Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance

Items Tagged with 'Appraisals'


Veros now offers first direct connection to FHA appraisal portal

Will allow lenders to send appraisals through Veros’ software
Ben Lane
Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration’s electronic portal for appraisal reports and data submissions, announced Monday that it is implementing a direct connection to the portal, which will allow for electronic appraisal submissions through Veros’ proprietary product, Pathway.
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Here’s why Illinois appraisals came to a dead stop this week

Illinois Department of Financial and Professional Regulation pulls licenses
Ben Lane
While the rest of us were going about our business this week, appraisals in the state of Illinois came to a dead stop after the Illinois Department of Financial and Professional Regulation revoked the licenses of 70 of the state’s appraisal management companies due to non-compliance with the state’s bonding requirements.
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Is Bank of America looking to sell LandSafe?

In an industry hungry to buy, the answer is probably 'yes'
Brena Swanson
Bank of America is in talks to sell its appraisal company LandSafe, and the market is hungry to buy it. If you want to add your company to the priority list, you better act fast. The deal is expected to close in the next four to six weeks. And you'll have plenty of competition.
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Quicken Loans finds growing divide between homeowners and appraisers

Going for three months straight
Jacob Gaffney
Detroit-based Quicken Loans, the nation’s second-largest retail mortgage lender, uses its internally generated Home Price Perception Index to gauge how homeowners currently view the housing market. And they've spotted a worrying trend.
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Accurate Group launches new appraisal technology

Fewer humans save time and money
Brena Swanson
Accurate Group launched its latest technology solution iValueNet, hoping to give mortgage lenders a choice on interior property inspections to help save time and money.
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Six housing agencies issue final rule for AMCs

Finalize minimum requirements
Brena Swanson
Housing authorities announced new minimum requirements for state registration and supervision of appraisal management companies. With the new rule, states may elect to register and supervise AMCs, but there are catches.
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The real impact of Fannie Mae’s Collateral Underwriter

Did the appraisal industry overreact?
Chuck Mureddu
After all the anticipation and skeptics discussing how much Collateral Underwriter will make our lives miserable, it's just not the case. That's not to say there aren't small bumps, such as the following, in the road.
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Will Fannie Mae’s Collateral Underwriter kill appraisal management companies?

Quite the opposite, actually
Kim Perotti
If the argument is that a lender can now more easily manage appraisers on their own because of Collateral Underwriter, that may be true if you believe AMCs were simply throwing appraisals against the Collateral Underwriter “wall” to see if they pass. Not even close.
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From HW Magazine

Appraisal disruption

Is Fannie Mae right to think that Collateral Underwriter is the answer to appraisal quality?
Ron Tester
Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease.
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Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter
Gary Crabtree
There has been a lot of talk about Fannie Mae's Collateral Underwriter from all sides of the industry. Although appraiser Gary Crabtree's review is not all negative, it also doesn't say the system is a win for housing.
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