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Results: 79 Articles found.
Jul 01, 2015 12:30 PM

Report: Risk of Valuation Fraud Up, Mortgage Fraud Down

The overall risk of mortgage fraud, which includes valuation, identity, occupancy and employment/income fraud, dropped 4 percent between 2013 and 2014, but the specific risk of valuation fraud increased 17 percent during the same reporting period, analytics firm Interthinx reported June 25 in its Mortgage Fraud Risk Report.

 
Jul 01, 2015 12:30 PM

Fair Housing Act Claims can Include Disparate Impact

The U.S. Supreme Court announced June 25 its decision that the legal doctrine of disparate impact is recognizable under the Fair Housing Act, HousingWire reported. Disparate impact refers to policies, practices or rules that appear to be neutral but have a discriminatory effect.

 
Jul 01, 2015 12:30 PM

Fannie Mae Drops Desktop Underwriter Fee

Fannie Mae announced June 23 that it eliminated the fee for its Desktop Underwriter mortgage underwriting system and Desktop Originator tool, HousingWire reported. The government-sponsored enterprise also indicated it would soon unveil a new loan delivery system.

 
Jun 10, 2015 12:30 PM

CFPB Institutes Grace Period on TRID Enforcement

The TILA-RESPA Regulated Disclosure requirements will still be implemented Aug. 1, but the Consumer Financial Protection Bureau announced an open-ended grace period during which it would delay enforcement so mortgage lenders can get up to speed, HousingWire reported June 3.

 
Jun 10, 2015 12:30 PM

Supreme Court Upholds Second Mortgages in Bankruptcies

The U.S. Supreme Court ruled June 1 that a debtor in a Chapter 7 bankruptcy proceeding cannot cancel a second mortgage lien when the home used as collateral is underwater on its first mortgage lien, HousingWire reported.

 
Jun 10, 2015 12:30 PM

Texas Governor Signs Updates to Appraiser Law

Texas Gov. Greg Abbott on June 9 signed into law Senate Bill 1007, legislation that contains many revisions and additions to the state's current appraiser licensing and certification law, the Appraisal Institute reported. The provisions in the bill will take effect Jan. 1, 2016.

 
Jun 03, 2015 12:30 PM

Freddie Mac Drops Loan Prospector Fee

Effective June 1, Freddie Mac stopped charging lenders $20 to use Loan Prospector, its automated underwriting service and risk-assessment tool that gives lenders access to Freddie’s credit and pricing terms, HousingWire reported May 27.

 
Jun 03, 2015 12:30 PM

Fed says Weak Global Economy Could Slow Rate Hikes

Federal Reserve Vice Chairman Stanley Fischer noted in a May 26 speech at Tel Aviv University that policy makers will consider international growth as they start to increase interest rates, and that borrowing costs could increase slowly if the global economy falters, Bloomberg reported.

 
Jun 03, 2015 12:30 PM

Housing Market Continues to Stabilize

The U.S. housing market continues to stabilize, with the most improved metro markets seeing strong demand for home sales during the spring homebuying season, according to Freddie Mac’s Multi-Indicator Market Index released May 27. Overall, the index shows 80 percent of the country’ top housing markets are improving.

 
May 27, 2015 12:30 PM

Appraiser Shortage Could Hurt Mortgage Lenders

A shortage of residential appraisers could create a situation where, in the next 5-10 years, lenders won't be able to have their volume of home appraisals sufficiently handled, National Mortgage News reported May 20. The result could be higher appraisal fees and longer closing times. (Log-in required).​

 
 
Results: 79 Articles found.

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