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Results: 222 Articles found.
Sep 02, 2020 12:30 PM

GSEs Maintain Appraisal Flexibilities, Forbearance Purchases

The Federal Housing Finance Agency announced Aug. 26 that government-sponsored enterprises Fannie Mae and Freddie Mac will extend its purchases of qualified loans in forbearance and loan origination flexibilities until Sept. 30. The extended flexibilities include alternative appraisals on purchase and rate-term refinance loans.

 
Sep 02, 2020 12:30 PM

All US Homes Have Flood Risk Scores; Results Are Alarming

The nonprofit research and technology group First Street Foundation launched an interactive website that offers flood risk data for more than 142 million U.S. properties, and Realtor.com will includes the scores in its listing information, CNBC reported Aug. 26. The forward-looking First Street data shows that 70% more homes are prone to flood risk that what’s reported by FEMA.

 
Sep 02, 2020 12:30 PM

Nearly 80% of Surveyed Economists Say a Double-dip Recession is Possible

Close to 80% of economists surveyed by the National Association for Business Economics said there’s at least a one-in-four chance of a double-dip recession, according to survey results released Aug. 24, HousingWire reported. Further, nearly 40% of respondents said that the fiscal response from Congress to the COVID-19 pandemic is insufficient.

 
Sep 02, 2020 08:00 AM

New Appraisal Institute Textbook Addresses Time-tested Valuation Principles for Today’s World

In the midst of a global pandemic and social justice concerns, the Appraisal Institute today published “The Appraisal of Real Estate,” 15th edition. The textbook long has been recognized as the valuation profession’s most comprehensive source of information for appraisers and other real estate professionals.​

 
Aug 26, 2020 12:30 PM

AI Seeks to Work with TAF on Alleged Bias in Valuation

The Appraisal Institute on Aug. 20 sent a letter to The Appraisal Foundation offering its support to reinforce existing requirements to help combat potential bias in the appraisal process, specifically citing a need to make the AQB criteria and USPAP more illustrative on such matters.

 
Aug 26, 2020 12:30 PM

FHA Unveils Tech Module for Single-family Appraisals

The Federal Housing Administration on Aug. 18 announced the release of its FHA Catalyst: Electronic Appraisal Delivery module, which will allow lenders to electronically submit, track and manage single-family property appraisals. FHA-approved lenders may begin using the module Sept. 4, at which time lenders can submit appraisal reports and updates for FHA Single-Family Title II forward mortgages.

 
Aug 26, 2020 12:30 PM

Economy Down in Q2, but Q3 Looks Better, and Housing Forecast Upgraded: Fannie Mae

The U.S. economy dropped 32.9% during the second quarter, its largest decline since the aftermath of World War II, but the third quarter should experience a significant rebound, according to commentary released Aug. 17 by Fannie Mae’s Economic and Strategic Research Group. Their expectations for home sales were revised upwards based on overall strength of the sector.

 
Aug 19, 2020 12:30 PM

Ability to Repay Commercial Mortgages Often Overstated: Data

Many commercial mortgage borrowers are struggling to make loan payments, but the coronavirus pandemic is only partly to blame; aggressive lending practices may have overstated borrowers’ ability to repay in 28% of the nearly 40,000 commercial mortgage loans originated between 2013-2019 and totaling $650 billion, according to a University of Texas at Austin study, research firm SSRN reported Aug. 10.

 
Aug 19, 2020 12:30 PM

Confidence in Survival Doubles Among Small Business Owners

Sixty-four percent of small business owners are confident they can survive under current economic conditions compared with only 34% who felt confident in April, according to the Q3 CNBC/Survey Monkey Small Business Survey, CNBC reported Aug. 11. Government relief efforts, community support and technology were cited as key reasons for the renewed optimism.

 
Aug 19, 2020 12:30 PM

Investors Stay Clear of Commercial Property Deals During Second Quarter: CoStar Group

Transaction volumes for commercial properties remained depressed during the second quarter as investors continued to pull back, according to analytics firm CoStar Group, Mortgage Professional America reported Aug. 10. Deals for the second quarter could be down as much as 70% compared to the same point a year ago.

 
 
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