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May 27, 2015 12:30 PM

Fannie Mae Downgrades Economic Forecast

Low mortgage rates helped keep homebuyer affordability high during the first quarter, but housing markets likely will see increased volatility for the remainder of the year as market participants try to determine the Federal Reserve's timing on short-term interest rate increases, Freddie Mac reported May 19.

May 27, 2015 12:30 PM

FHFA Issues New Single-family Lender Requirements

Single-family mortgage seller/servicers that want to continue doing business with Fannie Mae and Freddie Mac will have to comply with new operational and financial requirements, including a minimum net worth of $2.5 million, the Federal Housing Finance Agency reported May 19.

May 20, 2015 12:30 PM

Illinois Appraisals Halted

Appraisals in the state of Illinois came to an abrupt halt last week after the state’s Department of Financial and Professional Regulation revoked the licenses of 70 appraisal management companies over non-compliance with Illinois bonding regulations, HousingWire reported May 14.

May 20, 2015 12:30 PM

Report: Gap Grows Between Homeowner, Appraiser Opinions

For the third consecutive month, homeowner opinions of home values are higher than the value assessed by professional appraisers, according to the Home Price Perception Index released May 13 by mortgage lender Quicken Loans, HousingWire reported May 13.

May 20, 2015 12:30 PM

Nomura, RBS Settle with FHFA over ‘Enormous Deception’

Financial holding company Nomura Holdings and the Royal Bank of Scotland will pay $806 million in damages to the Federal Housing Finance Agency for exhibiting “enormous deception” in the sale of allegedly flawed mortgage-backed securities to Fannie Mae and Freddie Mac, Bloomberg reported May 15.

May 13, 2015 12:30 PM

Report: Mortgage Fraud Up, Valuation Fraud Down

The Mortgage Fraud Risk Report released May 5 by risk management firm Interthinx showed that mortgage fraud during the fourth quarter 2014 was up slightly from the previous quarter while valuation fraud saw a slight 2 percent drop during the same reporting period.

May 13, 2015 12:30 PM

FHA Delays Revised Single-family Handbook

The U.S. Department of Housing and Urban Development announced April 30 that stakeholder concerns have delayed by three months implementation of the revised Single Family Housing Policy Handbook. Policies in the handbook now will take effect Sept. 14.

May 13, 2015 12:30 PM

Survey: Consumers Positive, Cautious on Housing

Consumers want to purchase homes, but rising house prices have convinced them now isn't a good time to buy, according to the April 2015 National Housing Survey released May 7 by Fannie Mae. Overall, the survey showed improved housing sentiment, but not enough to trigger any breakout housing market activity.​

May 06, 2015 12:30 PM

Final Rule Released on Minimum Requirements for AMCs

The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, the Consumer Financial Protection Bureau and the Federal Housing Finance Agency issued a final rule April 30 that implements minimum requirements for state registration and supervision of appraisal management companies.​

May 06, 2015 12:30 PM

Expanded Fiduciary Rule Addresses Appraisals, Seeks Comments

The U.S. Department of Labor is seeking comment by July 6 on its proposed rule to change who is considered a fiduciary of a qualified plan, IRA or health savings account. A more expansive proposal was released in 2010, but it faced significant pushback and was quickly withdrawn.

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