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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AppraisalPort Weekly Poll Analysis


This month, I featured three recent polls that were very popular. The first one asked a key question for most appraisers: “I think the business environment for appraisers in 2014 is going to be …” This poll collected a total of 5,460 responses and the top answer was, “About the same as 2013” receiving 35 percent of the vote… Continue reading

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January is the Month of New Beginnings, Part 2


TILA Appraisals for Higher-Priced Mortgage Loans (Regulation Z)

The Dodd-Frank Wall Street Reform and Consumer Protection (Dodd-Frank) Act created several new categories of loans. One of those categories is “higher-risk mortgages.” Just to be confusing, “higher-risk mortgages” are called “higher-priced mortgage loans” or HPML in the regulations. In addition, they are not the same as the “High-Cost Mortgage”… 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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January is the Month of New Beginnings, Part 1

property data

My, how they have been busy. The Consumer Financial Protection Bureau (CFPB) has an entire wagonload of regulations going into effect in January. If you are a mortgage lender, this has been hard to miss.

Arising from the mandates of the Dodd–Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank) the CFPB issued a wide-ranging set… Continue reading

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Heads up for CMS users: System Update

FNC Collateral Management Systems® will be updated on Saturday, Jan. 11, during which time admin-level users may notice a brief period of system inaccessibility. The following enhancements and changes will not impact the current system (unless noted) until they are activated by the user.

Click here to sign up for training regarding this update; you will receive an email with information on the next available session along with… 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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FNC Webinar: Higher-Priced Mortgages & Other Regulatory Changes

To access the PowerPoint, Q&A, and audio files from FNC’s Nov. 19 webinar on regulatory changes, click here.

This webinar addressed higher-priced mortgage loans and the new appraisal requirements; new requirements around delivering copies of appraisals and other valuations to borrowers; and ongoing changes to the GSEs’ UCDP portal… Continue reading

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FNC Index: Home Prices Show Fastest Quarterly Growth Since Recovery Began

The latest FNC Residential Price Index™ (RPI) shows strong growth of home prices during the third quarter of 2013 as the housing recovery continues to broaden across the country. The index, constructed to gauge the price movement among the underlying non-distressed home sales, increased 2.5% between the second and third quarters, making the third-quarter growth the fastest in the current recovery.

Rising home sales and relatively low foreclosure… Continue reading

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