Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The National Consumer Law Center (NCLC) quickly lauded the development, according to an announcement issued by the organization.

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Lamacchia Realty

APRIL 5, 2023

Last week, the state of Florida finalized a new comprehensive affordable housing law which will infuse over $700 million into housing and make it easier to build new housing with zoning changes and tax breaks. Removes a provision in current law that would allow local government to impose rent control in certain circumstances.

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Housing Wire

JANUARY 26, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) issued a management alert this week, saying that the department has struggled to identify and prevent “improper payments” related to its programs for 11 consecutive years. billion in FY16 to $45.3 billion in FY23, which is 67.5%

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Housing Wire

APRIL 4, 2024

An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute.

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Housing Wire

NOVEMBER 21, 2023

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus.

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Housing Wire

DECEMBER 5, 2023

The lawsuit, filed in the Fourth Judicial Circuit Court in and for Duval County, Florida, sought $340 million in damages and injunctive relief under the Florida Uniform Trade Secrets Act and declaratory judgment of ownership of all intellectual property and software developed by or on behalf of Pennymac. per share.

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Housing Wire

APRIL 25, 2024

Zillow posited that further work is required to “educate people about their rights under fair housing laws.” Department of Housing and Urban Development awarded $30 million to 78 agencies in 37 states, the District of Columbia and Puerto Rico to combat Fair Housing Act violations. More than 2,000 DPA programs are available in the U.S.

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Housing Wire

JANUARY 3, 2024

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The HUD program is a loan program that aids organizations in recruiting skilled workers for hard-to-fill or hard-to-recruit positions,” the announcement said.

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Housing Wire

FEBRUARY 21, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), the New York City Department of Investigations (DOI), the U.S. That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since.

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Housing Wire

JULY 12, 2023

In early 2022, seven agencies, including the Consumer Finance Protection Bureau , gave lenders the green light to develop SPCPs and increase credit access to historically disadvantaged individuals without worrying that they’d violate fair lending laws.

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Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. The Financial Literacy and Education Improvement Act, signed into law by President George W. Among a series of 24 examples of federal financial literacy programs for these groups, the U.S.

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Housing Wire

JUNE 14, 2022

Owners of a Florida-based law firm were ordered to pay close to $4.6 The consent order puts an end to a lawsuit originally launched by the Department of Justice in 2018 against law firm Advocate Law Groups of Florida P.A. We will continue to use our federal civil rights laws to protect the rights of homeowners,” Clarke said.

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Housing Wire

JUNE 1, 2023

“The proposed standards are designed to ensure a high level of confidence in the estimates produced by AVMs; help protect against the manipulation of data; seek to avoid conflicts of interest; require random sample testing and reviews; and promote compliance with applicable nondiscrimination laws,” the agencies said.

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Housing Wire

JUNE 1, 2023

The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen.

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Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.

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Housing Wire

MAY 5, 2023

As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” Smith and Rounds have been heavily focused on affordable rural housing issues recently, with both senators spearheading hearings on the topic in order to develop a plan.

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Housing Wire

OCTOBER 10, 2022

Toll, who co-founded the large nationwide development firm alongside brother Bruce in 1967, was 81 and had Parkinson’s disease. Toll started the company after graduating from the University of Pennsylvania law school in the mid-1960s and time spent working at Philadelphia law firm Wolf Block.

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Housing Wire

JANUARY 28, 2021

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

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Housing Wire

SEPTEMBER 1, 2023

The proclamation suspends several housing provisions, including historic preservation, environmental review, sunshine and collective bargaining laws. It replaces them with rules that permit rapid development and construction of new housing units, a move to address ballooning costs.

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Housing Wire

FEBRUARY 14, 2024

.” Tenth Judicial District Attorney Jeff Chostner added that the most likely victims of these kinds of property fraud are elected officials, who are often targeted by “discontented political activists,” including so-called “sovereign citizens” who believe the laws of the U.S. do not apply to them.

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Housing Wire

JANUARY 8, 2024

Department of Housing and Urban Development (HUD) to greater risk this year according to a report from the HUD Office of the Inspector General (OIG). The HUD OIG has also opened an inquiry into the specifics of RMF’s extinguishment from the HMBS program.

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Housing Wire

NOVEMBER 18, 2022

In 2008, membership was again expanded by Congress to include Community Development Financial Institutions (CDFIs), and finally, in 2015, to include non-federally insured credit unions. However, the smaller FDIC-insured institution members are permitted to obtain long-term advances to fund small business and community development activities.

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Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. TCB attorneys claim that Ginnie Mae’s positions are not supported by previously approved agreements, nor are they supported by law. Attorneys for the U.S.

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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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Housing Wire

NOVEMBER 21, 2022

Northern Virginia and Maryland (DMV) area, Baltimore, Fairfield County Connecticut and Seattle, title insurance companies are now required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies in the Texas cities of Houston and Laredo. financial system.

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Housing Wire

FEBRUARY 16, 2024

In-person hurdles An in-person counseling requirement remains law in Massachusetts, which contributed to the halting of reverse mortgage business throughout the state at the onset of the COVID-19 pandemic due to stay-at-home orders handed down by then-Gov. Not just those who support my bill but also those that oppose it.

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Housing Wire

SEPTEMBER 28, 2023

On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. Accordingly, REX’s claims should not be put to a jury, and the Court should enter judgment in Zillow’s favor as a matter of law under Federal Rule of Civil Procedure 50(a).”

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Housing Wire

JULY 26, 2021

Farmer has 14 years of experience in residential and commercial real estate, and has represented clients in sales and leasing of retail and office properties, and serving as a commercial real estate associate for a Florida law firm, where he represented commercial real estate developers. billion — an increase of 41% year over year.

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Housing Wire

OCTOBER 5, 2022

“Actually, I feel remote online notarizations could streamline the process for larger entities, hedge funds and investor builders,” said Rachel Luna, agency development manager at Patriot Title Co. By July, a total of 41 states had enacted laws enabling the use of remote online notarization. 1625, introduced by Sens. .”

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Housing Wire

FEBRUARY 6, 2024

Lending discrimination violates the law and harms communities and entire families for generations,” Attorney General Merrick Garland said in a statement. The complaint adds that the bank did not track how its mortgage loan officers developed loan referrals or how they distributed the marketing materials.

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Housing Wire

MARCH 8, 2023

Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said. These include excessive late fees and fees for unnecessary property inspections.

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Housing Wire

SEPTEMBER 22, 2023

On Thursday, the trade group informed members that it was bringing in a third-party human resources reporting system and a third-party independent law firm to conduct a review of the organization. The letter also addresses a separate letter from Denise Drake, an attorney at Polsinelli Law Firm , to Goldberg dated July 14, 2023.

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Housing Wire

MAY 23, 2023

The lawsuit , first brought in 2015, takes issue with a policy that has been in place within New York City since 1988 and reserves 50% of the units in most subsidized affordable housing developments for residents of the local community district.

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Housing Wire

DECEMBER 7, 2021

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. It’s already allowable under the law. Regulators are comfortable with it.

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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. financial system.

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Housing Wire

MARCH 21, 2022

Custom homes are frequently developed, and the site is used as security for a short-term construction loan to complete the project. To purchase land and split it up, a developer needs to get their subdivision plans, one or more lawyers to work with local laws and zoning, and people who can help with construction to help them with the process.

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