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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News

Pinto: We’re building toward another mortgage meltdown

Affordable housing mandates, lowering standards sets the stage
Trey Garrison
Ed Pinto, one of the smartest minds looking at housing, warns that the White House is steering housing policy back into the dangerous waters. Take a look.
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Initial 4Q GDP estimate comes in well below analyst expectations

Almost 50% drop from third quarter’s Obamacare driven reading
Trey Garrison
Following the third quarter’s upward revised gross domestic product printing at 5%, the GDP for the fourth quarter took a nose-dive. Here's what happened.
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Geoff Bastow joins Blueberry Systems as chief technology officer

Will lead software architecture and product development
Ben Lane
Blueberry Systems, a provider of advanced technology solutions to the mortgage banking industry, announced that Geoff Bastow joined the company as chief technology officer.
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Aspen Grove Solutions adds James Hall as senior vice president

Will oversee sales and business development
Ben Lane
Aspen Grove Solutions, a provider of property related technology solutions for REO, short sale, asset management, property preservation, vendor management and compliance, added James Hall as the company’s new senior vice president of sales of business development.
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Capital Economics: How long will the refi boom last?

It won’t be as big as the last
Brena Swanson
Mortgage rates continue to stay below 4%, triggering another refinancing boom. But even though rates are back down to levels seen a couple years ago, the question remains: How long will it last?
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Home Loan Servicing Solutions fires back at mortgage-negligence claims

Ocwen associate answers charges from hedge fund
Ben Lane
Home Loan Servicing Solutions is joining with associate Ocwen Financial, in the fight against investors who claimed that the companies breached their mortgage bond covenants, and is accusing the investors of attempting to profit on their stock holdings in HLSS as opposed to actually caring what happens with the mortgage bonds.
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Mortgage interest rates slide in FHFA December index

Average slips below 4% in last weeks
Trey Garrison
Nationally, interest rates on conventional purchase-money mortgages decreased from November to December. Here’s what happened.
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Mortgage risk for agency loans hits record high in December

VA and FHA loans hit series high
Trey Garrison
The risk of mortgage defaults on agency loans is growing, reaching a new high in December, and with coming changes it may get worse. Here's the skinny.
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New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
Brena Swanson
Right now there are few players in the rural and underserved mortgage lending space. But the Consumer Financial Protection Bureau is now pushing to change that.
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