Freddie Mac has gotten the green light for its appraisal alternative for purchase loans, and has released information about how similar automated collateral evaluations for refinances have performed.
Recent data from an analytic company shows that Staten Island, N.Y., home values have increased dramatically over a 35-year period while income rates have not seen the same hike.
A Lexington, Ky., man was sentenced Monday to five months in prison for conspiracy to commit wire fraud and making false statements to a federal agency after he was paid for home appraisals he didn't do.
Homeowners continue to view their property value higher than appraisers do, while homeowners in areas experiencing rapid growth may be more likely to underestimate their home's worth.
Home prices in Canada’s largest city posted their biggest monthly drop in at least 17 years in July and sales plunged as government efforts to cool the market and the near-collapse of a mortgage lender made buyers leery.
