The Appraisal Institute has announced a Web board to enable members in areas affected by Hurricane Katrina to discuss appraisal issues online and find publications related to appraising property after a natural disaster.The organization said it has organized a bibliography of articles and publications on the subject that can be accessed in the members-only section of its website. The institute is offering a 40% discount on its publications to members located in Louisiana and Mississippi, and to members in other affected states on a case-by-case basis. The trade group can be found on the Web at http://www.appraisalinstitute.org.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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