Dismal Month for Existing Home Sales
Monthly sales of pre-owned homes fell to the lowest level in two years, while the annual rate was down from a year earlier by the most in three years.
Alternative Valuations Could Hurt RMBS Quality
Increased utilization of alternative real estate valuations could have a negative impact on the the quality of residential mortgage-backed securities. But there are some positives to the shift.
Fannie Updates Impact IRS Installment Agreements
Updates to the Federal National Mortgage Association's guidelines impact appraisals, condominiums and borrowers with income tax installment payments.
Home Prices Continue to Rise, Seattle Leads
National home values continued to appreciate, with some home price indices continuing to set new records. While Seattle continued to lead the price gains, the nation's capitol hasn't fared so well.
Record Low Existing Home Inventory, Supply
Existing home sales climbed to the highest level in 11 years during 2017. At the same time, the inventory of homes for sale and number of months supply ended the year at a record low.
Continuing Gains in Home Price Indices
Multiple home price indices indicate that monthly values continued to rise in October. The strongest increases are no longer limited to the West. But one estimate has a decline for November.
Decade-High Existing Home Sales, Record Low Supply
Last month's rate of pre-owned home sales climbed to the highest level in more than a decade, with the Midwest leading the month-over-month gain. The supply of homes fell to a record low.
Mortgage Brokers Operated AMC to Influence Values
The owners of a Chicago-area mortgage brokerage are accused of operating an appraisal management company in order to influence appraised values on fraudulent loans.
Appraisal Industry Innovations
Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and enhanced desktop appraisals.
Home Price Gains Begin to Slow
Home price indices continued to rise during the most-recent month. But one HPI indicated the rate of increase is slowing, while a forecast has a month-over-month dip ahead.