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Results: 465 Articles found.
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.

Jul 29, 2015 12:30 PM

Fed Directs 8 Largest US Banks to Hold Extra Capital

Federal regulators are directing the eight largest U.S. banks to maintain capital at levels beyond industry requirements to protect against unexpected losses and to reduce the possibility of future taxpayer bailouts, the Chicago Tribune reported July 20. The banks will have to jointly possess $200 billion in additional capital.

Jul 22, 2015 12:30 PM

Georgia Proposes AMC Fee Rule, Releases Fee Study

The Georgia Real Estate Appraisers Board on July 17 proposed a rule requiring appraisal management companies to pay appraisers customary and reasonable fees for appraisal services performed for single- to four-family residential dwellings. The Board also released the results of an appraisal fee study.

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