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Results: 15 Articles found.

Aug 31, 2016

FHFA Extends HARP into 2017, Launches New Refi Program

The Federal Housing Finance Agency announced Aug. 25 that its Home Affordable Refinance Program will be extended to Sept. 30, 2017, and that a new refinance product aimed at borrowers with high loan-to-value ratios will be available next year through Fannie Mae and Freddie Mac.

 

Aug 31, 2016

Appeals Court Declines to Reconsider Bank of America Ruling

The 2nd U.S. Circuit Court of Appeals in New York on Aug. 22 rejected a request to reconsider its ruling that overturned a $1.27 billion penalty against Bank of America for mortgage fraud, Reuters reported. Manhattan U.S. Attorney Preet Bharara had hoped the government could pursue a new trial.

 
Aug 31, 2016

Fixed Mortgage Rates Unchanged

Average fixed mortgage rates were unchanged during the past week, remaining near historic lows ahead of Fed Chair Janet Yellen’s comments on a possible rate hike, Freddie Mac reported Aug. 25 in its Primary Mortgage Market Survey.

 

Aug 24, 2016

FEMA Proposes New Rules for Construction in Flood Zones

The Federal Emergency Management Agency proposed regulations Aug. 22 that would require developers and homeowners using federal funds for construction projects in flood zones to build on higher ground — in some cases as high as two feet above 100-year floodplains.

 

Aug 24, 2016

ASB Releases Second Exposure Draft on 2018-19 USPAP

The Appraisal Standards Board of The Appraisal Foundation on Aug. 16 released its second exposure draft on proposed changes for the 2018-19 edition of the Uniform Standards of Professional Appraisal Practice. Changes in this version primarily address draft reports and preliminary communication of an appraiser’s assignment results. Comments are due Oct. 21.

 
Aug 24, 2016

Fannie Mae: Expect Economic Rebound

Economic growth is expected to rebound for the remainder of the year thanks to a higher than expected July jobs report, credit expansion, improving labor market conditions and strengthening household finances, Fannie Mae reported Aug. 18 in its newest Economic and Housing Outlook report.

 

Aug 24, 2016

Banks Implement Tighter Mortgage Guidelines

Credit requirements for construction, multifamily and land development loans remained tight in the second quarter, according to the Wells Fargo Securities Commercial Real Estate Chartbook, MBA NewsLink reported Aug. 17. The pace of multifamily and construction lending is slowing, and lenders are noting “pockets of risk.”

 
Aug 24, 2016

Mortgage Rates Nudge Lower: Freddie Mac

Average fixed mortgage rates dipped slightly during the past week ahead of the release of the Federal Open Market Committee minutes from July, Freddie Mac reported Aug. 18 in its Primary Mortgage Market Survey.

 

Aug 24, 2016

More Homeowners Make Modifications, Avoid Foreclosure

The mortgage industry completed more than 100,000 permanent modifications during the second quarter, reflecting the continuous decline of serious delinquency rates across the country, according to HOPE NOW, an alliance of regulators, mortgage servicers, investors and counselors, HousingWire reported Aug. 17.

 
Aug 24, 2016

Home Prices Rising, FNC Study Finds

Residential prices increased 1.1 percent between May and June and nearly 5 percent year-over-year, according to the Residential Price Index released by mortgage technology firm FNC, Calculated Risk reported Aug. 15.

 
Results: 15 Articles found.

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