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.
Click here to access audio/video/.pdf of the webinar… Continue reading
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
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
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Tagged FNC RPI
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.
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
This month, I want to take a closer look at three recent polls that address some questions appraisers wanted us to ask. First, we asked: “What best describes your office setup?” This poll was the most popular of the three with 6,121 responses. Not a big surprise here with 73 percent answering, “It’s in my home.” The second most popular answer was “It is in an office/commercial/industrial building” with 20… Continue reading
Our May 6 webinar, “Home Equity Decisioning Solutions and Newly Released Appraisal Management Proposed Regulations,” is now available for viewing. Subject matter expert Shawn Telford and FNC General Counsel Neil Olson provide an overview of current regulatory topics in conjunction with current business trends — changing market conditions, HELOC trending, regulations — and help viewers understand the solutions and guidance available from FNC.
Click here to access audio/video/.pdf… Continue reading