Appraisals, Market Conditions & Greece…

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February 16, 2010 Mortgage Market Conditions Markets were closed yesterday in observance of President's Day. Today's market news was the manufacturing index which showed improved numbers from last month, increase in business activity and business leaders forcasting better economic conditions in the coming months. Stocks off to a good start
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FHA "FLIP" requirements change…

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On Friday, January 15, 2010 HUD announced a temporary suspension of HUD’s policy of prohibiting FHA insured financing for properties owned by sellers for less than 90 days ( flips ). This change in policy has been implemented to aid in stabilization of home values and improve conditions in areas
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Mixed News as Bonds and Mortgage Rates Flip Flop

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Jobs Report indicates improvement ___________________________________________ Last Friday’s Jobs Report indicated surprising results.  Instead of 125,000 job losses that were expected, the Labor Department reported only 11,000 jobs lost in November.  And if that were not enough, the Unemployment Rate improved to 10% – down from 10.2%.  It was also reported
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