Housing Market Expected to Cool in 2014

  • By dave
  • 12 December, 2013
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The nation’s real estate market is expected to cool as the year ends, and the gains that homeowners have seen in median list price per square foot are on a path to level off in 2014, according to the December State of the Market report released Dec. 2 by real estate brokerage firm Movoto. Continue Reading →


Banks to Continue Offering Nonconforming Mortgages

  • By dave
  • 12 December, 2013
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Several banks said they expect to continue offering nonconforming loans despite the Consumer Financial Protection Bureau’s creation of a qualified mortgage rule that takes effect in January, The Wall Street Journal reported Dec. 2. Continue Reading →


Senate Confirms Mel Watt to Head FHFA

  • By dave
  • 12 December, 2013
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The Senate on Dec. 10 confirmed the nomination of Mel Watt to lead the Federal Housing Finance Agency, HousingWIre reported. Rep. Watt, D-N.C., will replace Ed DeMarco, who has served as acting director of the FHFA since the government-sponsored enterp… Continue Reading →


Conservation Valuation Experts Discuss Alternatives at AI Forum

  • By dave
  • 12 December, 2013
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Participants in the Appraisal Institute’s Dec. 8 stakeholders forum in Washington, D.C, assessed alternatives to the current tax processes involving donations of conservation easements. The Appraisal Institute sponsored the one-day event, which addressed a variety of conservation valuation issues. Continue Reading →


Housing Continues Slow Climb Back to Normal

  • By dave
  • 12 December, 2013
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Housing markets in 54 of approximately 350 metro areas tracked by the National Association of Home Builders/First American Leading Markets Index have returned to — or even exceeded — normal levels of housing activity through November, NAHB reported Dec. 5. Continue Reading →


Justice Department Promises More Mortgage Fraud Suits in 2014

  • By dave
  • 12 December, 2013
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The U.S. Department of Justice said it would file several more lawsuits alleging mortgage fraud against financial institutions in 2014, Reuters reported Dec. 4. U.S. Attorney General Eric Holder told Reuters that his agency would use the case against J… Continue Reading →


CMBS Loan Quality Down, Performance Steady

  • By dave
  • 12 December, 2013
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The quality of loans originated for commercial mortgage-backed securities has worsened, but loan performance is expected to be stable, ratings firm Moody’s Investor Services noted in a report, Mortgage Daily reported Dec. 2. Continue Reading →


Fed Beige Book: Economy Recovering, Homes Sales Improving

  • By dave
  • 12 December, 2013
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The Federal Reserve’s Beige Book released Dec. 4 indicated that national economic activity continued to expand at a modest-to-moderate pace during the early-October to mid-November reporting period, but noted a slowdown in single-family home sales due to seasonal factors. Continue Reading →


Largest Mortgage Servicers Failing on Loan Handling

  • By dave
  • 12 December, 2013
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Banks subject to the 2012 national settlement over mishandled foreclosures are still failing to provide timely and adequate notification to delinquent borrowers, according to a report from Joseph A. Smith Jr., the monitor of the national mortgage settl… Continue Reading →


FHFA Overhauls Mortgage Insurance Program for Fannie, Freddie

  • By dave
  • 12 December, 2013
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The Federal Housing Finance Agency announced Dec. 2 that Fannie Mae and Freddie Mac had completed the first major overhaul in years of their mortgage insurance master policy requirements. The FHFA’s 2013 Conservatorship Scorecard required them to establish complementary master policies to allow for more timely and consistent claims processing. Continue Reading →