According to the Home Price Perception Index released today by Quicken Loans, homeowner optimism is continuing to outpace that of actual property appraisal values.
On a national level, the Index revealed that in March, home values as determined by appraisers were actually 2 point 17 percent lower than what homeowners expected. That’s a wider gap than in February, when appraised value was just 1 point 99 lower than the homeowner’s expectation.
The implementation of the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure rule brought a number of both changes and headaches for originators, but what will be the impact on loan securitizations? A residential mortgage-backed securities report from Morningstar Credit Ratings found that potential errors related to a new residential mortgage disclosure rule are not a significant source of credit risk to securitizations.