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Jan 14, 2015 12:30 PM

Barney Frank Worried GOP Will Gut Dodd-Frank Act

Former U.S. Rep. Barney Frank said he is concerned the new Republican Congress will water down key elements of the financial reform legislation he helped write, MarketWatch reported Jan. 6. Incoming Majority Leader Mitch McConnell, R-Ky., has said he wants to review Dodd-Frank with an eye toward amending some components.

Apr 02, 2014 11:43 AM

Report: GSEs Conduct Faulty Pre-foreclosure Inspections

The Office of Inspector General for the Federal Housing Finance Agency released a report claiming that pre-foreclosure inspections for Fannie Mae and Freddie Mac showed major quality control issues, including potentially fraudulent or manipulated data, HousingWire reported March 25.

Apr 02, 2014 11:31 AM

Fannie Mae Releases New Guidelines for Rural Appraisals

Fannie Mae released new guidelines for appraising rural properties March 25, and at the same time clarified its policy on using appraisal management companies. In releasing the guidelines, Fannie noted that it recognizes how properties in low-population areas can present appraisers with special challenges.​

Jan 29, 2014 12:30 PM

Fed to Cut Bond Buying Program Again

The Federal Reserve is ready to make a second cut to its bond-buying program, reducing its purchase of Treasurys and mortgage bonds from $75 billion per month to $65 billion per month, The Wall Street Journal reported Jan. 20.

Jan 29, 2014 12:30 PM

Super Bowl Real Estate Showdown: Denver vs. Seattle

More than 50 percent of the population in the cities of Denver and Seattle are homeowners, but Seattle homeowners pay a lot more for property than those in Denver for virtually the same square footage, according to data released Jan. 21 by real estate analytics firm Redfin.

Jan 29, 2014 12:30 PM

Treasury Supports Comprehensive Housing Finance Reform

Despite Fannie Mae’s and Freddie Mac’s recent and significant profits, the U.S. Department of the Treasury still is pushing for comprehensive housing finance industry reform, Mortgage News Daily reported Jan. 22.

Jan 22, 2014 12:30 PM

Report: Property Appreciation Approaching Peak Levels

Residential real estate values and appreciation grew during the fourth quarter of 2013, but at a slower rate than previous quarters, which may indicate that the market is topping out, analytics firm Veros Real Estate Solutions reported Jan. 16.

Jan 22, 2014 12:30 PM

Fed Settlements Could Cost Wall Street Firms $50 Billion

Wall Street banks looking to settle with federal authorities over their alleged roles in helping to set off the mortgage crisis could be on the hook for as much as $50 billion, The New York Times reported Jan. 9. Wall Street is using the Fed's $13 billion settlement with JPMorgan Chase as a guide for determining how much each bank might have to pay in order to settle with regulators.

Jan 15, 2014 12:30 PM

Feds Probe Alleged Intentional MBS Misrepresentations

Federal regulators have launched an investigation into whether or not numerous large Wall Street banks cheated customers in the aftermath of the financial crisis by deliberately mispricing mortgage bonds, The Wall Street Journal reported Jan. 7.

Jan 15, 2014 12:30 PM

Mortgage Firms Settle for $320M after Whistleblower Complaint

Home America Mortgage and Taylor Bean & Whitaker Mortgage will pay more than $320 million to settle allegations they falsified loan applications and documentation - including appraisals - in order to secure government backing for mortgages, National Mortgage News reported Jan. 7.

Jan 15, 2014 12:30 PM

Fannie Mae Launches Appraiser Quality Monitoring Website

Fannie Mae launched a website Jan. 6 focused on its new Appraiser Quality Monitoring process, which evaluates appraisals for data accuracy and consistency. The site gives lenders access to a list of appraisers whose reports will be subject to 100 percent review or no longer accepted by Fannie.

Results: 11 Articles found.

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