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Results: 12 Articles found.

January 2016

HUD Warns of Fraudulent, Inflated Reverse Mortgage Appraisals

The Office of the Inspector General for the U.S. Department of Housing and Urban Development on Nov. 30 warned of fraudulent appraisals being used to boost loan amounts for the refinancing of HUD's Home Equity Conversion Mortgages, HousingWire reported. Some appraised values were inflated by 60 to 100 percent more than actual market values.

 

January 2016

Report: Gap between Appraiser, Homeowner Opinions Continues to Decline

The difference between appraiser and homeowner opinions of home value shrank for the third consecutive month, but the November Home Price Perception Index released Dec. 8 by Quicken Loans is the 10th consecutive index in which homeowners' expectations of value exceeded appraisers' opinions of value.

 
January 2016

Study: ‘Unmanageable’ Student Debt Stifling Homeownership

An “unmanageable” amount of student loan debt appears to be preventing many millennials from becoming first-time homebuyers, according to a study released Nov. 20 by the Joint Center for Housing Studies at Harvard University, MBA NewsLink reported.

 

January 2016

Report: More Than 90 Percent of Mortgage Loans Have TRID Violations

A review of new mortgage loans revealed that more than 90 percent showed compliance violations with the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule, according to a Dec. 10 report from Moody's Investors Service, HousingWire reported.

 
January 2016

Survey: Raising Appraisal Limits Could Hurt Consumers

More than 80 percent of bank appraisers think that reducing the number of loans requiring an appraisal could increase risk to borrowers, according to an Appraisal Institute survey released Dec. 2.

 

January 2016

Top Housing Markets to Watch in 2016

Providence, Rhode Island, sits atop the National Association of Realtors' list of real estate markets to watch in 2016, chief economist Jonathan Smoke reported Dec. 2 in his 2016 Housing Forecast. Providence is one of 10 markets expected to see substantial growth in home prices and sales.

 
January 2016

Quicken Loans May Ditch FHA Loan Program

Quicken Loans is considering leaving the Federal Housing Administration's first-time homebuyer program after voicing concerns about the FHA's methods for resolving unpaid loan obligations, Reuters reported Dec. 2. Quicken joins JPMorgan Chase, Bank of America and Wells Fargo in voicing frustration with the program.

 

January 2016

Suburban Spread Continues

The rate at which Americans moved to the suburbs slowed down following the Great Recession, but the "later suburbs" - those with homes built in 1980 or later - continue to attract the largest proportion of people leaving major metros, according to the Census Bureau's American Community Survey, New Geography reported Dec. 11.

 
January 2016

Google Launches Mortgage Comparison Tool

Google is rolling out a mortgage comparison tool through its Compare service, a move that will give homebuyers another way in which to shop for a mortgage, HousingWire reported Nov. 23. The comparison tool currently is available only in California, with more states to follow.

 

January 2016

FHA to Increase Some Loan Limits in 2016

The Federal Housing Administration announced Dec. 9 that it will raise loan limits in 188 counties in 2016, HousingWire reported. However, loan limits in "high-cost" areas will remain at the national ceiling of $625,500 and limits for "low-cost" areas will stay at $271,050.

 
Results: 12 Articles found.

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