Tag Archive: Fannie Mae

My Home Is Worth What!?!

Or What’s Gone Wrong With the Appraisal Industry? This could be a long convoluted series of articles, but I’ll try to summarize what’s occurring in the appraisal industry. Yes, we all know of the fallout with subprime loans & homes being grossly overvalued. Short history… Lenders used to work very closely with certain appraisers. As…

The Housing Bill – A Panacea or False Hope

OK, so President Bush signed what’s been commonly called the Housing Bill. It’s being touted as a panacea for our mortgage and housing market ills, but unfortunately comes nowhere near to being such. Again, I must restate from a previous post, The American Housing Rescue and Foreclosure Prevention Act, it should be called the Banker…

The American Housing Rescue and Foreclosure Prevention Act

Welcome back to Marc’s Corner – As I’d mentioned in my previous post, we are going to discuss the American Housing Rescue and Foreclosure Prevention Act, which in some circles is know as the Bank and Builder Bailout Act.Hmmm, imagine that! There are many aspects to this bill and for our purposes we will only…