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LATEST NEWS

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  • Survey: Lenders Expect Greater Mortgage Demand, Profits March 26, 2015
    Mortgage lenders are optimistic about the housing market, saying they expect increased mortgage demand and larger profits over the next three months, Fannie Mae reported March 18 in its Mortgage Lender Sentiment Survey. The survey also noted that credit tightening has gradually eased up over the last few months. 
  • Appraisal Institute Sends Proposed Amendments to 45-Day Notice March 26, 2015
    The Appraisal Institute Board of Directors will consider during its May 7-8 meeting in Chicago three proposed amendments to the Bylaws and Regulations.
  • Report: Fannie, Freddie Might Need another Bailout March 26, 2015
    Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18. The government-sponsored enterprises received a $187 billion taxpayer bailout in 2008.
  • AI Committee Announces California Legislative Campaign March 26, 2015
    The Appraisal Institute California Government Relations Committee announced March 24 a legislative campaign to amend the state’s appraisal license law to allow state-licensed appraisers to use valuation standards other than the Uniform Standards of Professional Appraisal Practice when performing appraisals for any purpose other than for federally related tra […]
  • Senators Fight ‘Raiding’ of Fannie, Freddie Fees March 26, 2015
    A bipartisan group of senators, including members of the Senate Banking committee, are fighting against the federal government’s use of Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending, HousingWire reported March 17. The senators said the practice is a “back-door tax” on homeowners.
  • CMBS Delinquencies Down, New Issuances Up March 26, 2015
    Delinquency rates for commercial mortgage-backed securities fell for the fourth consecutive month in February to 5.58 percent, analytics firm Trepp reported March 19. Experts said that the declining number of delinquencies and a healthy dose of new issuances indicate a strong year for CMBS.
  • Appraisal Institute Officers Speak at Key Industry Events March 26, 2015
    The Appraisal Institute announced March 25 that it attended several high-profile events throughout the month, which helped the organization enhance its role as the valuation profession’s thought leader.
  • MBA: Wells Fargo, JPMorgan Top Commercial/Multifamily Lenders March 26, 2015
    Wells Fargo and JPMorgan Chase were the top commercial/multifamily lenders in 2014, according to the Mortgage Bankers Association’s report, Commercial Real Estate/Multifamily Finance Firms — Annual Origination Volumes, MBA NewsLink reported March 19. The report lists origination volumes in more than 140 categories and ranks 127 different commercial/multifami […]
  • California Farmers Selling Water Not Land March 26, 2015
    Some California farmers are finding that their water has greater value than their land, and so instead of planting crops they are selling their water rights — for as much as $700 per acre foot — to Southern California communities, CBS San Francisco reported March 17.
  • RealtyTrac: Foreclosures at Lowest Level Since 2006 March 26, 2015
    Foreclosures decreased by 4 percent between January and February, marking the lowest level of foreclosures since August 2006, analytics firm RealtyTrac reported March 19. The report noted the decrease is a sign that the housing market is on track to return to historic norms.