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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Items Tagged with 'December'

ARTICLES

Housing to help drive employment and economy in 2015

2014 posts fewest job cuts since 1997
Brena Swanson
The improvement in the nation’s employment situation is expected to keep pace in 2015. And one of the biggest factors to drive this growth: Housing.
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Fed minutes: “Housing sector generally remained slow”

Nation expands at moderate pace
Brena Swanson
Although the nation's economy is improving at a moderate pace, housing is struggling to keep up, as reports during the intermeeting period painted a less-than-hot market.
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FHFA: Home price index slightly increases 0.5%

Brena Swanson
FHFA home price reports come in rosier than Case-Shiller. Why? For one, the FHFA only looks at Fannie Mae and Freddie Mac sales.
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HOPE NOW assists 768,000 borrowers in 2013

281,000 short sales completed last year
Brena Swanson
Approximately 768,000 homeowners received permanent, affordable loan modifications from mortgage servicers in 2013, according to HOPE NOW’s final 2013 loan modification data.
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RealtyTrac: Monthly foreclosure filings reverse course, rise 8%

40th consecutive month of declines annually
Brena Swanson
Foreclosure filings reversed course, increased 8% to 124,419 in January from December, marking the 40th consecutive month where foreclosure activity declines on an annual basis.
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Consumer confidence hits five-month high

Americans become more optimistic about the economy
HousingWire Staff
Consumer confidence unexpectedly climbed to a five-month high in January as Americans became more optimistic about the economy and the labor market.
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New home sales fell 7% in December

Market inventory reaches a 5-month supply
Brena Swanson
New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels.
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Foreclosures, short sales increased 1% in Dec.

Overall distressed activity subsides
Brena Swanson
Foreclosures and short sales remained relatively frozen in December, with U.S. residential properties, including single-family homes, condominiums and townhomes, selling at an estimated annual pace of 5.16 million in December, a less than 1% increase from November and a 10% increase from a year ago, the latest RealtyTrac report found.
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Rates, tight inventory dampen California home sales

Home prices could eventually stabilize sparking new demand
Brena Swanson
Tight inventory and escalating home prices are putting a squeeze on California's housing market, but stabilizing prices may eventually grease the wheels, giving home buyers momentum to step up their game.
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Real estate prices appreciate at a slower pace

California prices continue to soar higher in key markets
Brena Swanson
While residential real estate appreciation continues to trend higher, the rapid pace experienced early last year is easing.
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