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Results: 292 Articles found.
Nov 26, 2014 12:30 PM

Watt Updates Congress, Challenged on Lack of Progress

In his first appearance before Congress as director of the Federal Housing Finance Agency on Nov. 19, Mel Watt gave the Banking, Housing and Urban Affairs Committee updates on Fannie Mae, Freddie Mac and the Federal Home Loan Banks, but he came under fire for not doing enough to help underwater homeowners, HousingWire reported.

 
Nov 26, 2014 12:30 PM

Fannie, Freddie Clarify Buyback Rules

In an effort to encourage banks to loosen lending standards, both Fannie Mae and Freddie Mac released rules Nov. 20 that clarify exactly when banks would be required to repurchase bad loans. Banks have been reluctant to ease lending standards after suffering billions of dollars in penalties for having issued poorly documented loans in the wake of the financial crisis.

 
Nov 12, 2014 12:30 PM

Court Vacates HUD’s Disparate Impact Rule

The U.S. District Court for the District of Columbia vacated the U.S. Department of Housing and Urban Development’s disparate impact rule under the Fair Housing Act after it determined the rule made lenders unfairly vulnerable to discrimination claims even when they took steps to prevent discrimination or when intentional discrimination was absent, MBA NewsLink reported Nov. 5.

 
Nov 12, 2014 12:30 PM

Dodd-Frank, Bank Regulation Uncertain with New Senate

With Republicans about to take control of the Senate, the future of the Dodd-Frank Act remains uncertain, as new conservative lawmakers are expected to target the 2010 law that introduced financial regulatory reform, MarketWatch reported Nov. 5.

 
Nov 12, 2014 12:30 PM

Basel III Accords Scrutinize ‘As Completed’ Appraisal Values

New loan risk weight requirements that impact commercial real estate are putting greater emphasis on the “as completed” value within appraisal reports prepared for acquisition, development and construction loans, known as ADC loans, the Appraisal Institute reported Nov. 12.

 

Fed Officially Ends Bond Buying Program

The Federal Reserve announced Oct. 29 that it ended its quantitative easing bond-buying program, The Wall Street Journal reported. The announcement was followed by an assurance that short-term interest rates would remain low. Ending the program reflects the Fed’s confidence in the nation’s economy, which grew almost 3 percent in the third quarter, significantly better than the economies in Japan and Europe.

 

Appraisers Able to Access RESNET Home Energy Ratings Database

The Residential Energy Services Network announced Oct. 28 that its National Registry is open to the public, which gives appraisers performing “green” property valuations access to valuable home energy ratings data. RESNET is the recognized national standards-making body for building energy-efficiency rating and certification systems in the U.S.

 

Report: Mortgage and Valuation Fraud Increase

Instances of mortgage and appraisal fraud are on the rise, CoreLogic reported Oct. 28 in its 2014 Mortgage Fraud Report. During the second quarter, an estimated 11,100 mortgage applications, or 0.69 percent of all mortgage applications, contained fraud, as compared with 19,700 or 0.67 percent in the second quarter of 2013, when the total application volume was substantially higher.

 
Oct 22, 2014 12:30 PM

Valuations Part of New Rules for Nontraded REITs

The U.S. Securities and Exchange Commission approved a rule change that provides investors with greater insight into the costs of unlisted real estate investment trusts, Investment News reported Oct. 14. The change allows the use of two methodologies, including appraised value.

 
Oct 22, 2014 12:30 PM

FHA Insurance Fund Close to Achieving Required Minimums

After taking $1.7 billion in taxpayer funds last year to balance its books, the Federal Housing Administration is close to replenishing its troubled insurance fund to minimum required levels, according to a report by ratings firm Moody’s Analytics, Bloomberg reported Oct. 16.

 
 
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