Congress eases curbs on foreign real-estate investors Congress passed the Sarbanes-Oxley Act. in 2002 after accounting frauds at Enron Corp. and WorldCom Inc. eroded investor confidence. higher audit and legal costs stemming from the law have prompted.
In February, the FNC RPI recorded a 28-month high after rising for 12 straight months. For the 12 months through February, the index rose 6.1% its fastest acceleration since July 2006.. Low home prices as well as low interest rates continue to drive investor activities and pent- up demand, pushing prices higher.
The FNC Residential Price Index. FNC’s index is fueled by the most comprehensive U.S. residential property database: FNC’s National Collateral Database which includes more than 78 million appraisal records in addition to public record and MLS data.
All FNC Residential Price Indices are constructed to capture unsmoothed home price trends in the non-distressed housing sector.(2) The January price index is slightly revised upward, but the size.
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FNC, Oxford, Miss., said its monthly Residential Price Index showed home prices moved slightly higher in February after dropping unexpectedly in January. Not adjusting for seasonality, FNC said February home prices rose by 0.1 percent. On a year-over-year basis, prices continue to climb at a moderate pace, up 5.7 percent from a year ago.
Morgan Stanley expects mortgage bond lawsuit from New York AG The latest legal challenges pose a risk for banks including Barclays Plc, Bank of America Corp., Morgan Stanley, JPMorgan Chase & Co. The lawsuits were filed by New York bankruptcy attorney Ed.
FNC Residential Price Index up 0.6 percent. Peak to date, about half of the component markets in the FNC 30-MSA composite index continue to show 30 percent or more declines in property values; in eight, homeowners have lost almost 50 percent or more of the peak market value. Leading the declines are Las Vegas (61.8 percent), Orlando (58.6 percent),
From FNC: FNC Index: April Home Prices Up 1.1% The latest fnc residential price Index (RPI) indicated U.S. home prices rose quickly in April, up 1.1% at a seasonally unadjusted rate. On a year-over-year basis, prices continue to enjoy modest growth, rising 5.6% from a year ago.
First American: House-buying power still strong. Consumers have lost on average about $19,000 in home-buying power over the year through August due to rising home prices and interest rates, according to First American Corp. Rising wages, though, have helped ease the pressure on affordability, the company said.
Still up, year-over-year. According to FNC ‘s residential price index, on a year-over-year basis, home prices rose 6.4% from December 2015. The fnc national residential price index, a volume-weighted aggregate price index consisting of 100 major metropolitan areas across different regions of the U.S., is constructed to capture unsmoothed home price trends.
Is the FHA about to cut mortgage insurance premiums again? FHA cuts mortgage insurance premiums again FHA cuts mortgage insurance premiums again : When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led to many question whether we would see a cut to its mortgage insurance premiums again.Prospect Mortgage refunds California homeowners SAN FRANCISCO – Prospect Mortgage Company, LLC ("Prospect") has agreed to pay the United States $4.157 million to resolve allegations that that the company committed civil mortgage fraud in connection with its participation in the Direct endorsement lender program announced U.S. Attorney for the Northern District of California Brian J. Stretch, and U.S. Attorney for the Northern District.Women of Influence 2015 Is non-QM lending the future of housing? However, because of the rules and scrutiny associated with non-QM lending, banks will probably keep them on their own books instead of selling them off to investors on the secondary market. Interest-Only Loans Are Non-qm territory. For example, interest-only loans are a popular type of mortgage that are not covered by the QM rule.Women of Influence 2015, Puget Sound Business Journal – Nominate a 2015 Women of Influence today! Help Puget Sound Business Journal honor the region’s top female business and civic leaders with.