Mortgage bankers are trying to convince the Department of Housing and Urban Development to allow investors to utilize a government-insured program that finances property improvements. Rental properties had previously been banned from the program due to abuse by non-profit organizations, crooked lenders and other players. Section 203(k) rehabilitation loans are insured by the Federal Housing [...]
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Lenders Seek FHA Home Improvement Financing for Investors
June 7th, 2012 
davidguide 
Posted in Business Loans 
Tags: Federal, federal housing administration, FHA, financing, home, Housing, investors mortgage, rehabilitation loans, short term investments, single family properties, use 
Comments OffGov Report Calls for National AMC Standards
July 15th, 2011 davidguide The Government Accountability Office released a study on appraisal management companies. The report said that wider use of AMCs has raised concerns about AMC oversight. “GAO recommends that federal banking regulators, the Federal Housing Finance Agency and the Bureau of Consumer Financial Protection consider addressing several key areas, including criteria for selecting appraisers, as part [...]
Posted in Business Loans Tags: AMCs, appraisal management, Federal, Gov, government accountability office, Housing, housing finance agency, management companies, report, study, use Comments Off
