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What sub-prime underwriters look for in appraisals

National Mortgage Professional
Aug 21, 2008

NHC launches Open House blogMortgagePress.comNational Housing Conference, Open House blog, foreclosure, neighborhood stabilization, David Abromowitz The National Housing Conference (NHC) has launched its new Open House blog focused on helping to expand the national conversation about how best to meet the need for decent, affordable housing. The first topic is foreclosure prevention and neighborhood stabilization with practitioners and national experts covering issues that include promising foreclosure prevention tools and innovative programs being implemented at the state and local levels. David Abromowitz, a director and partner with Goulston & Storrs law firm, serves as the first guest blogger and discusses innovative state and local approaches to containing the spread of foreclosures. Goulston & Storrs is known nationally for its Housing & Economic Development Group, which works on all aspects of the acquisition, financing and development of residential real estate and affordable housing. In his blog post, Abromowitz highlights Massachusetts and Fairfax County, Va., as areas of the country that have adopted their own unique approaches to helping curb foreclosures. "While $4 billion in community development block grant neighborhood stabilization funding was riding its way for months on the Capitol Hill roller coaster, states and localities stepped forward with their own innovations to contain the spreading blight of foreclosures," said Abromowitz. "As thoughtful and well targeted as local stabilization efforts may be, however, the sheer avalanche of foreclosures is likely to bury these efforts if not combined with Federal resources that flow quickly and easily soon to where they are needed." Every four to six weeks, Open House will focus on a different current and critical issue facing the affordable housing communitythis will help ensure continued debate through additional posts and online discussions. Upcoming topics for the blog will include the impacts of the newly enacted landmark housing bill, as well as strategies for strengthening the effectiveness of the U.S. Department of Housing and Urban Development. For more information, visit
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