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Results: 410 Articles found.
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.

 
Jan 28, 2015 12:30 PM

Housing Gets Little Attention at State of the Union

During his Jan. 20 State of the Union address, President Obama only briefly mentioned housing and mortgage issues and only when talking about the Federal Housing Administration’s decision to reduce mortgage insurance premiums, MarketWatch reported. Experts say that failure to address the still “broken” housing finance system was a mistake.

 
Jan 28, 2015 12:30 PM

S&P to Pay $77M for Alleged CMBS Misrepresentation

Ratings agency Standard & Poor’s settled with the U.S. Securities and Exchange Commission for $77 million over claims it misled investors on some commercial mortgage-backed securities it rated, Reuters reported Jan. 21. S&P also will be banned from rating any CMBS for one year.

 
Jan 28, 2015 12:30 PM

Fannie Mae Program Addresses Hiring of Qualified Appraisers

Fannie Mae’s Collateral Underwriter, an automated quality assurance program that checks for aberrations in appraisal report data and analysis, was made available to mortgage lenders Jan. 26, underscoring the importance of hiring qualified appraisal review staff who can navigate CU messages, alerts and other issues, the Appraisal Institute reported.

 
Jan 21, 2015 12:30 PM

Homebuyers Willing to Pay More for Solar; AI Aids in Research

Homebuyers are willing to pay more for homes with host-owned solar photovoltaic energy systems, according to a report released Jan. 13 by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory. Two Appraisal Institute professionals contributed to the landmark study as part of a multi-institutional research team.

 
 
Results: 410 Articles found.

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