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Results: 1290 Articles found.

July 2016

Fannie Mae Plans Significant Data Release on Modified Loans

Fannie Mae announced June 6 that it will release a huge collection of data on previously modified loans in its portfolio as part of an effort to securitize re-performing loans later this year, HousingWire reported. Fannie plans to release the data in July.

 
July 2016

Freddie: Older Owners to Significantly Impact Housing

Homeowners age 55 and over are expected to significantly reshape the housing market because they control almost $8 trillion of the nation's home equity, they believe homeownership makes financial sense and they prefer to make major renovations allowing them to age in place, Freddie Mac reported June 8.

 

July 2016

Appraisal Institute Seeks Improvements to FHA Appraisal Operations

The Appraisal Institute on June 9 submitted a letter to the Federal Housing Administration clarifying its concerns relative to the Single Family Housing Policy Handbook, 4000.1.

 
July 2016

USDA Final Rule on B&I Loans Raises Appraisal Threshold

The U.S. Department of Agriculture's Rural Business-Cooperative Service on June 3 released its final rule that makes changes to its Business and Industry Guaranteed Loan Program to improve program delivery, clarify regulations and reduce delinquencies. Additionally, the final rule raises the appraisal requirement threshold.

 

July 2016

GSE Single Security on Track for This Year

Freddie Mac is expected to go live with its common securitization platform later this year while Fannie Mae will follow in 2018, Mortgage Orb reported June 1. The government-sponsored enterprises designed the single-security platform to enhance liquidity and stability in the secondary market.

 
July 2016

Fannie Mae Delays Desktop Underwriter Update

Fannie Mae announced June 21 that it will delay until late September its updates to the Desktop Underwriter program. The updates, which originally were slated for June 25, should provide more certainty to lenders while expanding access to credit and homeownership to a larger pool of borrowers.

 

July 2016

Report: Single-family Home Rental on the Rise

Single-family rental homes make up 13 percent of all occupied housing and 37 percent of the total rental market, and the segment is poised to continue growing, according to a National Rental Home Council white paper, HousingWire reported June 8.

 
July 2016

Republicans Detail Plan to Overhaul Dodd-Frank

Rep. Jeb Hensarling (R-Texas), chair of the House Financial Services Committee, on June 7 detailed a plan to dismantle major portions of the Dodd-Frank Act, The New York Times reported. The proposed Financial Choice Act would take significant authority away from regulators who oversee some of the nation's largest financial institutions.

 

July 2016

3 States See Action on AMC Legislation

Minnesota, Louisiana and Illinois all took action in late May on legislation concerning appraisal management companies, the Appraisal Institute reported June 8. The governors in two states signed AMC legislation into law while a third governor is reviewing the legislation proposed in his state.

 

July 2016

Wells Fargo Fined $70M over Mortgage Servicing

The U.S. Comptroller of the Currency on May 25 fined Wells Fargo $70 million over its mortgage servicing practices but ended restrictions it had placed on the bank, Reuters reported. The bank is accused of making inaccurate escrow calculations resulting in incorrect loan modification denials.

 
Results: 1290 Articles found.

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