Category Archives: FNC

FNC Index: Home Prices Up 2.3% in the Second Quarter

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

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Regulatory and Compliance Update with Shawn Telford and Neil Olson

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.

Shawn Telford: The MISMO cutover will happen on Sunday. We’re prepared and ready. UCDP warnings and hardstops – GAAR® is in place to help you as part of your… Continue reading

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FNC Index: Year-over-Year Growth at Highest since June 2006

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

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Latest Home Price Numbers Reveal Decrease in Pittsburgh Area

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

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FNC Index: Home Prices of Normal Sales Up 0.4% in January

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

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How to Spend Less of your Profit on Collateral Compliance

I have been hearing a great deal of noise lately about the increasing cost of compliance in mortgage lending. There has always been a cost associated with compliance, but the seemingly unprecedented quantity of new regulation coupled with a new regulator has created a new reality. The patterns of the past can’t be used to make sense of the future. Projects with Dodd-Frank in the title abound throughout the lending… Continue reading

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FNC Index: Latest Home Price Numbers Reveal Decrease in Birmingham Area

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

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FNC Index: November Home Prices Up Steadily by 0.5%

Oxford, Miss. (Jan. 15, 2014) – The latest FNC Residential Price Index™ (RPI) shows U.S. home prices continuing to rise at a modest pace despite at a flatter rate when compared to the spring and summer months. This trend largely reflects a decline in housing activity. The index, constructed to gauge underlying property value based on non-distressed home sales only, was up 0.5% in November despite greater downward pressure from… Continue reading

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FNC Introduces Technology Blog: Software Unwound

softwareunwound_header (2)At mortgage technology company FNC Inc., conference room conversations lead to knowledge and knowledge to solutions. Now, FNC is taking the conference room online and inviting readers of its new blog to join the conversation.

The blog, Software Unwound, which premiered online last week, was developed to showcase how FNC uses cutting-edge technology to deliver innovative solutions to… Continue reading

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The Importance of being Earnest: Data Verification in Appraisal Compliance.

When the Home Valuation Code of Conduct (HVCC) was instituted, many lenders began outsourcing their appraisal procurement and other collateral valuation process to AMCs as they felt it was easier to stay in compliance using a third party.  Putting it simply, HVCC was intended to increase oversight and eliminate improper pressure and relationships between lenders and appraisers. Since the advent of the HVCC, now replaced by the very similar Appraiser… Continue reading

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