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Results: 137 Articles found.
Sep 30, 2015 12:30 PM

Fed: Dodd-Frank Not Hurting Mortgage Access

Qualified mortgage rules that took effect January 2014 and were mandated by the Dodd-Frank Act have had little effect on consumers' ability to get a mortgage, according to a Federal Reserve review of mortgage disclosure data, MarketWatch reported Sept. 22.

Sep 30, 2015 12:30 PM

Freddie Offers Rebate to Multifamily Borrowers with Energy Star Score

Freddie Mac announced on Sept. 15 a new program to help increase the energy efficiency of multifamily properties by offering a rebate on new mortgages for borrowers who voluntarily submit an Energy Star Score with their loan documents.

Sep 23, 2015 12:30 PM

Fed Keeps Benchmark Interest Rate Unchanged

The Federal Reserve decided Sept. 17 to keep its benchmark interest rate unchanged due to global economic weakness and financial market uncertainty, USA Today reported. During the run-up to the meeting, economists had heated debates about whether the central bank would raise the rate, which has been near zero since 2008.

Sep 23, 2015 12:30 PM

IRS Issues Guidance on REITs

The Internal Revenue Service, worried that companies increasingly are creating real estate investment trusts to avoid taxes, announced Sept. 15 that it would stop pre-approving deals and issued new guidance stating that REITs must have a legitimate business purpose, reported.

Sep 23, 2015 12:30 PM

CFPB Rule Increases Credit Access in Rural and Underserved Areas

The Consumer Financial Protection Bureau on Sept. 21 announced a new rule that will increase the number of financial institutions able to provide mortgages in rural and underserved areas, and gives lenders time to adjust their business practices to comply with the rules, which take effect Jan. 1.

Sep 22, 2015 08:00 AM

Valuing Automobile Dealerships Brings Challenges: The Appraisal Journal

Appraisers tasked with valuing automobile dealerships are met with unique challenges for generating an opinion of value on this specialized property type, according to an article published this week in The Appraisal Journal.

Aug 19, 2015 12:30 PM

Mandatory Registration Begins for FHA Appraisal Portal

The mandatory registration period for the Federal Housing Administration's Electronic Appraisal Delivery portal began Aug. 17, and all FHA-approved mortgagees must register for and participate in a 60-day onboarding phase to familiarize themselves with the portal, HousingWire reported. Onboarding begins Oct. 15 and all users must be registered by June 26, 2016.

Aug 19, 2015 12:30 PM

Gap Widens between Homeowner, Appraiser Opinions

The gap between homeowner and appraiser opinions of home values has nearly doubled since May, mortgage lender Quicken Loans reported Aug. 11 in its Home Price Perception Index. The discrepancy was attributed to homeowners seeing national headlines about increased home values.

Aug 19, 2015 12:30 PM

Bank of America Sells Appraisal Business

Bank of America announced Aug. 8 that it's selling its real estate appraisal business to analytics firm CoreLogic for an undisclosed sum, the Charlotte Observer reported. The bank acquired the business in 2008 through its acuisition of mortgage company Countrywide Financial Corp.

Aug 12, 2015 12:30 PM

NC Passes Recordkeeping and Background Check Legislation

North Carolina Gov. Pat McCrory on Aug. 5 signed into law HB 651, legislation that eliminates the discovery rule for civil action related to real estate appraisals and establishes a five-year statute of limitations that brings the state in line with the Uniform Standards of Professional Appraisal Practice.​

Results: 137 Articles found.

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