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Results: 102 Articles found.
Apr 23, 2014 12:30 PM

Fannie Mae Updates Appraisal Policies

On April 15, Fannie Mae announced updates to its Selling Guide that affect appraisal policies relating to appraisal updates, required photos and acceptable comparable properties. The changes, which are effective immediately, follow a comprehensive review of the Guide’s appraisal requirements chapters.​

 
Apr 23, 2014 12:30 PM

Senate May Delay Vote on GSE Reform

The Senate Banking Committee may delay a pending vote on reform of government-sponsored enterprises Fannie Mae and Freddie Mac as it looks to acquire further votes, National Mortgage News reported April 14.

 
Apr 23, 2014 12:30 PM

Housing Industry Tires of Waiting on Direction from FHFA Chief

Lawmakers and those involved in the nation’s housing industry remain frustrated by a lack of communication and guidance from the office of Mel Watt, who took over as director of the Federal Housing Finance Agency in January, regarding his plans for Fannie Mae and Freddie Mac, Reuters reported April 14.​

 
Apr 16, 2014 12:30 PM

Appraiser, Lender Feedback Sought for New FHA Handbook

On April 8, the U.S. Department of Housing and Urban Development asked appraisers, lenders and other stakeholders to provide feedback on its new Federal Housing Administration handbook, which will serve as a consolidated resource for the agency’s single-family housing policy. The comment period will last 30 days.

 
Apr 16, 2014 12:30 PM

FHFA, Chicago Settle Feud over Vacant Property

The Federal Housing Finance Agency and the city of Chicago settled their nearly three-year legal battle over Chicago’s vacant property ordinance that requires mortgagees to register, secure and maintain foreclosed properties, HousingWire reported April 8.

 
Apr 16, 2014 12:30 PM

FHA Reconsidering Spot Loans for Condos

Condominium owners in buildings that are not approved for Federal Housing Administration lending may soon be able to obtain “spot loans,” which the agency banned nearly four years ago, Inman News reported April 8.

 
Apr 09, 2014 12:30 PM

Report: CFPB Slow to Complete Bank Examinations

The Office of the Inspector General for the Federal Reserve reported that the Consumer Financial Protection Bureau took too long to complete bank and non-bank examination reports and failed to meet its own timeline when offering feedback to financial institutions on their compliance with the Dodd-Frank Act, Bloomberg reported April 1.

 
Apr 09, 2014 12:30 PM

Lawsuits Targeting Appraisal Reviews on the Rise

The frequency of negligence claims against appraisers for work performed at the height of the real estate bubble is winding down, but as this occurs, new areas of litigation are emerging and focusing on appraisal review, according to an article published in the First Quarter 2014 issue of Valuation magazine.​

 
Apr 09, 2014 12:30 PM

Mortgage Complaints Skyrocket in 2013

The Consumer Financial Protection Bureau received 163,700 consumer complaints in 2013, almost double the amount it received in 2012, and mortgages were the most groused about item, accounting for 37 percent of all complaints, according to the 2013 Consumer Response Annual Report released March 31.

 
Mar 26, 2014 12:30 PM

Regulators Propose Supervision Requirements for AMCs

Six federal agencies jointly issued a proposed rule March 24 that would implement minimum requirements for state registration and supervision of appraisal management companies.

 
 
Results: 102 Articles found.

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