The Department of Housing and Urban Development announced by email that the enactment of ML 2009-28 (Appraiser Independence) will be implemented as planned on February 15, 2010.
ML 09-28 prohibits mortgage brokers and commission based lender staff from the appraisal process and has lead to wholesale reverse mortgage lenders requiring the use of Appraisal Management Companies to ensure compliance with FHA.
Friday, February 12, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment