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Results: 180 Articles found.
Oct 26, 2016 08:00 AM

Appraisal Institute, European Group Sign Mutual Recognition Agreement

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has entered into a landmark agreement with The European Group of Valuers’ Associations, known as TEGoVA, to mutually recognize the professional excellence of each other’s standards, ethics and qualifications.

Oct 19, 2016 12:30 PM

Fed Cites 'New Housing Crisis' in US

Residential spending in the third quarter remained weak due to a "new housing crisis" caused by a scarcity of building lots and a lack of skilled labor, according to the Federal Open Market Committee's September meeting notes released Oct. 12, Business Insider reported. The notes further revealed that property supply is not meeting demand.

Oct 19, 2016 12:30 PM

FHFA Could Raise Lending Caps Again

The Federal Housing Finance Agency has increased its market rate lending caps at Fannie Mae and Freddie Mac twice this year and might do so again before the end of the year, National Real Estate Investor reported Oct. 12. The increases were prompted by strong multifamily lending and slumping commercial mortgage-back securities.

Oct 19, 2016 12:30 PM

CFPB Releases Updated TRID Compliance Guide

The Consumer Financial Protection Bureau on Oct. 12 issued a revised small entity compliance guide to the TILA-RESPA integrated disclosures, ABA Banking Journal reported. Updates relate to records retention, construction loans, disclosures of seller-paid costs and form completion, among others. CFPB also updated its Loan Estimate and Closing Disclosure forms.

Oct 18, 2016 08:00 AM

Appraisal Institute Book Shares Methods for Valuing Golf Courses

More appraisers are valuing golf course properties and are bringing sophisticated new methodology to the market and appraisal practice, according to a new book by the Appraisal Institute.

Oct 12, 2016 12:30 PM

FHA Updates Single Family Handbook Appraisal Requirements

The Federal Housing Administration on Sept. 30 updated its Single Family Housing Policy Handbook to clarify that appraisers must indicate that certain appliances contributing to the market value of the property are physically present. FHA previously required appraisers to physically observe and operate appliances on the property.

Oct 12, 2016 12:30 PM

CFPB Unconstitutional but Still Operational, Court Rules

A federal appeals court on Oct. 11 ruled that the Consumer Financial Protection Bureau's structure was unconstitutional because too much power is assigned to its sole director, Reuters reported. The court said the bureau could continue to operate under the president's supervision.

Oct 12, 2016 12:30 PM

Court Orders Government to Release Docs to GSE Investors

The Court of Federal Claims in Washington on Oct. 3 ordered the U.S. government to release documents to Fannie Mae and Freddie Mac investors who sued the government over its decision to seize profits from the government-sponsored enterprises, The New York Times reported. Investors claimed the government's action constituted illegally taking private property.

Sep 28, 2016 12:30 PM

Deutsche Bank Challenges $14 Billion MBS Fine

Deutsche Bank is fighting the U.S. Department of Justice over a $14 billion fine to settle claims that it sold soured mortgage-backed securities, Reuters reported Sept. 16. Deutsche had expected a smaller fine; if the larger figure holds, it would be one of the largest paid to U.S. authorities in years.

Sep 28, 2016 12:30 PM

Freddie Mac Launches Loan Program for Underserved Communities

Freddie Mac, in partnership with New American Funding and Alterra Home Loans, launched a pilot loan program Sept. 19 called Your Path, which considers a wider range of factors than traditional underwriting methods in order to provide homeownership opportunities for underserved communities, National Mortgage Professional Magazine reported.

Results: 180 Articles found.

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