Shopping Cart
Welcome,   My Account

ru

ru

 

Category:
Results: 10 Articles found.

April 2016

FDIC to Banks: Use Valuations to Assess Foreclosures

The Federal Deposit Insurance Corporation on March 2 issued a letter on foreclosure policies and procedures to financial institutions reminding them to obtain the best practicable information on the market value of real estate subject to foreclosure and to use current valuation information to assess the viability of foreclosure proceedings.

 

April 2016

FHA Unveils Certification Revisions to Ease Bank Fears

The Federal Housing Administration on March 16 released final revisions to its certification requirements hoping to appease lenders that have stopped making FHA loans or have implemented harsher credit standards, Scotsman Guide reported. Lenders previously expressed concerns that FHA certifications exposed them to buyback demands when loans defaulted.

 
April 2016

Indiana Law Allows Appraisers to Perform Evaluations

Indiana Gov. Mike Pence signed SB 300 into law March 21. The bill, which takes effect July 1, deals with who can perform evaluations for financial institutions.

 

April 2016

Idaho Enacts Comprehensive AMC Law

Idaho became the 39th state to enact a comprehensive appraisal management company registration and oversight law when Gov. Butch Otter signed SB 1318 on March 23. The law takes effect July 1, 2017.

 
April 2016

Report: TRID Slashes Mortgage Profits

The net gain on mortgages originated by lenders dropped 60 percent during the fourth quarter due to implementation of the TILA-RESPA Integrated Disclosures Rule, according to the Mortgage Bankers Association’s Mortgage Bankers Performance Report, HousingWire reported March 17.

 

April 2016

CFPB: Mortgage Credit Remains ‘Too Tight’

Consumer Financial Protection Bureau Director Richard Cordray stated in a March 9 speech in Washington that mortgage lending practices have noticeably improved in the years since the financial crisis, but that mortgage credit continues to be too tight, DS News reported.

 
April 2016

CFPB: Complaints against Lenders Increase, Credit Unions Thrive

Appearing before the House Financial Services Committee March 16, Consumer Financial Protection Bureau Director Richard Cordray stated that complaints against lenders and servicers are increasing and that credit unions are gaining market share, especially in mortgages, at the expense of the big banks - a statement that credit unions refute.

 

April 2016

Gap Widens Between Appraiser, Homeowner Value Opinions

The difference between appraiser and homeowner opinions of home value increased during the past month - just as the two sides appeared to be closing the gap, Quicken Loans reported March 8 in its Home Price Perception Index. Appraised values were almost 2 percent lower than homeowner expectations.

 
April 2016

Home Values Influenced by Famous Architects

A study of single-family homes designed, built or heavily retouched by eight famous architects showed that properties from John Lautner had the highest median selling price at $3.47 million, Realtor.com reported March 14. Other top sellers were homes by Philip Johnson and Richard Neutra.

 

April 2016

Western States Dominate February Home Sales

Posting a 39 percent increase in monthly home sales, the Western region is the only one where sales were up last month - the rest of the country experienced relatively scant sales activity, according to the U.S. Census Bureau, MBA NewsLink reported March 24.

 
Results: 10 Articles found.

Pop up content here.

Agree Disagree
close (X)