Lenders will no longer be able to use appraisal reports from a model unit for the rest of the homes in a condominium project or housing subdivision, the Department of Housing and Urban Development announced in a mortgagee letter this month. Historically, lenders and builders would use the appraisals from model units to reduce...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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