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Results: 387 Articles found.
Dec 10, 2014 12:30 PM

SEC Decision on IFRS Could Affect Appraisals

The U.S. Securities and Exchange Commission is once again reviewing issues related to whether or not U.S. public companies can utilize the International Financial Reporting Standards for financial reporting purposes, the Appraisal Institute reported Dec. 10.

Dec 10, 2014 12:30 PM

Court Won’t Unseal Files on Washington Mutual Appraisal Scheme

A federal judge said he will not unseal files related to an alleged appraisal rigging scheme that Washington Mutual launched in an effort to favor mortgage lenders just before the 2008 market crash, Courthouse News Service reported Dec. 3.

Dec 10, 2014 08:00 AM

Importance of Property Attributes Key to Market Value: The Appraisal Journal

Appraisers can simulate the actions and thought processes of buyers by analyzing the importance of the quality of property attributes in the market, according to an article published this week in The Appraisal Journal.

Dec 03, 2014 12:30 PM

Freddie Mac Increases Access to Credit Risk Data

Freddie Mac is giving investors greater access to credit risk details by opening up loan-level actual loss data in an effort to improve transparency and increase confidence in its credit risk-sharing offerings, HousingWire reported Nov. 24.

Dec 03, 2014 12:30 PM

GSEs Will Let Foreclosed Borrowers Buy Back Homes

Government-sponsored enterprises Fannie Mae and Freddie Mac instituted a policy change that will allow borrowers who have gone through foreclosure to buy back their homes at market price, Bloomberg reported Nov. 25.

Dec 03, 2014 12:30 PM

BofA’s $16.65B Toxic Mortgage Settlement Approved

A record-setting settlement between Bank of America, the U.S. Department of Justice, other federal agencies and six states to resolve claims over allegedly toxic residential mortgage-backed securities was finalized, HousingWire reported Nov. 26.

Nov 26, 2014 12:30 PM

Fannie Mae Changes UCDP Proprietary Appraisal Messages

Fannie Mae announced on Nov. 18 changes to proprietary appraisal messages in the Uniform Collateral Data Portal that are designed to provide more information to lenders and help them identify potential defects during the appraisal review process.

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 19, 2014 01:52 PM

Bank of America Won’t Loosen Lending Standards

Bank of America Chief Executive Officer Brian T. Moynihan said the bank will not loosen mortgage lending standards even though regulators are trying to increase credit availability, Bloomberg reported Nov. 12. He said the bank has no incentive to create more mortgage availability when customers are susceptible to default.

Results: 387 Articles found.

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