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I received this from BWC Mortgage today and thought I would
share this with you regarding the loan limits….

As Uncle Sam  continues to play an increasing role in
shaping the Lending industry, it goes without saying that the resulting familiar
government bureaucratic signature is not making it easier for Loan originators
and Lenders to navigate the constantly changing landscape.  HERA, HARP, HVCC,
ARRA, HOPE,  are all examples of the new age of  government concocted programs
to “fix” the broken industry.  The fact they are being designed by those with
scary  little knowledge of the industry,  ensures our jobs will become
increasingly challenging for the foreseeable future.

On the plus side, it looks like
High Balance loan limit increases are finally being continue

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Last week when I was working with a client who is buying a new home in Danville and I experienced a new way of ordering appraisals through Wells Fargo. They are now going to a system in which they are partnered with a national company who is partnered with different appraisal management companies (AMC).  In order to get started on tis new loan I was required to continue

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