Wednesday , 20 February 2019

Housing Wire

Housing Wire

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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Appraisal experts: Here’s how you can best prepare your borrower

By jguerin@housingwire.com Borrowers often have considerable expectations when it comes to their home’s estimated value, and navigating these can be tough for both the loan officer and the appraiser. Experts from two appraisal management companies recently discussed how to best prepare a borrower for an appraisal the National Reverse Mortgage Lenders Association conference in San Diego, and here’s what they …

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Here are the 10 MSAs with the lowest appreciation

[Expert commentary] The latest VeroFORECAST report shows that 351 Metropolitan Statistical Areas will experience property appreciation in the next year. But, of the bottom 10 MSAs, seven will see values decline between -0.2% and -2.2% in 2019. The two most troubled markets? Farmington, New Mexico, and Vineland-Millville-Bridgeton, New Jersey. Via:: Here are the 10 MSAs with the lowest appreciation       

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