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Results: 427 Articles found.
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.​

 
Aug 12, 2015 12:30 PM

New Collateral Underwriter Releases in September

Fannie Mae announced Aug. 4 that it will release Collateral Underwriter 3.0 on Sept. 26. The updated version will provide access to appraisal data, risk score, flags and messages in the CU Web application within 10 minutes of submitting an appraisal through the Uniform Collateral Data Portal (Forms 1004/1073 only).

 
Aug 12, 2015 12:30 PM

Fed Repo System Could Impact Millions of Mortgages

The Federal Reserve reportedly will expand its use of overnight reverse repo agreements to help drain the $4.5 trillion it has on its balance sheet from years of quantitative easing, and doing so while raising interest rates could significantly affect the mortgage-backed securities market, Bloomberg reported Aug. 5.

 
Aug 05, 2015 12:30 PM

Mortgage Rates Drop as Foreign Markets Disappoint

Average fixed mortgage rates dropped during the past week as foreign markets - particularly China - reported disappointing economic performance, Freddie Mac reported July 30 in its Primary Mortgage Market Survey.

 
Aug 05, 2015 12:30 PM

House Committee Says Dodd-Frank Hurting Recovery

The House Financial Services Committee held a hearing July 28 to review the nation's economic prosperity in the five years since Dodd-Frank was enacted, with committee Republicans saying the law's regulatory burdens have done more harm than good, HousingWire reported.

 
Aug 05, 2015 12:30 PM

CFPB Asks Mortgage Industry to Stop Using MSAs

The Consumer Financial Protection Bureau reportedly is concerned about the business model behind marketing services agreements and wants mortgage lenders to stop using them, HousingWire reported July 30. The CFPB recently has fined lenders for alleged kickbacks and other MSA-related violations.

 
Jul 29, 2015 12:30 PM

Court Orders Release of Fannie, Freddie Conservatorship Docs

A Federal Claims Court on July 21 granted a motion requiring the U.S. Department of the Treasury to release all discovery document materials related to the decision to put Fannie Mae and Freddie Mac into conservatorship, HousingWire reported.

 
Jul 29, 2015 12:30 PM

Mortgage Rates Reverse Course

Mixed economic and lending reports caused average fixed mortgage rates to drop during the past week, Freddie Mac reported July 23 in its Primary Mortgage Market Survey.

 
 
Results: 427 Articles found.

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