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Results: 152 Articles found.
Jul 09, 2014 12:30 PM

Report: Property Valuation Fraud Risk Rises Nationwide

Property valuation fraud risk increased during the first quarter, and indicators suggest that the rise of properties being appraised well above traditional valuation thresholds in order to create “equity” is a contributing factor, analytics firm Interthinx reported July 2 in its 1Q 2014 Valuation Fraud Risk Index.

 
Jul 09, 2014 12:30 PM

Fed Chair Urges Stronger Regulation

Federal Reserve Chair Janet Yellen said in a July 2 speech to the International Monetary Fund in the District of Columbia that she thinks stronger regulation is necessary to preserve financial stability, and that raising interest rates would be a second line of defense and unnecessary at this time, The New York Times reported.

 
Jul 09, 2014 12:30 PM

FHFA: Nonbank Mortgage Servicers Lack Sufficient Funds, Pose Financial Risk

The Federal Housing Finance Agency said that nonbank mortgage servicers that process payments on delinquent loans may lack sufficient funding and could pose a financial risk for Fannie Mae and Freddie Mac, which guarantee the mortgages, The Wall Street Journal reported July 1.

 
Jul 08, 2014 08:00 AM

Appraisal Institute Supports USGBC’s ‘Green’ Home Report Findings

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced its support for a U.S. Green Building Council report released June 19 that found green labeled homes can sell at higher prices.

 
Jul 02, 2014 12:30 PM

Inspector General: FHFA Should Sue Over Forced-placed Insurance

The Federal Housing Finance Agency’s Inspector General said the agency should sue forced-placed insurance companies and large banks for inflating prices and causing losses for Fannie Mae and Freddie Mac, Mortgage Servicing News reported June 25.

 
Jul 02, 2014 12:30 PM

Hawaii Mandates Transparency for Appraisers Acting as Arbitrators

An alleged "lack of openness and transparency" in the oversight of appraisers who act as arbitrators led Hawaii lawmakers to enact legislation that took effect July 1 that requires arbitration awards, records of award and related supporting materials to be public records, Valuation Review reported.

 
Jul 02, 2014 12:30 PM

New Bill Changes Louisiana Appraisers Law, Board

Louisiana Gov. Bobby Jindal signed into law a new bill that takes effect Aug. 1 and makes multiple changes to the state's Real Estate Appraisers Law, including provisions related to examination applications, experience review and license renewal and continuing education requirements, among others, Valuation Review reported.

 
Jun 18, 2014 12:30 PM

Bank of America, Justice Department Reach Impasse

Bank of America and the U.S. Department of Justice failed to reach an agreement on a multibillion-dollar settlement that would resolve state and federal investigations into the bank’s sale of failed mortgage-backed securities, The New York Times reported June 10. The case now heads to trial with the Justice Department seeking $17 billion.

 
Jun 18, 2014 12:30 PM

Freddie to Host Multifamily Appraisal Webinar

Freddie Mac will host a webinar June 26 that will highlight upcoming changes to its multifamily appraisal requirements. Freddie’s new requirements, which take effect July 1, will address tying together an appraiser’s multifamily data with their conclusions.

 
Jun 18, 2014 12:30 PM

Fight Brewing over Small Business Tax Write-offs

A $73.1 billion tax reduction bill passed by the U.S. House of Representatives June 12 would allow small businesses to write-off capital purchases more quickly, Bloomberg reported. The House voted to revive the provision that lapsed at the close of 2013; the White House, however, opposes the bill.

 
 
Results: 152 Articles found.

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