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Results: 67 Articles found.
Feb 18, 2015 12:30 PM

Military Members Receive $123 Million for Illegal Foreclosures

Mortgage servicers that are part of the National Mortgage Settlement are required to pay out $123 million in relief to compensate 952 U.S. service members whose homes were illegally foreclosed on, HousingWire reported Feb. 10.

 
Feb 18, 2015 12:30 PM

HUD Secretary Challenged on Mortgage Insurance Premiums

U.S. Department of Housing and Urban Development Secretary Julian Castro was grilled by House Republicans during a Feb. 11 hearing on the Federal Housing Administration’s plan to reduce mortgage insurance premiums, The Hill reported.

 
Feb 11, 2015 12:30 PM

Fannie Clarifies CU Details; AI Wants More Answers

Fannie Mae clarified key details of its new Collateral Underwriter tool in a Feb. 4 lender letter, noting that CU does not accept or reject appraisal reports or characterize such reports as “good” or “bad.” The Appraisal Institute sees the clarifications as a necessary step because it has received numerous questions about CU.

 
Feb 11, 2015 12:30 PM

FHFA: Debt Reductions Possible for Underwater Homeowners

Federal Housing Finance Agency Director Mel Watt said Feb. 4 that he still supports the idea of principal reduction on properties where borrowers owe more than their homes are worth, Bloomberg reported. Watt is working out how to accomplish that goal without passing along the costs to taxpayers.

 
Feb 11, 2015 12:30 PM

Farm and Ranch Land Values Stabilize in 2014

Farm and ranch land values stabilized in 2014 after years of double-digit increases, according to a Feb. 5 report from Farmers National Company, a firm that specializes in farm and ranch land real estate. The biggest drivers for land values remains location and quality.

 
Jan 28, 2015 12:30 PM

Housing Gets Little Attention at State of the Union

During his Jan. 20 State of the Union address, President Obama only briefly mentioned housing and mortgage issues and only when talking about the Federal Housing Administration’s decision to reduce mortgage insurance premiums, MarketWatch reported. Experts say that failure to address the still “broken” housing finance system was a mistake.

 
Jan 28, 2015 12:30 PM

S&P to Pay $77M for Alleged CMBS Misrepresentation

Ratings agency Standard & Poor’s settled with the U.S. Securities and Exchange Commission for $77 million over claims it misled investors on some commercial mortgage-backed securities it rated, Reuters reported Jan. 21. S&P also will be banned from rating any CMBS for one year.

 
Jan 21, 2015 12:30 PM

Homebuyers Willing to Pay More for Solar; AI Aids in Research

Homebuyers are willing to pay more for homes with host-owned solar photovoltaic energy systems, according to a report released Jan. 13 by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory. Two Appraisal Institute professionals contributed to the landmark study as part of a multi-institutional research team.

 
Jan 21, 2015 12:30 PM

CFPB Launches Mortgage Toolkit, Critics Fault Disclosures

Nearly half of all homebuyers don’t shop around for mortgages, the Consumer Financial Protection Bureau reported Jan. 13, and so the agency launched “Owning a Home,” an online toolkit to help consumers navigate the mortgage process. However, the toolkit is being criticized for sharing rates and costs without including required disclosures, HousingWire reported.

 
Jan 21, 2015 12:30 PM

Supreme Court Gives Consumers Mortgage Cancellation Rights

The U.S. Supreme Court gave homeowners an additional opportunity to cancel their mortgages if lenders fail to provide required disclosures, Bloomberg reported Jan. 13. The case centered on a three-year deadline for borrowers wishing to rescind their loans; the justices unanimously agreed that borrowers don’t have to file suit within three years and instead can meet the deadline by sending a letter to lenders.

 
 
Results: 67 Articles found.

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