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Category 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
In August, I reported on an educational session I attended at The Appraisal Institute (AI) annual conference in Austin, Texas, on Aug. 4-6, 2014. In that article, I mentioned Robert Murphy from Fannie Mae covered some of the changes made in the first major update to the property and valuation section of the Fannie Mae Selling Guide since 2009. This is very important to appraisers because the Selling Guide is… 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.
The latest FNC Residential Price Index™ (RPI) shows U.S. home prices increased again in February as sales of non-distressed homes continue to rise and regain market share. The index, constructed to gauge the price movement among normal home sales exclusive of distressed properties, indicates much of the nation’s underlying home value shows solid growth as dwindling REO sales fall to their lowest levels since 2007.
In February, the index’s… 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
Oxford, Miss. (Mar. 13, 2014) – The latest FNC Residential Price Index™ (RPI) shows U.S. home prices have gotten off to a positive start in 2014, rising a modest 0.4% in January. The index, constructed to gauge the price movement among normal home sales exclusive of distressed properties, indicates home prices of the underlying housing market continue to strengthen as market fundamentals and credit conditions continue to improve. The index… Continue reading