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New appraisal standards approved for higher-risk mortgages

Fox Rothschild LLP
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USA
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January 28 2013

A new rule passed Jan. 15 gives mortgage lenders an additional year to institute appraisal standards for higher-risk loans. Six agencies were

Foreclosures reach lowest level since 2007

Fox Rothschild LLP
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USA
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October 26 2012

The New Jersey Department of Banking and Insurance performed 173 examinations of mortgage licensees in 2011

National foreclosure rates down from last year

Fox Rothschild LLP
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USA
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September 26 2012

Market researcher RealtyTrac reports that fewer foreclosure processes were initiated in August 2012 than in August 2011

Philadelphia decides not to change foreclosure program

Fox Rothschild LLP
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USA
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April 23 2012

Philadelphia Trial Court Judges Herron and Tereshko announced in a notice to the bar that they were not going to change a popular residential foreclosure diversion program

Appraisal Institute advises US Sentencing Commission to require appraisals

Fox Rothschild LLP
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USA
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March 14 2012

The Appraisal Institute urged the U.S. Sentencing Commission to require the use of real estate appraisals when calculating loss in mortgage fraud cases

Appraisal fraud risk drops, occupancy fraud risk rises

Fox Rothschild LLP
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USA
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July 10 2011

According to the quarterly Mortgage Fraud Risk Report from Interthinx, there was a 22 percent decline in property valuation fraud risk over the previous year