Viewmodel has lots of properties which bind to view
This is a very common problem while working with MVVM. I believe the best solution to resolve this is to implement INotifyPropertyChanged in Models; that way you can directly bind the model properties in view and there will be no need to update them explicitly.

Even MS prescribes doing that -


  Typically, the model implements the facilities that make it easy to
  bind to the view. This usually means it supports property and
  collection changed notification through the INotifyPropertyChanged and
  INotifyCollectionChanged interfaces. Models classes that represent
  collections of objects typically derive from the
  ObservableCollection class, which provides an implementation of the
  INotifyCollectionChanged interface.


Taken from - http://msdn.microsoft.com/en-us/library/gg405484(PandP.40).aspx

Although its up to you to decide whether you want that type of implementation or not; and sometimes its not possible to do this too (e.g. you don't have ownership of model classes).

In case you have doubts about implementing INotifyCollectionChanged in Models, have a look at following SO question -

https://stackoverflow.com/questions/6922130/in-mvvm-model-should-the-model-implement-inotifypropertychanged-interface