Wells Fargo, JPMorgan Chase cited by CFPB for illegal kickbacks
The Consumer Financial Protection Bureau and the Maryland Attorney General announced actions against Wells Fargo and JPMorgan Chase for engaging in illegal marketing services with a now-defunct title company, Genuine Title. In addition to the banks, the bureau and Maryland took action against a former Wells Fargo employee and his wife for their involvement. In all, the penalties for the enforcement total more than $35 million.
Early adopters of Collateral Underwriter give review tool a thumbs up
There has been no shortage of debate on what impact the Jan. 26 industry-wide rollout of Fannie Mae’s Collateral Underwriter will have on everyone involved in the appraisal process, and although the jury will remain out until CU formally is introduced, early adopters of Fannie’s technology have come out in support of the software.
Value of agricultural land dips
The value of farmland has either fallen or remained stagnant year-over-year in most parts of the country, according to a new study. Keep reading to see why.
New study shows the value PV systems add to homes
The U.S. Department of Energy’s Lawrence Berkeley National Laboratory has released the findings of its 11-year study on the value that host-owned solar photovoltaic (PV) systems add to homes. The results show that homebuyers are willing to pay more for homes with PV systems regardless of state, housing and PV market, and housing type. Keep reading for the results.
Expanding appraisal education beyond the classroom
The education requirements that appraisers must meet continue to increase, even though the structure of appraisal courses often equate to a less-than-ideal learning experience. Keep reading to see why one AQB Certified USPAP Instructor is advocating expanding learning opportunities outside of the classroom.
Fannie answers questions on Collateral Underwriter — Part One
In preparation of Fannie Mae’s upcoming release of Collateral Underwriter, the agency’s appraisal risk assessment tool for lenders, the government sponsored enterprise has answered some frequently asked questions about what to expect in 2015. Keep reading to see what Fannie had to say.