Freddie Updates Appraisal Requirements
Updates are being made to the Federal Home Loan Mortgage Corp.'s appraisal policies. The change is being made to streamline requirements.
Bank Regulators Waive Appraisals in Hurricane Areas
In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement for an appraisal.
Home Prices Indices All Up
Led by the Pacific Northwest, the nation's home prices continued to move higher on a year-over-year basis -- with some indices at record highs. On a month-over-month basis, East Coast states led the gain.
Existing Home Sales Fall to 1-Year Low
It's been a year since the annual rate of existing home sales was as low as it was last month. Hurricane-affected areas are expected to weaken next year.
AVMs, Appraisal Tools Among New Valuation Offerings
Several new appraisal products include an automated valuation model, an appraisal ordering tool and a service that compares multiple appraisals.
Freddie Eases Appraisal, Condo & Jumbo Policies
Changes being made by the Federal Home Loan Mortgage Corp. relax requirements for appraisals, condominiums and jumbo mortgages. Also impacted are assets used to make payments.
Mobile Apps for Appraisals, Credit, Originations
Mortgage service providers have launched or updated mobile applications to help with appraisals, credit reports and production. A pair of reports offer insight into mobile technology.
Home Prices Continue Climbing, Records Broken
House values continue to rise, with some home price indices solidly in record territory. But escalating values reflect a persistent inventory shortage.
Northeast, Midwest Drive Down Existing Home Sales
Inventory shortages were a factor in a slowdown of existing home sales last month. The decline was driven by the Midwest and the Northeast.
High-LTV Guidance Issued for Banks
The nation's primary regulator of national banks has clarified lending practices for financial institutions that make residential loans with high loan-to-value ratios in struggling areas.