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Results: 85 Articles found.
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).​

 
May 27, 2015 12:30 PM

Fannie Mae Downgrades Economic Forecast

Low mortgage rates helped keep homebuyer affordability high during the first quarter, but housing markets likely will see increased volatility for the remainder of the year as market participants try to determine the Federal Reserve's timing on short-term interest rate increases, Freddie Mac reported May 19.

 
May 27, 2015 12:30 PM

FHFA Issues New Single-family Lender Requirements

Single-family mortgage seller/servicers that want to continue doing business with Fannie Mae and Freddie Mac will have to comply with new operational and financial requirements, including a minimum net worth of $2.5 million, the Federal Housing Finance Agency reported May 19.

 
May 20, 2015 12:30 PM

Illinois Appraisals Halted

Appraisals in the state of Illinois came to an abrupt halt last week after the state’s Department of Financial and Professional Regulation revoked the licenses of 70 appraisal management companies over non-compliance with Illinois bonding regulations, HousingWire reported May 14.

 
May 20, 2015 12:30 PM

Report: Gap Grows Between Homeowner, Appraiser Opinions

For the third consecutive month, homeowner opinions of home values are higher than the value assessed by professional appraisers, according to the Home Price Perception Index released May 13 by mortgage lender Quicken Loans, HousingWire reported May 13.

 
 
Results: 85 Articles found.

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