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Results: 391 Articles found.
Sep 20, 2017 12:30 PM

Ginnie Mae Investigates Lenders for Targeting Military Members

Ginnie Mae is investigating allegations that lenders pressured current military members and veterans into unnecessary mortgage refinancing in order to reap high fees from the process, Bloomberg reported Sept. 14. The loans in question are tied to Ginnie securities, which support loans made through the U.S. Department of Veterans Affairs.

 
Mar 22, 2017 12:30 PM

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.

 
Mar 08, 2017 12:30 PM

Detroit Offers Buyers Separate Purchase, Renovation Mortgages

Detroit Mayor Mike Duggan on Feb. 18 announced the city's new mortgage program, which allows borrowers to take out two mortgages when buying a home - one for the purchase price and one for renovations - and the combined mortgages can exceed the appraised value of the house, MarketWatch reported.

 
Feb 22, 2017 12:30 PM

Fed Sees CRE Valuations as 'Area of Concern'

Federal Reserve Chair Janet Yellen told Congress Feb. 14 during the central bank's semiannual Monetary Policy Report that commercial real estate valuations have been an increasing area of concern during the past year, Reuters reported. Yellen further noted that commercial property prices are a growing concern.

 
Jan 11, 2017 12:30 PM

Fed Expects Economy to Grow, not Boom Under Trump

Notes from the Federal Reserve's mid-December meeting indicate that Donald Trump's presidency is expected to foster economic growth but not create the boom the president-elect has promised, The New York Times reported Jan. 4. The Fed indicated it will raise rates faster if growth accelerates.

 
Oct 12, 2016 12:30 PM

FHA Updates Single Family Handbook Appraisal Requirements

The Federal Housing Administration on Sept. 30 updated its Single Family Housing Policy Handbook to clarify that appraisers must indicate that certain appliances contributing to the market value of the property are physically present. FHA previously required appraisers to physically observe and operate appliances on the property.

 
Oct 12, 2016 12:30 PM

CFPB Unconstitutional but Still Operational, Court Rules

A federal appeals court on Oct. 11 ruled that the Consumer Financial Protection Bureau's structure was unconstitutional because too much power is assigned to its sole director, Reuters reported. The court said the bureau could continue to operate under the president's supervision.

 
Oct 12, 2016 12:30 PM

Court Orders Government to Release Docs to GSE Investors

The Court of Federal Claims in Washington on Oct. 3 ordered the U.S. government to release documents to Fannie Mae and Freddie Mac investors who sued the government over its decision to seize profits from the government-sponsored enterprises, The New York Times reported. Investors claimed the government's action constituted illegally taking private property.

 
Sep 28, 2016 12:30 PM

Deutsche Bank Challenges $14 Billion MBS Fine

Deutsche Bank is fighting the U.S. Department of Justice over a $14 billion fine to settle claims that it sold soured mortgage-backed securities, Reuters reported Sept. 16. Deutsche had expected a smaller fine; if the larger figure holds, it would be one of the largest paid to U.S. authorities in years.

 
Sep 28, 2016 12:30 PM

Freddie Mac Launches Loan Program for Underserved Communities

Freddie Mac, in partnership with New American Funding and Alterra Home Loans, launched a pilot loan program Sept. 19 called Your Path, which considers a wider range of factors than traditional underwriting methods in order to provide homeownership opportunities for underserved communities, National Mortgage Professional Magazine reported.

 
 
Results: 391 Articles found.

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