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Results: 10 Articles found.

May 2016

Lenders ‘Pouring Money’ into Affordable Housing

Banks are becoming "incredibly aggressive" when loaning money to affordable housing developers, and both Fannie Mae and Freddie Mac have greatly stepped up efforts in this sector, National Real Estate Investor reported March 30.

 

May 2016

Collateral Underwriter Updates Coming this Month

Fannie Mae announced April 11 that Collateral Underwriter Version 3.2 will launch May 21. The biggest change is the addition of CU appraisal-sharing functionality that lets aggregators access their correspondents' appraisal results in the web application. Other updates include user interface enhancements and new help center phone numbers.

 
May 2016

DOL Fiduciary Rule: Short-term Victory, Long-term Opportunity

The U.S. Department of Labor on April 6 released its final rule on "Conflicts of Interest" regarding advisors to retirement savings accounts. The Appraisal Institute views the rule as a victory for its professionals because all appraisal provisions were removed.

 

May 2016

Wells Fargo Reaches Largest Settlement in FHA History

Wells Fargo and the U.S. Department of Justice on April 8 reached a $1.2 billion settlement over claims the bank made about certain residential home mortgage loans being eligible for Federal Housing Administration insurance when they actually were ineligible, HousingWire reported.

 
May 2016

Apartment Vacancies, Rents Increase

Apartment vacancy rates during the first quarter increased for the third consecutive quarter, and asking and effective rents also rose during the same period, according to analytics firm Reis, MBA NewsLink reported April 13. The firm noted that it expects the trend to continue for five more years.

 

May 2016

Goldman Sachs Reaches $5 Billion MBS Settlement

Goldman Sachs and the U.S. Department of Justice on April 11 agreed to a $5 billion settlement that resolves claims related to the bank's sale of toxic residential mortgage-backed securities to investors, HousingWire reported.

 
May 2016

FHFA: Principal Reduction Coming

The Federal Housing Finance Agency on April 14 announced a principal reduction program for certain consumers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac, HousingWire reported. Calling it the final "crisis-era modification program," the FHFA indicated that only around 33,000 borrowers will qualify for the program.

 

May 2016

Treasury Allocates Additional $1B to Aid Struggling Homeowners

The U.S. Department of the Treasury announced April 20 that it would allocate $1 billion to help struggling homeowners in 13 states, HousingWire reported. An initial $1 billion previously was allocated to 18 states as part of Treasury's Hardest Hit Fund, which was created in 2010 to help stabilize neighborhoods.

 
May 2016

First-time Homebuyers Saving Longer, Buying Larger

Three quarters of first-time homebuyers are foregoing the smaller starter home and choosing to save more money so they can purchase a larger home that meets long-term needs, according to Bank of America's Homebuyer Insights Report, BusinessWire reported April 6.

 

May 2016

Report: CFPB Ability-to-pay Rule Goes Unused

The Consumer Financial Protection Bureau's Ability-to-Pay rule, which provides borrowers with increased protections against harmful lending practices, hasn't seen any borrower claims since its January 2014 launch, according to a report from ratings agency Fitch Ratings, MBA NewsLink reported April 20.

 
Results: 10 Articles found.

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