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Results: 10 Articles found.

March 2018

Fannie Mae Says Tax Cuts Hurt, $3 Billion in Treasury Assistance Needed

Fannie Mae will need $3.7 billion from the U.S. Treasury to prevent its net worth from becoming negative in March, Bloomberg reported Feb. 14. The government-sponsored enterprise hasn't required taxpayer funding since 2012, but newly passed cuts to corporate taxes led to a $6.5 billion fourth-quarter loss.

March 2018

Appraisal Alternatives Decrease RMBS Credit Quality, Moody’s Reports

The use of technological alternatives to standard residential property appraisals is expected to increase, a move that could decrease the credit quality of residential mortgage-backed securities, according to ratings agency Moody's Investors Service, HousingWire reported Feb. 20. Moody's reported mixed degrees of reliability for alternative methods.


March 2018

CFPB Strategic Plan Shows Limited Responsibilities and Enforcement Goals

The Consumer Financial Protection Bureau on Feb. 12 released its five-year strategic plan that states its goal is to "fulfill the Bureau's statutory responsibilities, but go no further." The plan draws directly from the Dodd-Frank Act and refocuses the CFPB's mission as regulating consumer financial products and services under existing federal law.

March 2018

US Takes Lenders to Task Over VA Loans

The U.S. warned nine lenders that they may be kicked out of a top mortgage program unless they stop rapid refinancing of veterans' mortgage loans, Bloomberg reported Feb. 8. A probe by Ginnie Mae found that some lenders are enriching themselves through repeated, unnecessary and costly refinancing actions.


March 2018

AI Joins Coalition Opposing Bank’s Temporary Appraisal Waiver Request

The Appraisal Institute was part of a coalition of more than 20 real estate industry organizations that submitted a letter to the Appraisal Subcommittee on Feb. 13 opposing TriStar Bank's request for a temporary waiver from appraiser certification requirements.

March 2018

Loan Application Defects and Misrepresentations Up Sharply, Data shows

Defects, fraud and misrepresentation jumped 20.3 percent between 2016 and 2017, and could rise even higher this year, according to the Loan Application Defect Index released Feb. 7 by lender First American Financial Corp. MBA NewsLink reported. The defect index rose for both purchase and refinance loans.


March 2018

FHFA Announces New GSA Housing Goals

The Federal Housing Finance Agency on Feb. 6 announced new 2018-20 housing goals for government-sponsored enterprises Fannie Mae and Freddie Mac. The goals for single-family homes remain largely unchanged, but the goals for multifamily properties call for increased mortgage purchases for properties with affordable units.

March 2018

Fitch Sees Modest Home Price Growth

Home price growth in much of the U.S. this year is expected to be a "modest" five percent, which is near the 25-year average, according to ratings agency Fitch Ratings, MBA NewsLink reported Jan. 30. Some "overvalued" cities in the West likely will experience slower growth or a price correction.


March 2018

Rental Home Investors Bargain Hunting

Investors who snapped up single-family homes in the aftermath of the foreclosure crisis and turned them into rental properties are now scooping up cheaper houses they previously overlooked because such properties can bring much higher yields — although with much higher risk, according to multiple investor reports, Bloomberg reported Feb. 16.

March 2018

Data Shows Prices for Homes in ‘Riskier’ Zip Codes Climb Faster

The median price for homes in zip codes with the highest risk for natural disasters have risen faster than the national average for the past decade, analytics firm ATTOM Data Solutions reported Feb. 22. Denver topped the list of riskiest zip codes, followed by San Bernardino, California; and Sheridan, Oregon.

Results: 10 Articles found.

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