Larry Morris's (larrym) Blog

I'm sure that you have all had an appraiser tell you that your client needs additional fire alarms installed prior to signing off on the appraisal. I know this is especially true with Reverse Mortgages. While this alarm probably won't get by too many underwriters in the conforming or govt. lender...

One of my primary lenders just issued new guidelines on how a property being converted from Primary Residence to Pending Sale, 2nd Home or Investment Property should be treated. These are quite a bit stricter then I've seen in the past and are probably indicative of things to come. If you are a R...