Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. Presented by: Mortgage Coach.

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Law Legal Valuation Government 411

Empire Appraisal Group

DECEMBER 28, 2022

Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? NEW YORK – Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. The post Does Adding an In-Law Suite Pay Off? Florida Realtors. By Liz Weston.

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Law Legal Construction Property Taxes 78

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. The Consumer Financial Protection Bureau (CFPB) has 11 different items in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House.

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Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? They can be, in essence, the “boots on the ground” for investors and developers alike. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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Brokerage Real Estate Investors Development 361

Housing Wire

JUNE 3, 2022

Two years ago, the regulator of the nation’s biggest banks moved alone to rewrite the Community Reinvestment Act (CRA), the country’s premier anti-redlining law. He said that the new rule — if successful — will correct the racial discrimination it was first designed to solve. “If If it works, all the needs will be met,” said Hsu. “We

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Housing Wire

OCTOBER 25, 2023

FinCEN said it worked with local law enforcement to identify the new areas for GTO coverage. For that reason, Treasury is committed to developing a solution to increase the transparency in the domestic real estate market.” The new requirements are effective through mid-April 2024. real estate market to launder money. financial system.

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Housing Wire

FEBRUARY 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

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Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

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Housing Wire

APRIL 7, 2022

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Before you do anything, you should ask your underwriter whether they will insure RON closings at all. How should you prepare for RON?

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Law Technology Insurance Agents 348

Housing Wire

AUGUST 22, 2023

On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. Department of the Treasury ; and the Federal Reserve System. The MBA and the CBA requested an adequate implementation timeline of at least 12 months.

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Valuation Appraisal Government Real Estate 355

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

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Real Estate Contracts Law Real Estate Agent 320

Housing Wire

MARCH 31, 2021

Biden is also calling on Congress to eliminate exclusionary zoning laws, which he says inflates housing and construction costs – an issue that has crippled homebuilders across the country for more than a year. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI).

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Housing Wire

NOVEMBER 9, 2020

Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. This occurred even though Minnesota passed a RON law a few years ago.

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Law Legal Technology Real Estate 431

Will Springer Realtor

OCTOBER 11, 2023

Zoning laws in the U.S. The laws also play a role in community planning. The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The laws can be a double-edged sword.

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Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Digital adoption has been hampered by state laws since a federal law that outlines practices for remote online notarizations does not exist.

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Business Law Real Estate Investors 447

Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. The White Paper That Started It All.

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Real Estate Law Development Investors 370

Housing Wire

OCTOBER 12, 2022

A record number of title insurance professionals gathered on Coronado Island, just a few miles from downtown San Diego, at the Hotel del Coronado for the American Land Title Association ’s annual ALTA One conference on Wednesday. We are better and stronger as a group,” McBride said.

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Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. For a borrower with tarnished credit and thus unable to get conventional financing, an FHA-insured mortgage is the go-to choice. Many have called for reductions.

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Housing Wire

MAY 6, 2024

That question would be answered succinctly when the Dodd Frank Act retooled the entire consumer regulatory structure, redrafting lending and closing documents, stiffening enforcement of laws long on the books and creating new ones, and sending participants in the real estate process into a panic trying to figure out to make it all work.

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Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. Instead of letting the fee expire on Oct. Conclusions.

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Housing Wire

FEBRUARY 15, 2022

Securities and Exchange Commission uncovered a total of 487 instances over the past six years in which the nation’s SEC-registered credit-rating agencies were deemed by agency staff to be in non-compliance with federal securities laws or related SEC rules, a recent SEC staff report reveals.

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Housing Wire

MARCH 10, 2022

The Federal Housing Administration (FHA), within the department of Housing and Urban Development , provides mortgage financing for borrowers the conventional market doesn’t serve, yet it has been understaffed for over a decade. Fannie Mae had 7,400 full-time employees as of Dec. That’s just shy of the $452.3

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Finance Development Training Government 347

Zillow

NOVEMBER 24, 2016

By Barry Bridges The term “mother-in-law apartment” seems straight out of the Don Draper era - a sardonic reference to strained relations between married couples and parents. ADUs are also referred to as mother-in-law suites or guesthouses. The potential benefits of a mother-in-law apartment are clear.

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Law Insurance Landlords Tenants 36

Housing Wire

FEBRUARY 8, 2022

Department of Housing and Urban Development approved housing counseling agencies to do more effective outreach to some of the harder-to-reach borrowers. That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. Foreclosure rules change according to where the borrower lives.

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Law Mortgage Legal Finance 339

Assurance Financial

APRIL 29, 2021

Loans with an AMI limit are typically designed to help people who would otherwise not qualify for a mortgage to purchase a home. FAIR (Fair Access to Insurance Requirement). A Fair Access to Insurance Requirement (FAIR) Plan is a type of insurance policy designed to provide coverage to homeowners whose property is considered high risk.

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Mortgage HOA Insurance Real Estate Agent 74

The Robert Weiler Company

SEPTEMBER 30, 2020

In most instances, such as public development projects or litigation cases, the commercial appraisal review is a mandatory examination of an appraisal report to spot mistakes, address errors in a CRE appraiser’s judgment or update information based on changing conditions due to the passage of time. Concerning capitalization rates, 44.5%

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Real Estate Appraisal Property Appraisal Valuation 137

The Robert Weiler Company

DECEMBER 9, 2022

Despite licensing, the law requires that a commercial real estate agent work under a commercial broker or for commercial real estate companies. Principal/Designated Brokers ensure that the commercial brokerage’s agents comply with state and federal laws. Find Commercial Realtors Near Me (Columbus, Ohio).

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Real Estate Agent Realtors Real Estate Agents 78

The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. Just as there are two sides of a spectrum in residential real estate with new development and house flippers, characteristic types exist similarly in industrial space for rent.

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Logistics Tenants Real Estate Modernization 147

Realvals

JUNE 18, 2023

Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. As an executor of an estate, your responsibility is to manage and distribute assets according to the deceased’s will or state law. Additionally, having an appraisal helps ensure compliance with tax laws.

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Appraisal Property Taxes Real Estate Market Value 145

Raleigh Realty

FEBRUARY 19, 2022

While there are different laws for different states, Fannie Mae has a general list of requirements on their site. Often new constructions don't have developed yards. One fee is mortgage insurance, which the bank takes in case you default on your home. This process is heavily regulated. How Long Does an Appraisal Take?

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Appraisal Process Appraisal Construction Sellers 139

Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. He designed the estate, completed in 2000, from the ground up. The problem?

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Appraisal Real Estate Valuation Contracts 86

PennyMac

JUNE 2, 2022

For example, typical annual costs include things like: Insurance. He has earned the IRS’ Enrolled Agent designation for tax preparation and expertise, and advises that new investors do their homework before they buy. Property taxes. Maintenance costs. Mortgage payments. It sounds overwhelming but it’s really not. Ernie Rafailides.

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Real Estate Investing Tenants Property Management 69

The Robert Weiler Company

NOVEMBER 10, 2021

That’s because it’s a design most adaptable to various uses and future expansion as business needs evolve. Less Onerous Insurance Policies: While it’s valid that multifamily properties have more to insure, often, these policies are easier to read and manage. Landlubber’s Delight: Land on the Right Land for Sale.

Real Estate 78

Real Estate Retail Investing Tenants 78

Will Springer Realtor

JULY 13, 2023

Local government, developers, architects and others will need to step up and take responsibility for the sake of our city. In a recent survey by Houzz, 79% of construction and design businesses reported experiencing moderate to severe labor shortages. We’ll have new incentives, and quite frankly, this will inform our budget,” he said.

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Construction Supply Chain Real Estate Development 36

Will Springer Realtor

AUGUST 9, 2022

Most zoning laws grant units up to 1000 sq. Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. Don’t get me started about Seattle’s design review exercise!) . Kirkland gets it too.

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Inventory Buyers New Listings Construction 36

Assurance Financial

JULY 27, 2021

Some home loans are designed for people who meet specific criteria, and others for people who might not qualify for another type of loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). You have lots of options when choosing a mortgage.

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Mortgage Government Construction Insurance 69

PennyMac

NOVEMBER 29, 2022

If you don’t include a down payment of at least 20%, you will need to pay mortgage insurance. This federal loan program is designed for first-time homebuyers interested in purchasing a foreclosed home owned by Fannie Mae. FHA loans are offered through the Federal Housing Administration. HomePath Ready Buyer. Good Neighbor Next Door.

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Government Mortgage Finance Design 36