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Results: 85 Articles found.
May 20, 2015 12:30 PM

Nomura, RBS Settle with FHFA over ‘Enormous Deception’

Financial holding company Nomura Holdings and the Royal Bank of Scotland will pay $806 million in damages to the Federal Housing Finance Agency for exhibiting “enormous deception” in the sale of allegedly flawed mortgage-backed securities to Fannie Mae and Freddie Mac, Bloomberg reported May 15.

 
May 13, 2015 12:30 PM

Report: Mortgage Fraud Up, Valuation Fraud Down

The Mortgage Fraud Risk Report released May 5 by risk management firm Interthinx showed that mortgage fraud during the fourth quarter 2014 was up slightly from the previous quarter while valuation fraud saw a slight 2 percent drop during the same reporting period.

 
May 13, 2015 12:30 PM

FHA Delays Revised Single-family Handbook

The U.S. Department of Housing and Urban Development announced April 30 that stakeholder concerns have delayed by three months implementation of the revised Single Family Housing Policy Handbook. Policies in the handbook now will take effect Sept. 14.

 
May 13, 2015 12:30 PM

Survey: Consumers Positive, Cautious on Housing

Consumers want to purchase homes, but rising house prices have convinced them now isn't a good time to buy, according to the April 2015 National Housing Survey released May 7 by Fannie Mae. Overall, the survey showed improved housing sentiment, but not enough to trigger any breakout housing market activity.​

 
May 06, 2015 12:30 PM

Final Rule Released on Minimum Requirements for AMCs

The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, the Consumer Financial Protection Bureau and the Federal Housing Finance Agency issued a final rule April 30 that implements minimum requirements for state registration and supervision of appraisal management companies.​

 
May 06, 2015 12:30 PM

Expanded Fiduciary Rule Addresses Appraisals, Seeks Comments

The U.S. Department of Labor is seeking comment by July 6 on its proposed rule to change who is considered a fiduciary of a qualified plan, IRA or health savings account. A more expansive proposal was released in 2010, but it faced significant pushback and was quickly withdrawn.

 
May 06, 2015 12:30 PM

SBA Issues Revised Appraisal Policies

The U.S. Small Business Administration on May 1 issued revised appraisal policies for change-in-ownership transactions involving special-purpose properties. The SBA removed requirements for business valuation credentials and repositioned such scenarios as real property-centric valuation scenarios.

 
Apr 29, 2015 12:30 PM

Report says US Land Worth Nearly $23 Trillion

The estimated value for the 1.89 billion acres of land that comprise the 48 contiguous states and the District of Columbia is $22.98 trillion, according to U.S. government economist William Larson, The Wall Street Journal reported April 22.

 
Apr 29, 2015 12:30 PM

US Sues Quicken Loans over FHA Loan Violations

The U.S. Department of Justice filed suit against Quicken Loans alleging it improperly originated and underwrote loans insured by the Federal Housing Administration from September 2007 to December 2011, HousingWire reported April 23.

 
Apr 29, 2015 12:30 PM

Treasury: Fannie, Freddie Bailout Not a Loan

The U.S. Department of the Treasury responded to questions from Sen. Charles Grassley, R-Iowa, about the $187.5 billion taxpayer bailout of Fannie Mae and Freddie Mac in 2008 by reporting it wasn’t a loan but an investment on which taxpayers are now being compensated, The Wall Street Journal reported April 21.

 
 
Results: 85 Articles found.

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