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Results: 137 Articles found.
Jul 08, 2015 12:30 PM

CalPERS Pension to Sell $3 Billion in Real Estate Holdings

The California Public Employees’ Retirement System, the nation’s largest pension, intends to sell up to $3 billion of its real estate portfolio as part of a broader cost-cutting plan, Bloomberg reported June 30. The $303 billion fund could sell up to12 percent of its $25.5 billion commercial real estate holdings.

Jul 08, 2015 12:30 PM

Small Lender Loan Purchases Rise as G-fees Drop

The percentage of loans that Fannie Mae and Freddie Mac purchased from small lenders grew significantly in 2014 as the guarantee fees they charge small lenders decreased, the Federal Housing Finance Agency reported June 30. The government-sponsored enterprises charge lenders G-fees as compensation for guaranteeing timely payment of principal and interest.

Jul 08, 2015 12:30 PM

Coalition Challenges Corporate Sustainability Standards

A coalition of real estate stakeholders sent a letter June 30 to the Sustainability Accounting Standards Board challenging its attempt to create corporate reporting standards for property companies’ sustainability efforts. The letter noted that the proposed standards seem inconsistent with current economic and market trends driving sustainability programs.

Jul 01, 2015 12:30 PM

Report: Risk of Valuation Fraud Up, Mortgage Fraud Down

The overall risk of mortgage fraud, which includes valuation, identity, occupancy and employment/income fraud, dropped 4 percent between 2013 and 2014, but the specific risk of valuation fraud increased 17 percent during the same reporting period, analytics firm Interthinx reported June 25 in its Mortgage Fraud Risk Report.

Jul 01, 2015 12:30 PM

Fair Housing Act Claims can Include Disparate Impact

The U.S. Supreme Court announced June 25 its decision that the legal doctrine of disparate impact is recognizable under the Fair Housing Act, HousingWire reported. Disparate impact refers to policies, practices or rules that appear to be neutral but have a discriminatory effect.

Jul 01, 2015 12:30 PM

Fannie Mae Drops Desktop Underwriter Fee

Fannie Mae announced June 23 that it eliminated the fee for its Desktop Underwriter mortgage underwriting system and Desktop Originator tool, HousingWire reported. The government-sponsored enterprise also indicated it would soon unveil a new loan delivery system.

Jun 30, 2015 08:00 AM

New Appraisal Institute Book Cites Unique Demands for Valuing Auto Dealerships

Auto dealerships are unique property types whose characteristics can make valuation fun but challenging, according to a new book from the nation’s largest professional association of real estate appraisers. ​

Jun 23, 2015 08:00 AM

Valuing Excess Land Creates Challenges for Appraisers: The Appraisal Journal

Appraisers tasked with valuing excess land are often met with unique challenges for developing opinions of the value for the unneeded tract, according to an article published this week in The Appraisal Journal.

Jun 10, 2015 12:30 PM

CFPB Institutes Grace Period on TRID Enforcement

The TILA-RESPA Regulated Disclosure requirements will still be implemented Aug. 1, but the Consumer Financial Protection Bureau announced an open-ended grace period during which it would delay enforcement so mortgage lenders can get up to speed, HousingWire reported June 3.

Jun 10, 2015 12:30 PM

Supreme Court Upholds Second Mortgages in Bankruptcies

The U.S. Supreme Court ruled June 1 that a debtor in a Chapter 7 bankruptcy proceeding cannot cancel a second mortgage lien when the home used as collateral is underwater on its first mortgage lien, HousingWire reported.

Results: 137 Articles found.

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