Returning appraisal regulations back to the individual states would be counterproductive, according to James Park, executive director of the Appraisal Subcommittee of the Federal Financial Institutions Examination Council. Park and other experts spoke about the need for standardization and modernization at a hearing in the House Financial Services Committee this week. “Replacing the federal system with a state-based system would confuse, not streamline,” he said, noting that the “cornucopia” of statutes and guidelines are confusing and burdensome for everyone. Bill Garber, director of government and external relations at the Appraisal Institute, agreed...

Americans spend an average of 6 hours per day on social and mobile media, which has taken over television viewing.

Meanwhile, the share price of Fannie Mae/Freddie Mac common continues to rise...

Another candidate for the HUD job is believed to be Pam Patenaude, president of the J. Ronald Terwilliger Foundation for Housing America’s Families.

Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...

And roughly 24 percent of IMFnews viewers believe that reform of Fannie Mae and Freddie Mac likely won’t happen in their lifetime…

Not too long ago, Stonegate Mortgage began deemphasizing retail in favor of correspondent and wholesale...

Are mortgage account executives overpaid?

Bank of America – the nation’s third largest residential originator – this week gave its mortgage loan officers an edict: start taking applications for auto loans as well. Going forward, mortgage loan officers will be known simply as “loan officers.” A BofA spokesman confirmed the changes to Inside Mortgage Finance, but cautioned that LOs will not be taking applications for checking accounts and credit cards, though referrals can be made to other divisions of the bank. BofA watchers, as well as the bank’s competitors, were scratching...

In the past, Caliber Home Loans has been mentioned as a possible buyer of other firms...