Does the mortgage industry still need Appraisal Management Companies?

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
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Refinancing: The road to recovery

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Americans are missing the biggest opportunity to create long-term economic stimulus. Consider this: creating a program that could guarantee universal access to low-cost home mortgage refinancing at the current rate of 4.5 percent. Many now trying to refinance at this historically low rate face major roadblocks — either they don’t have not enough equity in their home or they confront stringent income verifiability standards. But neither should matter if they have a mortgage — a lending institution already took the financial risk by issuing the original loan.
For borrowers current on their mortgages, it’s clear that they could afford a lower mortgage payment rate. For those on the brink of foreclosure, a reduced monthly payment offers a fighting chance to stay in their home.

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