Appraisal Buzz The latest Buzz on the Appraisal Industry
By Rob Chrisman
Posted To: Pipeline Press
Those who follow this kind of thing note that 32% of adults lived with someone other than a spouse or partner in 2012 vs. only 26% in 2000. From a business perspective it makes sense: people are finding roommates to reduce costs as incomes have not kept up with rising rents & costs. Speaking of which, banks set a record in 2014 for legal settlements and fines, paying out $56 billion, according to the Financial Times. Bank of America took the biggest hit at $16.65 billion. Let’s jump into some relatively recent lender and investor updates to play some catch up and gain a sense of the trends out there. As always, full details can be found in the actual bulletin. Penny Mac’s recent announcements include its previous rule on limited VA cash-out transactions to 90% LTV/CLTV. Effective with commitments…(read more)
Via:: Lender Updates Continue; Primer on Leveraged Loans; Update on Labor Market Conditions
