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Results: 70 Articles found.
Apr 15, 2015 12:30 PM

GE to Sell Real Estate Portfolio

General Electric is nearing a deal to sell its $30 billion real estate portfolio to a group led by private-equity firm Blackstone and Wells Fargo, Reuters reported April 9. The sale would be the largest commercial real estate deal since Blackstone's 2007 purchase of Equity Office Properties Trust.

 
Apr 08, 2015 12:30 PM

Golding Likely to Lead FHA

The White House and the U.S. Department of Housing and Urban Development plan to name senior HUD advisor Edward Golding as head of the Federal Housing Administration, HousingWire reported March 26.

 
Apr 08, 2015 12:30 PM

Credit Program Expected to Impact Millions of Consumers

Financial data firms FICO, LexisNexis Risk Solutions and Equifax announced a pilot program April 1 that potentially could help millions of consumers qualify for mortgages, HousingWire reported.

 
Apr 08, 2015 12:30 PM

Retail Investment Up, Underwriting Standards Down

Investment in retail properties grew 16 percent between 2013 and 2014, and competition among lenders to make retail real estate loans led to a "modest" easing in underwriting standards last year, according to real estate investment firm Marcus & Millichap, MBA NewsLink reported April 2.

 
Apr 01, 2015 12:30 PM

Electronic Appraisal Submissions Coming June 2016

The Federal Housing Administration will require appraisals for single-family homes to be submitted through an online electronic delivery portal starting in June 2016, the U.S. Department of Housing and Urban Development announced March 26.

 
Apr 01, 2015 12:30 PM

Virginia Enacts Law on Reasonable and Customary Fees

Virginia Gov. Terry McAuliffe on March 23 signed into law S.B. 1445, which requires appraisal management companies operating in the state to compensate appraisers at a reasonable and customary rate. ​

 
Apr 01, 2015 12:30 PM

Fannie, Freddie Likely to Remain in Conservatorship

Sen. Richard Shelby, R-Ala., chair of the Senate Banking Committee, said he’d rather leave the government-sponsored enterprises in conservatorship than pass a bill that includes specific government support for the housing market, Bloomberg reported March 25. Bloomberg noted the comments appear to confirm that the GSEs will remain under federal control for years.

 
Mar 25, 2015 12:30 PM

Report: Fannie, Freddie Might Need another Bailout

Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18. The government-sponsored enterprises received a $187 billion taxpayer bailout in 2008.

 
Mar 25, 2015 12:30 PM

AQB Adopts New State Background Check Requirements

The Appraiser Qualifications Board on March 20 adopted significant changes to the background check requirements of the Real Property Appraiser Qualification Criteria. The new requirements are modifications to original background check requirements adopted by the AQB in December 2011, which never took effect. The new requirements will take effect Jan. 1, 2017.

 
Mar 25, 2015 12:30 PM

Fed Prepares for Rate Increase, Downgrades Outlook

The Federal Reserve, citing its confidence in the U.S. economy, set the stage March 18 for its first rate hike since 2006 — at the same time it slightly downgraded its economic outlook, USA Today reported. The Fed said growth “had moderated somewhat” due to several factors, including a sluggish housing market.

 
 
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