Potential Fannie Move Toward Hybrid Appraisals Continues Debate About Alternative Valuation Methods

Potential Fannie Move Toward Hybrid Appraisals Continues Debate About Alternative Valuation Methods

Written By: Joel Palmer, Op-Ed Writer

The ongoing debate about the use of alternative valuation products (AVPs) gathered steam last week with a report that Fannie Mae will be testing hybrid appraisals. The report, which Fannie Mae officials have not commented on, claimed the GSE will be asking appraisers during this pilot to use a combination of local market data and a home inspection report to determine a property’s value during mortgage underwriting and processing.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

FHFA Receives Industry Feedback on Credit Score RFI

FHFA Receives Industry Feedback on Credit Score RFI

Written By: Joel Palmer, Op-Ed Writer

Opinions vary as to whether Fannie Mae and Freddie Mac should require specific credit scoring models on mortgage applications or whether lenders should have more freedom on which scoring models they want to use.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Are mortgages getting easier or harder to obtain?

Are mortgages getting easier or harder to obtain?

Written By: Joel Palmer, Op-Ed Writer

Mortgage processors and underwriters, as well as the rest of the mortgage lending industry, seem to be caught in a Catch-22 regarding how easy or difficult it is to get a home loan.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Moody’s says HARP refinances will outperform loans that didn’t enter HARP

Moody’s says HARP refinances will outperform loans that didn’t enter HARP

Written By: Joel Palmer, Op-Ed Writer

The Home Affordable Refinance Program (HARP) has been a success for both homeowners and for Freddie Mac, according to a recent report by Moody’s Investors Service.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Senate passes Dodd-Frank reform bill

Senate passes Dodd-Frank reform bill

Written By: Joel Palmer, Op-Ed Writer

Efforts to reform the Dodd-Frank Act took a major step forward last week, as the Senate passed S. 2155, the Economic Growth, Economic Growth, Regulatory Relief, and Consumer Protection Act.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

How a continued increase in mortgage rates might impact mortgage lenders

How a continued increase in mortgage rates might impact mortgage lenders

Written By: Joel Palmer, Op-Ed Writer

How quickly will mortgage rates increase?How high will they go? What impact will increasing rates have on mortgage underwriters and processors? These are some of the questions Freddie Mac attempted to answer in its latest Insight report.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Will new tax law affect home values as industry fears?

Will new tax law affect home values as industry fears?

Written By: Joel Palmer, Op-Ed Writer

Housing is a critical staple of the economy. Home values, home sales and home construction are strong indicators of economic growth or stagnation. Home ownership often represents stability, community, and household wealth. For decades, tax laws and economic policies have been designed and enacted to encourage home ownership and maintain a strong housing market, especially when other areas of the economy are on the decline.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

GSEs plan to increase purchases of rural home loans

GSEs plan to increase purchases of rural home loans

Written By: Joel Palmer, Op-Ed Writer

Freddie Mac and Fannie Mae intend to increase loan purchases from rural areas over the next three years as a key part of their Duty to Serve plans.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

Attempts to curb VA mortgage refinance churning underway

Attempts to curb VA mortgage refinance churning underway

Written By: Joel Palmer, Op-Ed Writer

An effort to curb the practice of churning VA home loans took a major step this month. U.S. Senators Elizabeth Warren, D-Massachusetts, and Thom Tillis, R-North Carolina, recently introduced the Protecting Veterans from Predatory Lending Act of 2018.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.

GSEs eye shared equity programs to preserve affordable housing

GSEs eye shared equity programs to preserve affordable housing

Written By: Joel Palmer, Op-Ed Writer

The cost of housing is among the largest barriers to homeownership. Properties in the lowest tiers of affordability are in short supply and inventories have shrunk in recent years, especially in the nation’s largest markets.


Opinion-Editorial (Op-Ed) Disclaimer For NAMU® Library Articles: The views and opinions expressed in the NAMU® Library articles are those of the authors and do not necessarily reflect any official NAMU® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMU®. Nothing contained in this articles should be considered legal advice.