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Results: 178 Articles found.
Aug 29, 2018 12:30 PM

National Mortgage Settlement Involving Feds, States and Banks Wraps Up

The National Mortgage Settlement between the federal government and 49 states and five of the nation’s largest banks and mortgage servicers has concluded after netting $25 billion in consumer relief and other payments, HousingWire reported Aug. 22. The settlement, announced in February 2012, involved allegations that mortgage documents were being “robo-signed.”

 
Aug 29, 2018 12:30 PM

Fannie, Freddie Drop Pilot Programs That Targeted Single-family Rentals

The Federal Housing Finance Agency announced Aug. 21 that Fannie Mae and Freddie Mac will end their pilot programs for the single-family rental market, HousingWire reported. The government-sponsored enterprises conducted its “test and learn” for a year before determining that the market can function without GSE assistance.

 
Aug 29, 2018 12:30 PM

Oregon Allows Timber High-Rises

Oregon passed an addendum to its building code that allows timber structures to be built higher than six stories without having to apply for special permission — the first state to OK this type of construction, Curbed reported Aug. 21.

 
Aug 22, 2018 12:30 PM

Royal Bank of Scotland to Pay Nearly $5B Over Mortgage Securities Misconduct

The U.S. Justice Department announced Aug. 14 that Royal Bank of Scotland will pay $4.9 billion to settle claims that it misled investors when underwriting and issuing residential mortgage-backed securities leading up to the housing crisis, HousingWire reported. The penalty is the largest ever imposed by DOJ related to the financial crisis.

 
Aug 22, 2018 12:30 PM

High Demand for Warehouse Facilities in Coastal Markets, Report Shows

Coastal markets are reporting significant demand for warehouses between 25,000 and 40,000 square feet, with vacancy rates for such properties hovering around 1 percent for four consecutive quarters, according to real estate services firm Colliers International, National Real Estate Investor reported Aug 13.

 
Aug 22, 2018 12:30 PM

Commercial Real Estate Executives See Balanced, Stable Market: Survey

Commercial real estate is expected to remain “balanced and stable” despite concerns that the market is nearing the end of its current cycle, according to CRE executives who responded to a survey from nonprofit public policy organization the Real Estate Roundtable, MBA NewsLink reported Aug. 15.

 
Aug 21, 2018 12:00 PM

Jim Amorin Named Appraisal Institute CEO

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has hired Jim Amorin, MAI, SRA, AI-GRS, of Austin, Texas, as its chief executive officer after a nearly year-long search.

 
Aug 15, 2018 12:30 PM

North Dakota Seeks Appraisal Waivers for Some Residential Loans: Report

Officials in North Dakota are seeking a temporary appraisal waiver for residential loans up to $500,000, citing a shortage of qualified appraisers, Mortgage Daily reported Aug. 6. The joint request came from Gov. Doug Burgum, the Department of Financial Institutions and the North Dakota Bankers Association. ​

 
Aug 15, 2018 12:30 PM

Fannie Mae No Longer Requires Form 1004MC in Updated Selling Guide

Appraisers are no longer required to use form 1004MC, effective immediately, Fannie Mae announced Aug. 7 when releasing its updated Selling Guide. The change was anticipated and is expected to simplify reporting for appraisers and review for lenders. Appraisers still are responsible for analyzing and accurately reporting market conditions.

 
Aug 15, 2018 12:30 PM

Report Shows Possible Multifamily Downturn, Reveals Market Opportunities

While the multifamily market currently is strong, a downturn is expected over the next three years, making this a good time for both investors and sellers — depending on the city, according to online marketplace Ten-X, HousingWire reported Aug. 6. Houston is the top city for investors, while Miami is the top city for sellers.

 
 
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