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Results: 126 Articles found.
Dec 17, 2014 12:30 PM

Fannie Mae Adjusts Comparative Sales Guidelines, Solar Policy

Fannie Mae released on Dec. 16 its updated Selling Guide for single-family homes, which includes an adjustment to comparable sales that eliminated the 15 percent net and 25 percent gross adjustment guidelines. It also clarified its policy on the valuation of homes with solar panels.

 
Dec 17, 2014 12:30 PM

Ratings Agency Suspension Could Damper CMBS Outlook

While commercial mortgage-backed securities have experienced a major boost over the past few years, a move by the U.S. Securities and Exchange Commission to suspend ratings agency Standard & Poor’s abilities to rate CMBS could dampen future growth, commercial real estate data firm CoStar Group reported Dec 10.

 
Dec 17, 2014 12:30 PM

GSEs Introduce 3 Percent Down Payment Programs

The Federal Housing Finance Agency announced Dec. 8 that Fannie Mae and Freddie Mac will offer new mortgage programs that allow individuals to make down payments of only 3 percent in a bid to help first-time and lower-income buyers enter the housing market, The Wall Street Journal reported.

 
Dec 10, 2014 12:30 PM

AQB Proposed Background Checks Focus on ‘Public Trust’

The Appraiser Qualifications Board of The Appraisal Foundation released on Dec. 2 a new exposure draft of proposed revisions to the 2015 Real Property Appraiser Qualification Criteria. Included among the revisions is a requirement that all applicants for real property appraiser credentials have a background that does not call into question public trust.

 
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 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.

 
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

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.

 
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.

 
 
Results: 126 Articles found.

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