Mortgage Fraud Risk Rises, Valuation Risk Down
Although the number of fraudulent mortgage applications dipped, the share and risk worsened. But a big improvement was made on valuation fraud risk.
Limited Appraisers Drive Up Fees, Turnaround
Fewer appraisers are willing to provide valuations on short timetables for low fees -- causing some home sales to take longer and cost more.
Appraisal Integrations and Acquisitions
Appraisal service providers have been enhancing their offerings through integrations, though at least two have turned to acquisitions to improve options for their lender clients.
Fastest Growing Mortgage Firms
Inc. magazine is out with its list of the fastest-growing companies in America, and there were four mortgage-related firms that ranked among the top 500.
Events to Cover Appraisals, Non-Performing Loans
Upcoming mortgage-related conferences and events include a home valuation expo, a bank lending workshop and a symposium on re-performing and non-performing loans.
Best Mortgage Companies to Work At
Several real estate finance firms recently touted how they have been recognized by local news publications as the best employers in their cities.
Homeownership Varies by Age, Income, Race
The results of a survey published by the nation's central bank looks at homeownership variances by demographics.
Appraisal Services Technology Enhanced
Several mortgage service providers that offer appraisal technology have recently announced enhancements that are designed to help residential lenders increase efficiency, maintain compliance and meet new government mortgage requirements.
Fannie Enabling Appraisal Sharing
Next month, Fannie Mae is updating its Collateral Underwriter. Among the changes will be a new appraisal-sharing functionality for aggregators.
Proposal Would Have Borrowers Order Appraisals
A proposal to make residential real estate appraisals portable would have prospective mortgage borrowers ordering appraisals directly from appraisal management companies.