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Results: 10 Articles found.

April 2017

HUD Issues Fraud Alert for Appraiser Identity Theft

The U.S. Department of Housing and Urban Development's Office of Inspector General issued a Fraud Alert on Feb. 22 after uncovering a series of appraiser identity theft cases.

 
April 2017

Appraisal Institute Urges Caution on Appraisal Threshold

The Appraisal Institute on March 21 responded to the Federal Financial Institutions Examination Council's Joint Report to Congress by cautioning federal regulators against increasing from $250,000 to $400,000 the appraisal threshold for commercial real estate transactions. The report indicated the threshold for residential real estate transactions would remain unchanged.

 

April 2017

Agency Report Delayed, Appraisal Questions Unanswered

Questions concerning appraisals and appraisal threshold levels remain unanswered more than two years after outreach and requests for comments were initiated by federal bank regulatory agencies regarding the final report they're required to submit to Congress that outlines potential regulatory relief for banks, the Appraisal Institute reported March 15.

 
April 2017

Fannie, Freddie Reportedly Could Require another Bailout

Fannie Mae and Freddie Mac continue to lose capital because the U.S. Department of the Treasury takes most of the government-sponsored enterprises' earnings, an action that could necessitate another bailout, Politico reported Feb. 27. The Trump administration's plans for corporate tax reform could cause the GSEs to take large write-downs.

 

April 2017

Will Deregulation Spur Big Banks to Rejoin Mortgage Market?

JPMorgan Chase and Bank of America are two big banks that have stopped issuing mortgage loans, but deregulation under the Trump administration could prompt large financial institutions to re-enter this lending space, CNBC reported Feb. 21. One big draw: deregulation may end the practice of forcing banks to repay soured loans.

 
April 2017

7 California Cities Among Hottest Housing Markets: Realtor.com

Vallejo, California, tops the list of hottest residential real estate markets for February, Realtor.com reported Feb. 23. Seven cities in the Golden State made the top 10. Other hot spots: San Francisco and San Jose.

 

April 2017

CoreLogic Reports Potentially ‘Significant’ Mortgage Fraud Increase

Mortgage fraud could increase significantly this year due to rising risk in purchase transactions and an increase in such transactions overall, CoreLogic reported Feb. 16 in its Fraud Index report. Mortgage fraud has been relatively low since strong lending controls were put in place following the financial crisis.

 
April 2017

Treasury Expands Money Laundering Investigation over Home Sales

Title insurance companies in designated geographic areas are now required to identify the person behind shell companies that pay cash for high-end U.S. residential real estate as part of the U.S. Department of the Treasury's Financial Crimes Enforcement Network's expanded investigation into money laundering, HousingWire reported Feb. 24.

 

April 2017

Baby Boomers Buying Multigenerational Homes: NAR

A growing number of baby boomers are buying homes they intend to share with their adult children, the National Association of Realtors reported March 7 in its Home Buyer and Seller Generational Trends study. Twenty percent of boomers reported purchasing a multigenerational home, up from 16 percent last year.

 
April 2017

Real Estate Markets Suffer Without Flood Insurance Program: FEMA

The Senate Banking Committee on March 14 held the first of several hearings on reauthorizing the National Flood Insurance Program. Roy E. Wright, deputy associate administrator for insurance and mitigation for the Federal Emergency Management Agency, testified that failure to reauthorize NFIP could hurt real estate and mortgage markets.

 
Results: 10 Articles found.

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