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Results: 102 Articles found.
Oct 08, 2014 12:30 PM

Lawsuit Challenging Fannie, Freddie Profits Dismissed

A judge dismissed a lawsuit Sept. 30 that challenged the way profits from Fannie Mae and Freddie Mac were funneled to the U.S. Department of the Treasury, Mortgage News Daily reported. The lawsuit was filed by investors who claimed the profit-funneling violated terms of the 2008 conservatorship agreement for the government-sponsored enterprises.

 
Oct 08, 2014 12:30 PM

Report: Home Prices Undervalued by 3 Percent

Home prices nationwide are undervalued by an average 3 percent, the real estate site Trulia reported Oct. 1. Conversely, the report noted that around 7 percent of the nation's 100 largest metro areas have homes that are more than 10 percent overvalued.

 
Oct 08, 2014 12:30 PM

Fed Faulted for Badly Executing Foreclosure Settlements

The Federal Reserve's Office of the Inspector General faulted the regulatory agency for poorly preparing, managing and executing settlements in 2013 with 13 financial firms over foreclosure errors, Bloomberg reported Oct. 2.

 

Beige Book: Real Estate Activity Shows Modest Growth

The Federal Reserve Beige Book released Sept. 3 showed that markets improved modestly from June through late August, as slightly more than half of the 12 districts reported some growth in nonresidential real estate activity, with increased construction or leasing (or both) tied to steady or falling vacancy rates and rent increases.

 
Sep 10, 2014 12:30 PM

Comments Requested for Additional USPAP Changes

The Appraisal Foundation’s Appraisal Standards Board has issued a third exposure draft of proposed changes to its 2016-17 edition of the Uniform Standards of Professional Appraisal Practice, and is seeking feedback on the proposed changes by Oct. 10.

 

VA Announces New Fannie Mae Appraisal Report Requirements

The U.S. Department of Veterans Affairs announced Sept. 2 that it now requires appraisers to include Fannie Mae Form 1004MC, Market Conditions Addendum, in all VA appraisal reports.

 
Sep 03, 2014 12:30 PM

Obama Announces Partnership with Lenders to Help Military Homeowners

President Obama announced on Aug. 26 changes to the Servicemembers Civil Relief Act of 2003 that will make it easier for military families to lower their monthly mortgage payments, National Mortgage News reported.

 

HUD Finalizes Changes on FHA-insured ARMs, Prepayments

The U.S. Department of Housing and Urban Development finalized on Aug. 26 two new rules for Federal Housing Administration-insured adjustable-rate mortgages, with one focused on how ARMs are adjusted and the other on post-payment interest charges on single-family FHA mortgages.

 
Sep 03, 2014 12:30 PM

Report: GSEs Still at Risk of Mortgage Scams

The Federal Housing Finance Agency’s Office of the Inspector General reported that Fannie Mae, Freddie Mac and Ginnie Mae remain vulnerable to scams, and that all three need to make significant improvements so as to avoid suffering multibillion dollar losses due to fraud, HousingWire reported Aug. 26.​

 
Aug 27, 2014 12:30 PM

Congress Challenges Fed Bailout Procedures

Lawmakers sent a letter to Federal Reserve Chair Janet Yellen in which they requested she rewrite the Fed’s proposed rule on bailing out banks considered “too big to fail,” HousingWire reported Aug. 18.​

 
 
Results: 102 Articles found.

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