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...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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