A look at the state legislation affecting real estate enacted during the 2011-2012 legislative session, and federal legislation enacted in 2011.
Appraisers who were under third-party contract with appraisal management company (AMC) AppraiserLoft are holding millions of dollars in unpaid invoices for work completed within the past few months. Now-defunct AppraiserLoft’s CEO blamed the flat-line real estate market for the precipitous decline in appraisals, causing the company to eliminate nearly the entire staff and unexpectedly terminate [...]
42% of prospective homebuyers believe home values will increase 7% annually in the coming years, according to a poll by Zillow. These answers reflect the inadequate knowledge most prospective homebuyers have about the most important financial decision of their lives. In a normal market, home prices appreciate between 2% to 3% per year (the historical [...]
This article highlights the FHA’s shift from requiring automatic SPC reporting and clearance to discretionary compliance by the lender.
A digest of recent court cases affecting real estate.
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For our archive of the Legislative Watch for years past, click here.
The newly-created Consumer Financial Protection Bureau is scheduled to begin functioning in 2011. The Consumer Financial Protection Bureau is now responsible for regulating and enforcing consumer protection laws as the new authority on activities currently monitored by the Federal Trade Commission (FTC), the Department of Housing and Urban Development (HUD) and the Federal Reserve (the [...]
Home purchases occasionally fall through at the last minute when the lender’s appraisal comes in at a lower figure than the price set by the buyer and the seller. When this happens, the lender rejects the loan and counters, offering to lend a reduced amount set at an LTV based on the new appraised value [...]
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
Get your buyer the best financial advantage – Submit multiple loan applications and compare
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