Ravalli County Appraiser - residential appraisals - Hamilton, MT

Bank of America, Wells Fargo Brace for New York Lawsuit

5/15/2013 7:00 PM

New York Attorney General Eric Schneiderman announced May 6 that his office intends to sue Bank of America and Wells Fargo for alleged violations of the 2012 $25 billion mortgage settlement between the nation’s largest banks and 49 state attorneys general, The Wall Street Journal reported...Read More

Federal Reserve Admits to Errors in Mortgage Settlement Checks

5/15/2013 7:00 PM

The Federal Reserve announced May 8 that some 96,000 borrowers who received checks as the result of a $9.3 billion mortgage settlement will soon be getting additional checks to correct errors made in the initial payments, The Associated Press reported...Read More

Fannie to Pay $59.4 Billion to Treasury, Freddie to Pay $7 Billion

5/15/2013 7:00 PM

Fannie Mae is preparing to pay the U.S. Department of the Treasury $59.4 billion while Freddie Mac will pay the agency $7 billion after it reported its second highest ever quarterly net income, Bloomberg reported May 8....Read More

Banks Easing Standards for Creditworthy Borrowers

5/15/2013 7:00 PM

The Federal Reserve reported that banks are starting to ease mortgage lending standards but only for the worthiest borrowers, which is a likely stumbling block for the housing recovery, The Wall Street Journal reported May 6...Read More

Suspicious Loan Activity Drops for First Time in 16 Years

5/15/2013 7:00 PM

Reports of suspicious loan activity are down for the first time in 16 years, according to the Financial Crimes Enforcement Network, which noted that reports from banks on possible loan fraud were down 29 percent from last year, HousingWire reported May 8...Read More

LPS: New Problem Loans Lowest Since 2007

5/15/2013 7:00 PM

The rate at which new loans are showing problems (meaning they now are seriously delinquent after having been current six months ago) have fallen below 1 percent for the first time since 2007, according to the March Mortgage Monitor report released May 6 by mortgage servicing firm Lender Processing Services...Read More

Mortgage Rates Reverse Trend, Edge Higher

5/15/2013 7:00 PM

Fixed mortgage rates increased for the first time in six weeks, Freddie Mac reported May 9 in its weekly Primary Mortgage Market Survey...Read More

AI Leads Industry Roundtable on Appraisal Trends

5/15/2013 7:00 PM

On Feb. 26, the Appraisal Institute’s elected officers led a roundtable discussion in New York in which they discussed appraisal trends. Highlights of the event are featured in the May 2013 issue of the American Bankers Association’s ABA Banking Journal....Read More

Appraisal Institute Hosts Green Financing and Development Roundtable

5/15/2013 7:00 PM

Real estate finance and development leaders from throughout the United States discussed sustainable and energy-efficient neighborhood planning and development at a May 13 roundtable at the Appraisal Institute’s Chicago headquarters....Read More

AI Blog Wins International Award

5/15/2013 7:00 PM

The Appraisal Institute announced May 14 that its blog, “Opinions of Value,” was honored with a Hermes Creative Award from the Association of Marketing and Communication Professionals. The blog received a Gold Award in the electronic, social and interactive media category. Hermes Creative Awards recognize professionals involved in the concept, writ...Read More