Does the mortgage industry still need Appraisal Management Companies?

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
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The Ticker

Dropping mortgage applications create Wall Street fluster

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() Hovnanian Enterprises (HPV) are up on better than expected earnings, rising 1.8% to $6.08. But stock prices for other homebuilders are falling, continuing a downward slide that began in mid-May when hopes for a housing market rebound sent the industry to a six-year high, according to Barron's.

To see other homebuilder activity on Wall Street today, click here.

Source: Barrons
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