Does Fannie Mae support appraisers?

Does Fannie Mae support appraisers?

Here comes Collateral Underwriter

Higher fees proposed for FHA mortgages

MBA: This is far in excess of what the FHA needs

Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
W S

The Ticker

Second jobs create obstacles for home buyers

Full-time job income plus part-time job income just not enough
Brena Swanson
The government is working to expand the credit box, but it just is not happening fast enough as borrowers with second jobs struggle to qualify for mortgages.
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NYC broker jailed for burglarizing $7.6 million home he sold

Former Corcoran Group broker sentenced to up to nine years in jail
Ben Lane
A Manhattan real estate broker will spend the next three to nine years of his life in jail after he was found guilty of burglarizing a $7.6 million townhouse on the Upper West Side. So how did he choose his target? He was the broker who handled the sale of the house.
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FHFA changes Fannie and Freddie REO sales policy

Eases financial burden to homebuyers
Brena Swanson
The Federal Housing Finance Agency updated one of its policies relating to the sale of real estate owned properties. It’s not really a huge market change, but it is worth a mention.
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Wolters Kluwer Financial Services offers demo of TILA-RESPA product

Compliance, workflow software for lenders in new environment
Trey Garrison
Wolters Kluwer Financial Services is rolling out TILA-RESPA focused compliance and workflow solutions, offering live demos of the product for potential clients to deal with the regulatory rules that go into effect industry wide on Aug. 1, 2015.
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Want a free Bentley? Sell this house

Agent who finds buyer for $10 million house gets added bonus
Ben Lane
Whoever finds a buyer for the nearly $10 million home will not only get his or her commission on the sale, the seller is also throwing in a new a 2015 Bentley at no charge. Just consider it a little cherry on top of your normal compensation.
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SEC grants Bank of America relief in $16 billion settlement

Ends political logjam
Ben Lane
The record-setting settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities can finally proceed after the bank was granted relief by the Securities and Exchange Commission.
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FHFA COO found not guilty of threatening Ed DeMarco

Stood accused of threatening to shoot former FHFA acting director
Ben Lane
Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency, was found not guilty of threatening former FHFA Acting Director Ed DeMarco. Hornsby stood accused of threatening to kidnap or injure a person after he allegedly threatened DeMarco at the FHFA’s headquarters in late April.
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Single-family rental bond yields are rising

Supply outpacing demand
Ben Lane
The supply of single-family rental securitizations is rising beyond the level of investor demand, and the surplus of available debt is driving yields up.
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Robin William’s $29.5M Napa Valley estate hits the market

Villa of Smiles a bittersweet legacy of late comedian
Trey Garrison
The world lost one of its sources of joy when he gave into depression, and now Robin Williams’ 639-acre estate is on the market.
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Goldman bankers fired after leaking confidential Fed info

Banker formerly worked for Federal Reserve Bank of New York
Brena Swanson
Goldman Sachs fired two bankers due to one of them allegedly sharing confidential documents from the Federal Reserve Bank of New York within the firm.
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