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Results: 12 Articles found.

April 2015

Court: Appraisers Don’t Need Access to Homes

The New York State Supreme Court’s Appellate Division in Rochester ruled that the city of Buffalo does not have the right to send appraisers into private homes without approval, the Buffalo News reported Feb. 23. The court said interior inspections violated homeowner privacy.

 

April 2015

Arizona Passes Law Eliminating Appraisal Board

Arizona Gov. Doug Ducey on March 12 signed into law SB 1480, legislation that eliminates the Arizona Board of Appraisal effective July 1. The ABOA’s administrative functions will be reassigned to the Department of Financial Institutions.

 
April 2015

AQB Adopts New State Background Check Requirements

The Appraiser Qualifications Board on March 20 adopted significant changes to the background check requirements of the Real Property Appraiser Qualification Criteria. The new requirements are modifications to original background check requirements adopted by the AQB in December 2011.

 

April 2015

Report: Appraisers, Homeowners Differ on Opinions of Value

Appraisers’ opinions of home values dropped below homeowner estimates in February, the first time in 18 months that appraised value was not higher than homeowner opinion, according to the Home Price Perception Index released March 10 by mortgage lender Quicken Loans.

 
April 2015

Report: Fannie, Freddie Might Need another Bailout

Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18.

 

April 2015

Fed Prepares for Rate Increase, Downgrades Outlook

The Federal Reserve, citing its confidence in the U.S. economy, set the stage March 18 for its first rate hike since 2006 — at the same time it slightly downgraded its economic outlook, USA Today reported. The Fed said growth “had moderated somewhat” due to a sluggish housing market.

 
April 2015

Senators Fight ‘Raiding’ of Fannie, Freddie Fees

A bipartisan group of senators, including members of the Senate Banking committee, are fighting against the federal government’s use of Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending, HousingWire reported March 17.

 

April 2015

Freddie: Strong Start to 2015 Home Sales

The spring homebuying season is off to a strong start, leading experts to believe 2015 will see the strongest home sales and construction since 2007, Freddie Mac reported March 11 in its U.S. Economic and Housing Market Outlook. Helping the market are strong employment figures and rising rents.

 
April 2015

CFPB Director Grilled on QM, Mortgage Regulations

Richard Cordray, director of the Consumer Financial Protection Bureau, faced heavy criticism from the House Financial Services Committee March 3 while presenting his semi-annual report to Congress.

 

April 2015

CFPB Examiners Recover More than $19M for Consumers

The Consumer Financial Protection Bureau released on March 11 its supervision report highlighting legal violations it uncovered, including such mortgage origination and fair lending violations as weak compliance management systems and failure to provide required disclosures.

 
Results: 12 Articles found.

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