How much is your house worth in this turbulent market? That’s the question on the minds of many Bay Area homeowners, but it’s become increasingly tough to answer, even for the pros.
Instability in the region’s housing market is making it difficult to determine values, according to mortgage brokers and real estate appraisers. “It’s miserable,” said [...]

In light of the recent media buzz surrounding Florida’s Office of Financial Regulation (OFR) and the Miami Herald’s investigation of more than 10,000 individuals with criminal backgrounds who were issued licenses to work in the mortgage industry, the FAMB applauds the efforts of all who have brought this long-standing problem in our industry to the [...]

The President signed the bill on July 30, 2008. The bill includes the following provisions:

GSE Reform - including a strong independent regulator, and permanent conforming loan limits up to the greater of $417,000 or 115% local area median home price, capped at $625,500. The effective date for reforms is immediate upon enactment, but the loan [...]