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
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Items Tagged with 'Foreclosure'

ARTICLES

Fannie Mae partners with Detroit to demolish foreclosed homes

GSE will sell vacant properties to Detroit Land Bank
Ben Lane
In what the parties are calling an “initial transaction,” Fannie announced that it will sell 44 foreclosed properties to the Detroit Land Bank Authority “for a nominal fee,” and contribute funds for the demolition of some of the properties.
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Black Knight: Mortgage delinquency rate drops to 7-year low

Loans in foreclosure also dropped to 6-year low
Ben Lane
The mortgage delinquency rate declined in October to a seven-year low, according to Black Knight Financial Services’ “First Look” at the October mortgage data. October also saw a rise in prepayments for the first time since July, which Black Knight said is “historically a good indicator of refinance activity.”
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Stop panicking about recent foreclosure numbers

The sky is not falling
Rick Sharga
So, are we about to see housing Armageddon? Do these ominous increases in foreclosure activity mean that the market is about to implode? No. Not even close. Allow me to explain.
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RealtyTrac: Foreclosures increase for two months straight

Biggest monthly increase in 4 years
Brena Swanson
Although this is the largest month-over-month increase since U.S. foreclosure activity peaked in March 2010, the increase is not a significant surprise due to historical trends. But that doesn't mean there isn't more than just a seasonal pattern at work.
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Federal judge approves Detroit’s bankruptcy plan

Did Detroit’s housing market just turn a corner?
Brena Swanson
Detroit’s housing market was one of the most severely attacked during the financial crisis, leaving a wasteland of foreclosed and abandoned homes. But a new ruling might help give the city the extra boost it needs.
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Florida man buys foreclosure, finds dead body inside

Presumed owner hadn’t been seen for three years
Ben Lane
William Wilson, of Cape Coral, Florida, purchased the home on SE 19th Lane at auction Tuesday for $96,000. When he arrived at the home Wednesday to inspect his purchase, he found the body thought to be the previous owner, a woman who had been missing since November 2011, in the master bedroom.
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$3.2 million deal for 6,000 Detroit foreclosures collapses

Local casino and real estate developer was to buy properties
Ben Lane
A deal between the City of Detroit and Herb Strather, a local casino and real estate developer, to buy more than 6,000 foreclosed homes in the city for nearly $3.2 million is dead.
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California man jailed for foreclosure rescue scam

Sentenced to 10 years in prison
Brena Swanson
A Huntington Beach man who was involved in a nationwide foreclosure scam that included several Sacramento-area homeowners among its victims has been sentenced to 10 years in prison, according to an article in The Sacramento Bee.
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RealtyTrac: Foreclosure sales fall to lowest level since Q1 2011

Median home prices increase for 30th consecutive month
Ben Lane
According to the report, residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annual pace of 4,402,741 in September, a decrease of 1% from August 2014 and a decrease of 19% from one year ago.
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WATCH: Foreclosure king Todd Brunner arrested

Built his wealth in southeastern Wisconsin
Brena Swanson
Although several years have passed since the financial crisis, local authorities are still arresting people who made their fortune during the downturn. Todd Brunner, 57, a onetime local king of foreclosures, and his son, Shawn, 24, are no exception.
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