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Results: 117 Articles found.

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.​

 
Aug 27, 2014 12:30 PM

Bank of America Pays Record Fine for Faulty RMBS

Bank of America will pay a record $16.65 billion penalty in the largest civil settlement ever between a single entity and the federal government, USA Today reported Aug. 21.

 
Aug 27, 2014 12:30 PM

Study: Utah Lenders Pay Higher Fees for Complex Appraisals

Mortgage lenders are willing to pay higher fees based on complexity of an appraisal assignment, not on the appraiser’s experience and education; however, appraisers who have a professional designation are more likely to be hired, according to a study conducted by the Utah Association of Appraisers on customary and reasonable fees and released on Aug. 13.

 
Aug 20, 2014 12:30 PM

Freddie Mac: Housing Market on Path to Normal

The nation’s economy is stabilizing and the housing market is expected to return to a more normal state driven by fundamentals such as labor market gains and unemployment rates, Freddie Mac reported Aug. 13 in its U.S. Economic and Housing Market Outlook for August.

 
Aug 20, 2014 12:30 PM

Fannie Mae: 80 Percent of Lenders Avoid Non-QM Loans

The Consumer Financial Protection Bureau’s Qualified Mortgage and Ability-to-Repay mortgage regulations that took effect in January have had little impact on lenders’ strategies so far, but most anticipate a tough environment going forward, according to an Aug.14 Fannie Mae survey of 2,000 senior executives from its list of approved lenders.

 
Aug 20, 2014 12:30 PM

CFPB Fines Lender, AMC for Inflated Appraisal Fees

The Consumer Financial Protection Bureau announced Aug. 12 that it fined mortgage lender Amerisave Mortgage Corp., its affiliate, Novo Appraisal Management Company, and the organizations’ collective owner, Patrick Markert, $19.3 million for allegedly luring prospective borrowers with misleading interest rates and trapping them with inflated appraisal fees.

 
 
Results: 117 Articles found.

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