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Results: 185 Articles found.

FHFA Raises Conforming Loan Limits for First Time in a Decade

The Federal Housing Finance Agency announced Nov. 23 that it will increase the conforming loan limit for mortgages acquired by Fannie Mae and Freddie Mac for the first time in 10 years. The current limit of $417,000 for single-family homes will go up to $424,100 in 2017.

 
Nov 30, 2016 12:30 PM

Court Blocks New Overtime Rule

A federal judge on Nov. 22 blocked a rule issued by the U.S. Department of Labor that would have made an additional four million salaried employees eligible for overtime pay, Reuters reported. The rule would have taken effect Dec. 1 and doubled to $47,500 the salary a worker could make and still qualify for overtime.

 
Nov 30, 2016 12:30 PM

CFPB Fights Court Ruling Challenging its Constitutionality

The Consumer Financial Protection Bureau on Nov. 18 asked for a rehearing from the full slate of judges at the U.S. Court of Appeals for the District of Columbia Circuit in response to last month’s three-judge panel ruling that the agency’s structure is unconstitutional, The New York Times reported.​

 
Nov 23, 2016 12:30 PM

Appraiser Regulatory Requirements 'Stuck in the Past,' Luetkemeyer Says

After hearing the Appraisal Institute testify Nov. 16 before the Housing and Insurance Subcommittee about how appraisers are being choked by rules and regulations, Subcommittee Chair Blaine Luetkemeyer, R-MO, said that the regulatory requirements for appraisers remain "stuck in the past" and that the system is "unnecessarily complicated and outdated."

 
Nov 23, 2016 12:30 PM

GAO Says Fed Stress Test Framework is Flawed

The Government Accountability Office reported Nov. 15 that Dodd-Frank Act Stress Tests for Federal Reserve-supervised banking institutions and the Comprehensive Capital Analysis and Review for bank holding companies lack transparency and have scenario design flaws and problems with model-risk management, ABA Banking Journal reported.

 
Nov 23, 2016 12:30 PM

New IRS Rules Impact Common REIT Transactions: Report

The U.S. Department of the Treasury and the IRS issued temporary regulations that changed the rules for leveraged partnership transactions, UPREIT and DownREITS, National Real Estate Investor reported Nov. 14. The regulations are expected to adversely impact tax planning techniques that were allowed by previous regulations.

 
Nov 16, 2016 12:30 PM

Trump Administration Could Gut CFPB, Repeal Dodd-Frank

An incoming Republican president and Republican-controlled House and Senate could have a significant impact on the Consumer Financial Protection Bureau and the Dodd-Frank Act, HousingWire reported Nov. 9. CFPB could see a change in structure or be completely eliminated, while the Dodd-Frank Act could be repealed.

 
Nov 16, 2016 12:30 PM

Congress Hears Appraisal Institute Ideas to Modernize Regulation

The Appraisal Institute told a Congressional hearing Nov. 16 there is a “better, less-complicated approach” that would modernize the U.S. appraisal regulatory structure by improving quality, reducing costs and addressing fundamental concerns that drive appraisers from the profession. AI suggested that Congress realign the appraisal regulatory structure with those of other industries in the real estate and mortgage sectors.

 
Nov 16, 2016 12:30 PM

Dallas Leads Portland, Denver as Hottest Investor Markets: Report

Dallas was ranked the hottest real estate market for the second consecutive year, standing out as a market with strong price appreciation and one where investors see high rents relative to property values, according to real estate investment network BiggerPockets, Forbes reported Nov. 7. Portland, Oregon, and Denver also ranked highly.

 
Nov 16, 2016 09:18 AM

Congress Hears Appraisal Institute’s Ideas to Modernize Regulation

The Appraisal Institute today told a Congressional hearing there is a “better, less-complicated approach” that would modernize the U.S. appraisal regulatory structure by improving quality, reducing costs and addressing fundamental concerns that drive appraisers from the profession.

 
 
Results: 185 Articles found.

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