Posted To: Pipeline Press
Here we are at Halloween already. Who will win the inter-department costume contest, shipping or accounting? And what could be more horrifying for a borrower than an appraisal that is late, or comes in $50k under the transaction price? But what about the poor appraisers – don’t they have some frightful tales? Yes, they do . What isn't terrifying is the economy: traders believe that the 1.2% drop in Treasury security prices this month, the biggest loss in nearly two years, is a sign that the U.S. economy is truly recovering. Jumbo news out there? Price adjustment changes? Yes, there's a little. Lending standards in the jumbo space are loosening , even as the luxury end of the housing market underperforms . (I've heard Miami Beach is once again actually heading down in price.) Loan...(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/2fn57eD
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