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Issue of March 10, 2008 |     |
Appraisal ValueIt remains to be seen how the recently announced Fannie Mae/Freddie Mac appraisal ethics agreement ultimately will shake out, but regardless, it promises to have a tremendous impact on the appraisal industry. Pattern Recognition Sometimes the good news gets buried. The Massachusetts Community & Banking Council released its 14th annual “Changing Patterns” report this month. FHA Not the New Subprime By Jerami A. Marshal Is HUD the overnight loan sensation assisting loan originators’ production in the wake of the mortgage industry meltdown, or the next subprime crisis of 2010? We have hardly risen out of what is arguably the most devastating mortgage disaster since 1929, yet we find production personnel (who could hardly spell FHA six months ago) demanding their employers add government lending to their quiver of loan products. Plan Positions Bay State as Leader in Fight to End Homelessness By Tina Brooks Coming up with a credible five-year plan to end homelessness in Massachusetts can be viewed by some as a daunting – if not impossible – task to undertake, let alone resolve. Financial Firms Tout the Upside of Write-Downs By Rachel Beck Financial firms plagued by massive write-downs on their mortgage-related debt are trying to convince investors their fortunes aren’t as desperate as they seem. Check & Balance Banker & Tradesman's political cartoon. |
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