New GSE appraisal database to tighten scrutiny on mortgage lenders

A recent MBA Chart of the Week focused on the Independent Mortgage Banks net production. but with the new TRID rules looming, is the industry staring down a black hole? The Community Home Lenders.

Among other new duties, the underwriter will take extra time to review the appraisal with all its new acronyms, confusing terms and fields; then, send it to the investor for their data-base review, receive feedback (probably negative), run it by risk-management (which is a new internal review/approval process that each lender will need to.

In the appraisal space, any new standardized data point has to make its way into the appraisal form; work must be done by forms vendors; and appraisers need to update their software and understand the new data point. Lenders then need to ensure they can collect the data point and apply it where needed, and tech vendors must update their.

Private capital filling in where banks won’t tread Barron’s has a look at Seer Capital, one investor making waves in the securitized credit and bond markets, treading where banks won’t — or can’t — go. Private capital filling in where banks won.

How to Read a Real Estate Appraisal Houston Texas New GSE appraisal database to tighten scrutiny on mortgage lenders; Home prices up the most since 2006; This gingerbread house is the worst real estate investment ever; Eminent domain debate turns the mortgage industry libertarian

This has truly gone way over my head. Eating or being eaten by perceptions. Makes not the least bit of sense even after the explanation. Let’s see, this started out as something about the uad enabling predatory appraisal report data mining by the GSEs or those favored few who gain access to the GSE files.

DeMarco pointed to the need to manage credit and interest rate risks of $5 trillion in mortgage assets and $1 trillion of annual new business and said. $2 trillion in financial obligations each.".

The new system will be available June 27. Lenders have until March 19 before they are required to send appraisal reports through the portal for all loans originated after Dec. 1.

According to the source post: HousingWire.com "New GSE appraisal database to tighten scrutiny on mortgage lenders" – Appraisers began submitting electronic property data for mortgages sold to Fannie Mae and Freddie Mac under new guidelines that took effect Thursday (9/1/11).

CMBS Delinquencies and Special Servicing Hit Record Highs real estate transactions are recorded publicly.. At the same time, the volume of distressed CMBS assets, which remained relatively low before. 2010, started to. While the high yield debt investments suffered, their special servicing businesses grew. in importance in light of the rise in delinquent loans after the crisis.Green Tree waits to be judged The leaves may be green and yet the fruit may be bitter. 2. Conduct is a sure test. This is real. It requires energy, employs faculty, and produces a tangible result. Still, it needs to be fairly judged. (1) At the right time. The tree is not barren just because it is bare in winter. We must wait for a harvest. (2) By the true standard. The.

The Appraisal Report: Last Bastion For ‘Unstructured Data’ In Mortgage Patrick Barnard March 23, 2016 18 Comments This article was originally published HERE for more articles from Patrick Barnard or Mortgage Orb, you can visit mortgageorb.com .