Posted To: Pipeline Press
Want to lend money? A common evaluation framework is the Five C's of Credit : capacity, capital, collateral, conditions and character. Let's see what's going on with the collateral side of things, especially with disaster areas - investors sure want to know that the value is there! Four federal financial institution regulatory agencies issued an exception from the appraisal requirements for real estate-related financial transactions in the parishes declared to be in a major disaster area due to the severe storms and flooding in Louisiana. The agencies will not require financial institutions to obtain appraisals for affected transactions for the time-period specified if certain conditions are met. The exception is being made under the Financial Institutions Reform, Recovery, and Enforcement...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2eUeTAW
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