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Judge green lights amended predatory lending suit against Wells Fargo

Housing Wire

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. Wells Fargo has been under fire numerous times in the past over discriminatory lending allegations. The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

Lending 356
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The VA’s little-known program for Native American veterans

Housing Wire

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. from 2012 to 2021. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists.

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Blend launches housing equity program

Housing Wire

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. Launched in 2012, Blend raised $300 million in January 2021, not long after it introduced a series of consumer banking tools.

Legal 400
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Nonbank lender job cuts could shorten the market downturn

Housing Wire

Over the last year, it has also sold off large chunks of the business – including sub-servicing with ServiceMac and delegated correspondent to Planet Home Lending – which accounts for several thousand workers transitioning to new firms. billion in 2012, the company decided to shutter its business in 2017.

Marketing 353
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5 Resources to Protect Your Appraisal Practice

McKissock

Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected. Craig Capilla will discuss the legal ins and outs of the engagement letter to put appraisers in the best position to satisfy client expectations and limit liability.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

“Every time, my family was in the construction lending business, and they’d lose homes and file bankruptsy. So, in 2012, he decided to start a property management company rather another traditional real estate brokerage. ” Brady had already been through three recessions.

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New FHA Eligibility for DACA Recipients!

On Q Financial

Established in June of 2012, Deferred Action for Childhood Arrivals, or DACA, granted special protections for undocumented children who entered the country under the age of 16 and were under 31 at the time. Among other protections, DACA allows recipients to legally work in the U.S. History of FHA Loans for DACA Recipients. NMLS 5645 |.

Law 42