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Results: 409 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.

 
Nov 23, 2016 12:30 PM

Appraiser Regulatory Requirements 'Stuck in the Past,' Luetkemeyer Says

After hearing the Appraisal Institute testify Nov. 16 before the Housing and Insurance Subcommittee about how appraisers are being choked by rules and regulations, Subcommittee Chair Blaine Luetkemeyer, R-MO, said that the regulatory requirements for appraisers remain "stuck in the past" and that the system is "unnecessarily complicated and outdated."

 
Nov 23, 2016 12:30 PM

GAO Says Fed Stress Test Framework is Flawed

The Government Accountability Office reported Nov. 15 that Dodd-Frank Act Stress Tests for Federal Reserve-supervised banking institutions and the Comprehensive Capital Analysis and Review for bank holding companies lack transparency and have scenario design flaws and problems with model-risk management, ABA Banking Journal reported.

 
Nov 23, 2016 12:30 PM

New IRS Rules Impact Common REIT Transactions: Report

The U.S. Department of the Treasury and the IRS issued temporary regulations that changed the rules for leveraged partnership transactions, UPREIT and DownREITS, National Real Estate Investor reported Nov. 14. The regulations are expected to adversely impact tax planning techniques that were allowed by previous regulations.

 
Nov 16, 2016 12:30 PM

Trump Administration Could Gut CFPB, Repeal Dodd-Frank

An incoming Republican president and Republican-controlled House and Senate could have a significant impact on the Consumer Financial Protection Bureau and the Dodd-Frank Act, HousingWire reported Nov. 9. CFPB could see a change in structure or be completely eliminated, while the Dodd-Frank Act could be repealed.

 
Nov 16, 2016 12:30 PM

Congress Hears Appraisal Institute Ideas to Modernize Regulation

The Appraisal Institute told a Congressional hearing Nov. 16 there is a “better, less-complicated approach” that would modernize the U.S. appraisal regulatory structure by improving quality, reducing costs and addressing fundamental concerns that drive appraisers from the profession. AI suggested that Congress realign the appraisal regulatory structure with those of other industries in the real estate and mortgage sectors.

 
 
Results: 409 Articles found.

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