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Results: 374 Articles found.
Feb 25, 2015 12:30 PM

Attorney General Targets Banking Executives

U.S. Attorney General Eric Holder announced Feb. 17 that he gave federal prosecutors 90 days to determine whether cases can be brought against top bank executives and other individuals whose misconduct in the pooling and sale of residential mortgage-backed securities contributed to the 2008 financial crisis, Reuters reported.

 
Feb 18, 2015 12:30 PM

Study: Appraisers, Homeowners Agree on Home Values

Mortgage lender Quicken Loans reported Feb. 10 that appraisers’ opinions of home values in January were nearly identical to those held by homeowners; the gap was 0.18 percent, with appraisers offering a slightly higher opinion of value, according to the Home Price Perception Index.

 
Feb 18, 2015 12:30 PM

Military Members Receive $123 Million for Illegal Foreclosures

Mortgage servicers that are part of the National Mortgage Settlement are required to pay out $123 million in relief to compensate 952 U.S. service members whose homes were illegally foreclosed on, HousingWire reported Feb. 10.

 
Feb 18, 2015 12:30 PM

HUD Secretary Challenged on Mortgage Insurance Premiums

U.S. Department of Housing and Urban Development Secretary Julian Castro was grilled by House Republicans during a Feb. 11 hearing on the Federal Housing Administration’s plan to reduce mortgage insurance premiums, The Hill reported.

 
Feb 11, 2015 12:30 PM

Fannie Clarifies CU Details; AI Wants More Answers

Fannie Mae clarified key details of its new Collateral Underwriter tool in a Feb. 4 lender letter, noting that CU does not accept or reject appraisal reports or characterize such reports as “good” or “bad.” The Appraisal Institute sees the clarifications as a necessary step because it has received numerous questions about CU.

 
Feb 11, 2015 12:30 PM

Farm and Ranch Land Values Stabilize in 2014

Farm and ranch land values stabilized in 2014 after years of double-digit increases, according to a Feb. 5 report from Farmers National Company, a firm that specializes in farm and ranch land real estate. The biggest drivers for land values remains location and quality.

 
Feb 11, 2015 12:30 PM

FHFA: Debt Reductions Possible for Underwater Homeowners

Federal Housing Finance Agency Director Mel Watt said Feb. 4 that he still supports the idea of principal reduction on properties where borrowers owe more than their homes are worth, Bloomberg reported. Watt is working out how to accomplish that goal without passing along the costs to taxpayers.

 
Feb 04, 2015 12:30 PM

CFPB Proposes Expanded Rural Financing

The Consumer Financial Protection Bureau on Jan. 29 proposed several changes to its mortgage rules to expand lending in rural and other underserved areas. If finalized, the proposal would increase the number of financial institutions allowed to offer loans in those areas.

 
Feb 04, 2015 12:30 PM

Appraisals Blamed for Slow Closings on Auctioned Homes

A home auction program launched last May in Detroit met its goal of auctioning nearly 400 abandoned homes, but only one-third of the sales actually closed — a snag that’s being partly blamed on appraisals and the comparisons being used, The Detroit News reported Jan. 23.

 
Feb 04, 2015 12:30 PM

Court Rules Fannie, Freddie Lawsuits Can Proceed

The U.S. Court of Federal Claims on Jan. 28 rejected a bid by the federal government to delay a series of lawsuits filed by investors challenging the U.S. Department of the Treasury’s decision to take profits from now-profitable Fannie Mae and Freddie Mac, Bloomberg reported.

 
 
Results: 374 Articles found.

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