News

An analysis of large commercial mortgage-backed securities deals by The Real Deal found that ratings agencies routinely shave more than 20 percent off bank appraisals in the lead-up to bond offerings.
U.S. Bank's focus on appraisal compliance has been accelerated by the 2010 Dodd-Frank Act, which emphasizes appraisal independence and mandates that banks pay appraisers "customary and reasonable" ...
WASHINGTON — Three federal bank regulators are proposing to raise the threshold for residential real estate transactions that require an appraisal from $250,000 to $400,000 in order to ease regulatory ...
It used to be a market mantra: A house is worth only as much as a buyer is willing to pay. But given today's bank failures, foreclosures and tightened credit, real estate experts have had to ...
The second appraisals were the typical lender’s/bank appraisals that are ordered by your mortgage company when you’re in the process of buying a house.
"As previously announced, Bank of America Home Loans plans to exit the correspondent mortgage lending channel and focus entirely on retail distribution for its mortgage products and services ...
HUD has announced a $50,000 settlement between JPMorgan Chase and a Black homeowner who reported racial bias during an appraisal.
FRONT PORCH BLOG: David S. Kennelly, the bank’s former chief lending officer, acknowledges he withheld appraisals to conceal problems with the bank’s real estate development loans. In one case ...
But the bank-ordered appraisal he got on the building he’s owned since 2012 at 951 Dana Ave. seemed absurdly low at $359,000, Horton said.