Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
Most mortgage premiums are allocated to taxes and insurance. As predicted, the Fannie juice is starting to be felt. Everyone is quoted but the Fannie employee who wants to remain Anonymous. Waive them, waive them all. 
These vendors need to be very careful about such things,”warns Rossi. “I could see all sorts of litigation in the future brought by homeowners claiming these companies harmed their values based on faulty and unregulated models.” The lack of any standardized criteria for consumers to comprehend or communicate these scores raise concerns about fair lending, deceptive marketing, and consumer privacy, as a start.
nationalmortgageprofessional.com
Experts agree the system’s weakest link is not the insurance market or mortgage market, but homeowners and their waning capacity to absorb rising costs of homeownership.
The market widely accepts that mispriced mortgages are being underwritten, bought, and packaged into mortgage-backed securities by Fannie and Freddie.
These vendors need to be very careful about such things,”warns Rossi. “I could see all sorts of litigation in the future brought by homeowners claiming these companies harmed their values based on faulty and unregulated models.” The lack of any standardized criteria for consumers to comprehend or communicate these scores raise concerns about fair lending, deceptive marketing, and consumer privacy, as a start.
Homeownership Is Underwater, Up In Flames, Or In The Wind
nationalmortgageprofessional.com
