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Results: 131 Articles found.
Jan 28, 2015 12:30 PM

Housing Gets Little Attention at State of the Union

During his Jan. 20 State of the Union address, President Obama only briefly mentioned housing and mortgage issues and only when talking about the Federal Housing Administration’s decision to reduce mortgage insurance premiums, MarketWatch reported. Experts say that failure to address the still “broken” housing finance system was a mistake.

 
Jan 28, 2015 12:30 PM

S&P to Pay $77M for Alleged CMBS Misrepresentation

Ratings agency Standard & Poor’s settled with the U.S. Securities and Exchange Commission for $77 million over claims it misled investors on some commercial mortgage-backed securities it rated, Reuters reported Jan. 21. S&P also will be banned from rating any CMBS for one year.

 
Jan 21, 2015 12:30 PM

Homebuyers Willing to Pay More for Solar; AI Aids in Research

Homebuyers are willing to pay more for homes with host-owned solar photovoltaic energy systems, according to a report released Jan. 13 by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory. Two Appraisal Institute professionals contributed to the landmark study as part of a multi-institutional research team.

 
Jan 21, 2015 12:30 PM

CFPB Launches Mortgage Toolkit, Critics Fault Disclosures

Nearly half of all homebuyers don’t shop around for mortgages, the Consumer Financial Protection Bureau reported Jan. 13, and so the agency launched “Owning a Home,” an online toolkit to help consumers navigate the mortgage process. However, the toolkit is being criticized for sharing rates and costs without including required disclosures, HousingWire reported.

 
Jan 21, 2015 12:30 PM

Supreme Court Gives Consumers Mortgage Cancellation Rights

The U.S. Supreme Court gave homeowners an additional opportunity to cancel their mortgages if lenders fail to provide required disclosures, Bloomberg reported Jan. 13. The case centered on a three-year deadline for borrowers wishing to rescind their loans; the justices unanimously agreed that borrowers don’t have to file suit within three years and instead can meet the deadline by sending a letter to lenders.

 
Jan 14, 2015 12:30 PM

Montana Mulls Updates to Appraiser Licensing and AMC Laws

During its 2015 session, the Montana legislature will consider House Bill 29, which would revise the state’s appraiser licensing and appraisal management company oversight laws, the Appraisal Institute reported Jan. 8.

 
Jan 14, 2015 12:30 PM

FHA to Reduce Annual Insurance Premiums

The U.S. Department of Housing and Urban Development on Jan. 8 said that the Federal Housing Administration will lower by a half-percent the annual premiums borrowers will pay. This action is projected to save more than two million FHA homeowners an average $900 annually and spur 250,000 homebuyers to purchase a home over the next three years.

 
Jan 07, 2015 12:30 PM

FHFA Warns Against ‘Super Priority’ Liens

The Federal Housing Finance Agency issued a warning Dec. 22 to homeowners, financial institutions and state authorities regarding super priority liens created by energy retrofit programs or homeowner associations. The FHFA expressed concern that such liens can sometimes force a Freddie Mac or a Fannie Mae lien into a risky secondary position.

 
Jan 07, 2015 12:30 PM

Ambac Sues Bank of America over Faulty Mortgage Bonds

Insurance firm Ambac Assurance Corp. filed suit against BofA Dec. 30 in an effort to recover hundreds of millions of dollars it lost during the financial crisis from insuring approximately $1.68 billion of securities backed, in part, by risky mortgages issued by Countrywide, Reuters reported Dec. 31.

 
Jan 07, 2015 12:30 PM

CoreLogic: Top Housing Market Drivers in 2015

More millennials are expected to enter the housing market in 2015, analytics firm CoreLogic reported Dec. 29 in its 2015 Housing Outlook. The prediction was one of several the firm identified for the coming year; among the others: housing will benefit from oil price drops and Houston will be the most interesting housing market to watch.

 
 
Results: 131 Articles found.

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