Tuesday , 18 December 2018

Housing Wire

Housing Wire

Radian grows valuations business by acquiring Independent Settlement Services

By blane@housingwire.com Radian Group is growing its valuations business, as the company announced Wednesday that it acquired Independent Settlement Services, a national appraisal and title management services company. According to Radian, the acquisition is “consistent with Radian’s growth and diversification strategy,” and the company’s focus on the product offerings of its title, mortgage and real estate services businesses. Via:: Radian …

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Appraisers accuse federal regulators of recreating housing crisis conditions

By blane@housingwire.com As one might expect, appraisers are none too pleased about the FDIC, the OCC, and the Federal Reserve proposing to eliminate the appraisal requirement on certain home sales of $400,000 and below. According to Appraisal Institute President James Murrett, the newly proposed rules would add significantly more danger to the lending environment and harken back to the way …

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Regulators propose ending appraisal requirement on some home sales of $400,000 and below

By blane@housingwire.com The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal. Click the headline for the full story. Via:: Regulators propose ending appraisal …

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Regulators propose ending appraisal requirement on home sales of $400,000 and below

By blane@housingwire.com The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that home sales of $400,000 and below would no longer require an appraisal. Click the headline for the full story. Via:: Regulators propose ending appraisal requirement …

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FHA will not cut mortgage insurance premiums

By jguerin@housingwire.com The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund on Thursday, revealing a positive economic net worth of $34.86 billion and an acceptable ratio of capital reserves at 2.76%. The numbers are markedly better than last year, but FHA Commissioner Brian Montgomery said that doesn’t mean the agency will be reducing …

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