Real Estate Appraisal Rules Change Again
February 12, 2015 by Laura Duggan · Leave a Comment
On January 26, 2015 new appraisal rules went into effect that will likely delay residential real estate closings. The new FNMA/FLMC required appraisal review system called “Collateral Underwriting” (CU) is an automated system where appraisers must submit their appraisals for review. For the past 5 years, lenders have had to upload the appraisals to this […]
Filed under Finance, Home Buying, Home Selling, Real Estate Trends · Tagged with appraisal, Home Values, Laura Duggan, Real Estate, West Austin Properties
Calculating Buyer Closing Costs
May 20, 2010 by Katy Duggan · Leave a Comment
Laura Duggan talks with lender, Ben Morton about the typical closing costs that a buyer pays when making a home purchase. Ben outlines these expenses that fall into four main categories—the lender costs, the title costs, insurance costs and escrows of taxes and insurance. The lender is required within three days after a property is […]
Filed under Home Buying, Real Estate Trends · Tagged with appraisal, attorney fees, Ben Morton, closing costs, escrow, escrow officer, good faith estimate, home loan, insurance, interest rate, Laura Duggan, Lender, loan discount, loan officer, loan origination, mortgage., prepaid interest, processing, recording fees, seller paid closing costs, survey, taxes, title company, title fees, truth in lending, underwriting, West Austin Properties