TagsApple appraisal Appraisal Institute appraising Bank of America Bill Rayburn Bob Dorsey BP CMS Dodd-Frank economy Facebook Fannie Mae Federal Reserve Florida FNC FNC Morning View FNC Residential Price Index foreclosure Freddie Mac GAAR Google GSEs Gulf Coast home prices housing housing market housing prices housing recovery HVCC mortgage National Association of Realtors National Collateral Database oil crisis Residential Price Index RPI smartphone social media social networking technology Tech Thursday Twitter U.S. housing market webinar Weekly wrapup
Tag Archives: Bob Dorsey
In today’s episode of FNC Morning View, hosts Bill Rayburn and Bob Dorsey discussed some issues involved with winding down the GSEs and starting a private secondary mortgage market. They talked about some of the things that must be brought to the marketplace to attract private capital: Bill said transparency at the loan level; quantification of bondholders’ risks; process standardization and third-party independence are necessary. Bob added that well-defined… Continue reading
Freddie Mac has recently proposed to institute a number of proprietary rules to be associated with the UCDP submission process. These rules all involve the use of the Freddie Mac AVM, Home Value Estimator (HVE). Since all AVM models are imperfect estimators of value, the use of the HVE model will result in some warnings being delivered in error and also the failure to issue some warnings when they should… Continue reading
Demand for new mortgages is finally revving up—among big spenders, anyway.
Home sales using a jumbo mortgage had year-over-year growth of 7.9% through September, compared with 2.7% for nonjumbo sales, according to an analysis for The Wall Street Journal by mortgage-technology company FNC.
It’s the latest sign that jumbo loans, defined as $417,000 and up in most places ($625,500 and up in high-cost areas), are boosting sales of… Continue reading
Happy Fiscal New Year.
Last week it was announced that new home sales are up, at a seasonally adjusted annual rate of 373,000. From the bottom, that number is up nicely. But from the top, it’s way down. (Source: Calculated Risk)
As there were 141,000 new homes for sale last month, FNC’s Bob Dorsey says it should take four-and-a-half months until that inventory is clear.
Dear Valued Clients,
We at FNC are excited to announce that our Appraisal Score™ analytic solution has received a U.S. patent (U.S. Pat. No. 8,244,563), making it the nation’s first patented appraisal review tool.
America’s major loan originators, servicers, credit unions, appraisal management companies, and investors who use FNC’s Collateral Management System® (CMS®) rely on Appraisal Score to discern compliance, risk, and fraud issues in residential property… Continue reading
Join us on Sept. 17 for the next FNC Morning View. In this unscripted, conference-call talk show, mortgage industry experts Bill Rayburn and Bob Dorsey jump start your work week with an intense recap and forecast of the housing market in real time.
Access information: (800) 428-6108; Access Code… Continue reading
FNC co-founders Bill Rayburn, CEO, and Bob Dorsey, EVP of Data & Analytics, are featured speakers at the American Enterprise Institute’s annual conference, happening now in Washington, D.C.
Dr. Dorsey shares his expertise as part of a panel presentation, “The Historical Perspective — Booms, Bubbles and Busts,” beginning at 8:30 a.m. EST on Wednesday, Aug. 8. Likewise, Dr. Rayburn delivers his insights as part of a Collateral… Continue reading
What do FNC’s Collateral Management System® and our ports do for lenders? FNC cofounders Bill Rayburn and Bob Dorsey discuss.
After we posted Bill Rayburn and Bob Dorsey’s FNC Morning View episode about home price indexes, a few readers asked for more information on the different home price indexes currently available. Today, we revisit our Collateral Vision archives to bring you a post from August 2011: “Not All Price Indexes Are Created Equal.”
Have more questions about home price indexes? Leave a comment below, and we’ll get… Continue reading