Choose your path
After taking $1.7 billion in taxpayer funds last year to balance its books, the Federal Housing Administration is close to replenishing its troubled insurance fund to minimum required levels, according to a report by ratings firm Moody’s Analytics, Bloomberg reported Oct. 16.
The U.S. Securities and Exchange Commission approved a rule change that provides investors with greater insight into the costs of unlisted real estate investment trusts, Investment News reported Oct. 14. The change allows the use of two methodologies, including appraised value.
A plan announced by the Federal Housing Finance Agency Oct. 20 would clarify the representation and warranty framework for Fannie Mae and Freddie Mac so as to limit lender confusion and liability on loan buybacks, HousingWire reported.
Properties impacted by contamination raise challenging appraisal issues, according to a new book from the nation’s largest professional association of real estate appraisers.
The Federal Reserve's Office of the Inspector General faulted the regulatory agency for poorly preparing, managing and executing settlements in 2013 with 13 financial firms over foreclosure errors, Bloomberg reported Oct. 2.
Home prices nationwide are undervalued by an average 3 percent, the real estate site Trulia reported Oct. 1. Conversely, the report noted that around 7 percent of the nation's 100 largest metro areas have homes that are more than 10 percent overvalued.
A judge dismissed a lawsuit Sept. 30 that challenged the way profits from Fannie Mae and Freddie Mac were funneled to the U.S. Department of the Treasury, Mortgage News Daily reported. The lawsuit was filed by investors who claimed the profit-funneling violated terms of the 2008 conservatorship agreement for the government-sponsored enterprises.
When appraising obsolete railroad corridors, each element of the land’s value as-is must be deconstructed in order to develop a credible opinion of value for the land, according to an article published this week in The Appraisal Journal.
The U.S. Department of Veterans Affairs announced Sept. 2 that it now requires appraisers to include Fannie Mae Form 1004MC, Market Conditions Addendum, in all VA appraisal reports.
The Appraisal Foundation’s Appraisal Standards Board has issued a third exposure draft of proposed changes to its 2016-17 edition of the Uniform Standards of Professional Appraisal Practice, and is seeking feedback on the proposed changes by Oct. 10.
Pop up content here.