- FNC Index: Home Prices Flat in November
- Fannie Mae Collateral Underwriter Webinar Now Available For Viewing
- FNC Report: Larger Homes Show Faster Appreciation than Smaller Homes Over the Past Decade
- FNC Webinar: Update on Regulations and Guidance Concerning Collateral Valuations
- FNC Index: Home Prices Nationwide Up 0.8%; San Francisco Market Declines for First Time Since 2012 Recovery
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Author Archives: FNC
The latest FNC Residential Price Index™ (RPI) shows the nation’s average home prices were largely unchanged from October to November. This trend occurs after prices declined for the first time in September following two-and-a-half years of modest-to-strong price increases nationwide. Weak housing activity, including sales of existing homes – even as 30-year mortgage rates are down by more than a half percentage point from a year ago – has largely… Continue reading
Our Dec. 16 webinar, “Are You Ready for Fannie’s Collateral Underwriter (CU)?,” is now available for viewing. Subject matter expert Christian Leask explains the choices of manual resolution of appraisal issues and automated resolution of appraisal issues when Fannie Mae goes live with Collateral Underwriter on Jan. 26, 2015, and explains how with FNC, you are ready.
The “Examining Residential Home Sales” report provides a detailed look into the characteristics of existing single-family homes that are bought and sold in the marketplace. Inside the report, compiled from FNC’s National Collateral Database™ – one of the most comprehensive and current repositories of property transactions and appraisal information – the characteristics of residential home sales such as property age, living area size, ownership duration, loan origination vintage, and home… Continue reading
On Nov. 18, FNC’s Managing Director of Consulting and Product Management Shawn Telford and General Counsel Neil Olson presented a regulatory and compliance update webinar. They discussed the most critical aspects of the following key issues:
- The Fannie Mae Collateral Underwriter (CU) Project
- What are FNC’s solutions for Fannie Mae?
- Proposed Changes to the Uniform Standards of Professional Appraisal Practice (USPAP)
- Definition of a report; report drafts and
FNC Index: Home Prices Nationwide Up 0.8%; San Francisco Market Declines for First Time Since 2012 Recovery
Below is this month’s update to the FNC Residential Price Index (http://www.fncrpi.com/) written by Yanling Mayer, a senior research economist at FNC. No drastic changes to report in the market this month. Prices are continuing their general upward trend in most areas, just at a slower pace. San Francisco fell off a bit, but that won’t make much of a dent with the already incredibly high prices in that city… Continue reading
Despite continued signs of moderation in home price appreciation, the latest FNC Residential Price Index™ (RPI) shows that U.S. home prices were up another 0.8% from May to June and 2.3% throughout the second quarter. Constructed to gauge the price movement among normal home sales by excluding distressed properties, the index’s year-over-year growth continues to decelerate as widely expected: down to 8.0% from its fastest acceleration of 9.4% in February… Continue reading
The following is a discussion between Shawn Telford, Managing Director, and Neil Olson, General Counsel, as part of FNC’s July 9 webinar on Regulatory & Compliance Updates.
Neil Olson: Regulations are still in motion, even though it’s summer.
Oxford, Miss. (March 26, 2014) – Home prices in the Jacksonville, FL, metropolitan statistical area increased in January by 0.74% as indicated by the FNC Residential Price IndexTM (RPI), marking the 13th consecutive month of appreciation for this market. Also, the Jacksonville market increased 8.01% from January 2013, marking the 20th consecutive month of year-over-year gains. Despite recent growth, this market is still 15.85% below its January 2009 value. Furthermore… Continue reading
Home prices in the Pittsburgh, PA, metropolitan statistical area decreased by 0.71% for the month of January as indicated by the FNC Residential Price Index (RPI). The decline marks the fourth consecutive month of depreciation for this market. In addition, sales activity for Pittsburgh was mixed. While single-family home sales have increased by 1.24% from January 2013, the percentage of single-family home sales that were distressed reached 10.74%, an… Continue reading
Home prices in the Birmingham-Hoover, AL, metropolitan statistical area decreased by 0.32% for the month of December as indicated by the FNC Residential Price Index™ (RPI). The slide in prices marks the fourth consecutive month of depreciation for this market. Furthermore, the percentage of home sales that were distressed reached 19.54% — a 1.4% gain over November’s figure of 19.27% and a 39.47% increase over September’s figure of 14.01%… Continue reading