In a series of Mortgagee letters released by the FHA in September 2009, one particular announcement has caused major concern among mortgage brokers and small correspondent lenders about their ability to continue offering FHA mortgage loans due to the new licensing structure mandated by HUD.
Tony Gallegos address the main talking points and generally fears, as [...]

There has been a lot of recent news about FHA Commissioner David Stevens announcing that the FHA may see its 2% capital reserve requirement fall below the minimum level set by Congress.
The concerns of unemployment, combined with the gaining FHA market share are certainly factors that would lead most industry professionals and politicians to question [...]

I was recently interviewed by Brain Wargo, a business reporter from the Las Vegas Sun, about the Home Valuation Code of Conduct for a story he was writing titled “Realtors Complain About ‘Low Ball’ Appraisals”
Realtor.org and several other National publications ran with the story as well, which proves how hot the appraisal / equity topic [...]

There are new FHA Appraisal Guidelines that went into effect on April 1, 2009 that Las Vegas home buyers and sellers need to know about.
These new FHA Appraisal Guidelines are not to be confused with the recent Home Valuation Code of Conduct (HVCC) agreement that went into effect on May 1, 2009.
In order to accurately [...]