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Results: 146 Articles found.
Mar 30, 2016 12:30 PM

Idaho Enacts Comprehensive AMC Law

Idaho became the 39th state to enact a comprehensive appraisal management company registration and oversight law when Gov. Butch Otter signed SB 1318 on March 23. The law takes effect July 1, 2017.

Mar 30, 2016 12:30 PM

FHFA: Principal Reduction Is Most Challenging Issue

Federal Housing Finance Agency Director Mel Watt speaking March 21 in Washington said that principal reduction has been the most challenging issue he’s faced during his tenure and that the option could be “off the table entirely,” HousingWire reported.

Mar 30, 2016 12:30 PM

Indiana Governor Signs Evaluation Bill into Law

Indiana Gov. Mike Pence signed SB 300 into law March 21. The bill, which takes effect July 1, deals with who can perform evaluations for financial institutions. View a copy of SB 300.

Mar 23, 2016 12:30 PM

CFPB: Complaints against Lenders Increase, Credit Unions Thrive

Appearing before the House Financial Services Committee March 16, Consumer Financial Protection Bureau Director Richard Cordray stated that complaints against lenders and servicers are increasing and that credit unions are gaining market share, especially in mortgages, at the expense of the big banks - a statement that credit unions refute.

Mar 23, 2016 12:30 PM

Report: TRID Slashes Mortgage Profits

The net gain on mortgages originated by lenders dropped 60 percent during the fourth quarter due to implementation of the TILA-RESPA Integrated Disclosures Rule, according to the Mortgage Bankers Association’s Mortgage Bankers Performance Report, HousingWire reported March 17.

Mar 23, 2016 12:30 PM

FHA Unveils Certification Revisions to Ease Bank Fears

The Federal Housing Administration on March 16 released final revisions to its certification requirements hoping to appease lenders that have stopped making FHA loans or have implemented harsher credit standards, Scotsman Guide reported. Lenders previously expressed concerns that FHA certifications exposed them to buyback demands when loans defaulted.

Mar 16, 2016 12:30 PM

CFPB: Mortgage Credit Remains Too Tight

Consumer Financial Protection Bureau Director Richard Cordray stated in a March 9 speech in Washington that mortgage lending practices have noticeably improved in the years since the financial crisis, but that mortgage credit continues to be too tight, DS News reported.

Mar 16, 2016 12:30 PM

Gap Widens Between Appraiser, Homeowner Value Opinions

The difference between appraiser and homeowner opinions of home value increased during the past month - just as the two sides appeared to be closing the gap, Quicken Loans reported March 8 in its Home Price Perception Index. Appraised values were almost 2 percent lower than homeowner expectations.

Mar 16, 2016 12:30 PM

Mortgage Rates Look Favorable for Spring Home Buying

Average fixed mortgage rates moved higher last week for the second consecutive week, as a solid February employment report boosted Treasury yields, making mortgage rates attractive for the upcoming spring home-buying season, Freddie Mac reported March 10 in its Primary Mortgage Market Survey.

Mar 09, 2016 11:30 PM

FDIC to Banks: Use Valuations to Assess Foreclosures

The Federal Deposit Insurance Corporation on March 2 issued a letter on foreclosure policies and procedures to financial institutions reminding them to obtain the best practicable information on the market value of real estate subject to foreclosure and to use current valuation information to assess the viability of foreclosure proceedings.

Results: 146 Articles found.

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