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Results: 154 Articles found.
Aug 27, 2014 12:30 PM

Congress Challenges Fed Bailout Procedures

Lawmakers sent a letter to Federal Reserve Chair Janet Yellen in which they requested she rewrite the Fed’s proposed rule on bailing out banks considered “too big to fail,” HousingWire reported Aug. 18.​

 
Aug 26, 2014 08:00 AM

Appraisal Institute Unveils Standards of Valuation Practice

The nation’s largest professional association of real estate appraisers today announced to global users of real estate valuation services the availability of its Standards of Valuation Practice. The SVP can serve as an alternative for valuation professionals where national or other standards are not required.

 
Aug 20, 2014 12:30 PM

CFPB Fines Lender, AMC for Inflated Appraisal Fees

The Consumer Financial Protection Bureau announced Aug. 12 that it fined mortgage lender Amerisave Mortgage Corp., its affiliate, Novo Appraisal Management Company, and the organizations’ collective owner, Patrick Markert, $19.3 million for allegedly luring prospective borrowers with misleading interest rates and trapping them with inflated appraisal fees.

 
Aug 20, 2014 12:30 PM

Fannie Mae: 80 Percent of Lenders Avoid Non-QM Loans

The Consumer Financial Protection Bureau’s Qualified Mortgage and Ability-to-Repay mortgage regulations that took effect in January have had little impact on lenders’ strategies so far, but most anticipate a tough environment going forward, according to an Aug.14 Fannie Mae survey of 2,000 senior executives from its list of approved lenders.

 
Aug 20, 2014 12:30 PM

Freddie Mac: Housing Market on Path to Normal

The nation’s economy is stabilizing and the housing market is expected to return to a more normal state driven by fundamentals such as labor market gains and unemployment rates, Freddie Mac reported Aug. 13 in its U.S. Economic and Housing Market Outlook for August.

 
Aug 14, 2014 08:00 AM

New Appraisal Institute Book Supports Development of Market Analysis

The analysis of real estate markets is a core skill of modern appraisal and is critical for risk management in the marketplace, according to a new book from the nation’s largest professional association of real estate appraisers.

 

FHA Commissioner Galante Stepping Down/ galante

Federal Housing Administration Commissioner Carol Galante announced Aug. 11 that she will be leaving the U.S. Department of Housing and Urban Development and stepping down from her role as assistant secretary for housing at the end of this year, HousingWire reported.

 

Federal Regulators Critical of Bank Living Wills

The Federal Reserve and Federal Deposit Insurance Corporation criticized 11 of the nation’s biggest banks Aug. 5 for their failure to create adequate plans for dismantling themselves in the event of a financial crisis in a way that would not be harmful to the overall financial system, USA Today reported.​

 
Aug 13, 2014 12:30 PM

Report: Banks Making Fewer Loans Due to New Mortgage Rules/ mortgage scrutiny

The Federal Reserve Board released a survey Aug. 4 in which it reported that some banks are making fewer loans because of new qualified mortgage rules enacted by the Consumer Financial Protection Bureau in January, National Mortgage News reported.

 
Aug 08, 2014 01:59 PM

Appraisal Institute Honors 8 National Award Winners

Peter D. Bowes, MAI, of Denver and Reaves C. Lukens Jr., MAI, SRA, of Gladwyne, Pennsylvania, were honored with the Lifetime Achievement Award and Michael G. Miller, MAI, SRA, AI-GRS, of Richmond, Virginia, and Charles J. Lentz, MAI, of Orlando, Florida, were named the recipients of the Outstanding Service Award during the Appraisal Institute Annual Meeting Wednesday in Austin, Texas.

 
 
Results: 154 Articles found.

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