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Results: 12 Articles found.

Nov 25, 2015

Mortgage Firm Settles Multistate Suit over Appraisal Fees

Prospect Mortgage settled with the Multi-State Mortgage Committee on behalf of 50 state mortgage regulators after investigators uncovered a pattern of improperly disclosed and unsupported fees paid to the company’s affiliate, C2C Appraisal Services, HousingWire reported Nov. 19. Prospect will pay more than $10 million in fines and restitution.


Nov 25, 2015

Rising Valuations Means Uncertain Commercial Market

Some investment managers reported worrisome signs in commercial mortgage-backed securities due to loosening underwriting standards, and while they noted the market appears “frothy” as a result of high commercial valuations, they aren’t yet forecasting a bubble, Bloomberg Business reported Nov. 18.

Nov 25, 2015

Errors Abound in CFPB Complaint Portal

The Consumer Financial Protection Bureau's consumer complaint database allegedly is riddled with errors and distrusted by some of its own employees, according to internal documents and interviews with current and former agency officials, National Mortgage News reported Nov. 18.


Nov 25, 2015

Report: Single-family Homes Shrinking

The average size of a new single-family home dropped slightly between the second and third quarters, coming in at 2,653 square feet; as first-time buyers return to the market, home size is expected to trend lower, according to a Nov. 18 report from the U.S. Census Bureau, the National Association of Home Builders reported.

Nov 25, 2015

Freddie Mac: Renters Aren’t Saving for a Down Payment

Only 39 percent of renters said they are saving for a down payment on a home, which is lower than the percentage who said they are saving for emergencies, retirement and a child’s education, according to a Freddie Mac survey released Nov. 18.


Nov 25, 2015

Multifamily Drop Pushes Down Housing Starts

Nationwide housing starts fell in October, led by a 25 percent drop in multifamily construction, according to the U.S. Department of Housing and Urban Development and the U.S. Department of Commerce, the National Association of Home Builders reported Nov. 18.

Nov 25, 2015

Mortgage Rates Relatively Unchanged

Average fixed mortgage rates were largely unchanged during the past week as analysts turned their attention to the Federal Open Market Committee’s October minutes looking for signs of a potential rate hike, Freddie Mac reported Nov. 18 in its Primary Mortgage Market Survey.


Nov 25, 2015

NYC’s Fifth Avenue Most Expensive Retail Real Estate

Rents for retail properties increased 35 percent globally during the past year, but New York City’s Fifth Avenue remains the world’s priciest shopping street with rents of $3,500 per square foot, according to the Nov. 17 report Main Streets Across the World from real estate services firm Cushman & Wakefield.

Nov 25, 2015

Blackstone Now World’s Largest Real Estate Owner

With more than $100 billion in property investments, private equity firm Blackstone is now the world’s largest owner of real estate, Business Insider reported Nov. 15. The firm has seen its real estate portfolio increase four-fold since 2007, acquiring such properties as Strategic Hotels and Chicago’s Willis Tower.


Nov 25, 2015

AI, Building Codes Assistance Project Offer ‘Green’ Appraisal Guidance

The Appraisal Institute and the Building Codes Assistance Project on Nov. 24 released “Appraised Value & Energy Efficiency: Getting It Right,” a guide for homebuilders, buyers and lenders related to the valuation of green and energy-efficient homes and the hiring of the right appraiser for such assignments.

Results: 12 Articles found.


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