Real Estate Appraisal Rules Change Again

February 12, 2015 by · Leave a Comment 

Tweet On January 26, 2015 new appraisal rules went into effect that will likely delay residential real estate closings. The new FNMA/FLMC required appraisal review system called “Collateral Underwriting” (CU) is an automated system where appraisers must submit their appraisals for review. For the past 5 years, lenders have had to upload the appraisals to […]

Calculating Buyer Closing Costs

May 20, 2010 by · Leave a Comment 

Tweet Laura Duggan talks with lender, Ben Morton about the typical closing costs that a buyer pays when making a home purchase. Ben outlines these expenses that fall into four main categories—the lender costs, the title costs, insurance costs and escrows of taxes and insurance. The lender is required within three days after a property […]