Housing Wire

MAY 13, 2024

But shocks to the mortgage market can deteriorate borrowers’ income, balance sheets and access to credit, affecting borrowers, government agencies, insurance companies and local governments. “I encourage Congress to remove any legal impediments to information sharing between Ginnie Mae and state regulators.

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Finance Government Mortgage Legal 439

Housing Wire

JUNE 7, 2021

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Before joining AmTrust, Bozzomo was senior vice president and managing counsel at Commonwealth Land Title Insurance Company.

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Insurance Legal Retail Government 370

Housing Wire

DECEMBER 14, 2023

Homeowner’s insurance, the servicer, and even the GSE (the actual holder of the default risk on the mortgage), represent small overall costs by comparison. A title insurance policy protects homeowners from having to pay for the costs, legal and otherwise, of resolving any covered title claim that may reveal itself after the closing.

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Insurance Property Taxes Buyers Investors 423

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.

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Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. Two of the most powerful U.S.

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Insurance Government Law Real Estate Agent 380

Housing Wire

MARCH 7, 2024

President Joe Biden’s new plan to lower housing costs includes a pilot program that waives the requirement for lender’s title insurance on certain refinance transactions, according to the White House. Meanwhile, homeowners can always purchase their title insurance policy or AOL if they choose.

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Insurance Legal Mortgage Government 471

Housing Wire

APRIL 4, 2024

The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics.

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Modernization Law Legal Landlords 275

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

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Legal Mortgage Contracts Insurance 404

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Housing Wire

FEBRUARY 27, 2023

government. Even after the 2015 law enforcement order, RMK continued to lie to military families by falsely implying government endorsement of its home loans,” CFPB Director Rohit Chopra said in a statement. RMK originated consumer mortgages, including mortgages guaranteed by the VA and mortgages insured by the FHA.

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Lending Advertising Mortgage Law 381

Housing Wire

AUGUST 22, 2023

The proposed rule will implement quality control standards that govern AVMs used by originators and secondary market issuers in valuing the real estate collateral securing mortgage loans. The National Association of Mortgage Brokers (NAMB) said it supports new federal regulatory proposals governing the use of AVMs.

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Valuation Appraisal Government Real Estate 370

Housing Wire

DECEMBER 21, 2020

The trade organization announced Elizabeth Blosser as its new vice president of government affairs. She ensured the association continued to provide networking and educational opportunities to the title insurance industry within the new platform. Finally, it named Emily Tryon its senior director of public policy and government affairs.

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Insurance Government Advertising Legal 256

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

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Mortgage Government Retail Lending 483

Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Between the launch of FHA in 1934 and when President Lyndon B.

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Housing Wire

JUNE 21, 2023

Save for the LIBOR item, the other final rules are expected in either October or November of this year.

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Valuation Finance Legal Development 358

Housing Wire

NOVEMBER 9, 2020

The FHFA reported the government sponsored entities expect e-mortgage purchases to increase in 2021. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral.

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Law Legal Technology Real Estate 433

Housing Wire

MAY 20, 2021

billion for the government-sponsored entity. McCord used escrow accounts, meant to pay homeowners’ taxes and insurance premiums, to cover First Mortgage Company’s operating expenses. As part of the plea deal, the government agreed not to push for a sentence longer than 8.5 His company serviced about 12,000 loans worth $1.8

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Mortgage Government Lending Insurance 400

Housing Wire

MARCH 20, 2024

Buyer representation becomes mainstream The dramatic volume of lawsuits filed by aggrieved buyers highlighted the urgent need for change—a need our government in all of its infinite wisdom (sarcasm intended) failed to address at the time. These are areas where professional expertise is not just beneficial but essential.

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Real Estate Buyers Agents Sellers 471

Housing Wire

OCTOBER 12, 2020

They need to not only help borrowers enter forbearance but are also required to reach out before the end of each forbearance period to determine the appropriate post-forbearance relief option based on investor/insurer waterfalls. The government response to COVID-19 has complicated this, as guidelines and requirements can change quickly.

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Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

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Legal Real Estate Appraisal Valuation 148

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. Despite these legal advancements, Black Americans still face challenges in achieving homeownership at rates comparable to other demographics.

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Real Estate Investors Business Lending 423

Empire Appraisal Group

JANUARY 20, 2022

Not all property insurance companies will cover solar panels, and the ones that do have a wide-ranging set of rules and inconsistent coverage pricing. However, potential savings could be offset by another higher cost: property insurance rates. Murphy, director of government affairs for the Florida Association of Insurance Agents.

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Buyers Insurance Agents Legal 78

Housing Wire

JANUARY 18, 2024

Settlor is a spin-off of Land Title Guarantee Company , but Qualia noted in its complaint that it is still investigating how much governance and oversight the title firm has over its title production software startup. In the complaint, Qualia states that is reached out to Myers on Sept.

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Contracts Government Business Marketing 412

Housing Wire

APRIL 12, 2023

Many of these BEC scams are perpetrated by well-organized overseas criminal groups that operate with the sanction of corrupt or authoritarian governments, which also get a cut of the action, according to cybersecurity experts interviewed by HousingWire. The nations that harbor these criminal enterprises are typically U.S.

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Real Estate Government Technology Real Estate Agent 381

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. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

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Business Law Real Estate Investors 482

Housing Wire

DECEMBER 8, 2023

Includes AZ Legal Updates, AZ Disclosures, Exploring Fair & Affordable Housing, Managing Risk in Real Estate Business CE Sales Package with Ethics: Required 24 hrs of coursework. Includes Agency Law, Contract Law, Commissioner’s Standards, Disclosure, Fair Housing, Legal Issues & General. out of 5 stars Rating: 4 out of 5.

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Real Estate Contracts Law Real Estate Agent 388

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. A certification lightens the legal liability of bias. After all, it wasn’t so long ago appraisers received assignments via fax machine.

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Appraisal Inspection Real Estate Agent Training 404

Housing Wire

FEBRUARY 8, 2022

But to simplify their operations, servicers voluntarily offered the safeguard for all borrowers, not only those who had loans guaranteed by government agencies, such as Fannie Mae and Freddie Mac. We already know that government staff were low, to begin with. A lot of people left work and didn’t come back during COVID.

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Law Mortgage Legal Finance 369

Cleveland Appraisal Blog

JUNE 18, 2022

Eminent domain or the power of the government to take private property for a public use without the landowner’s consent is embedded in the Fifth Amendment to the U.S. This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly.

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Appraisal Law Development Valuation 309

Raleigh Realty

FEBRUARY 19, 2022

They should also hold professional liability insurance which will cover you if the surveyor makes a mistake when surveying the property and goes over property lines. Hiring a professional surveyor is the only legally binding method to determine exactly where the property lines fall. Is there an app that shows property lines?

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McKissock

OCTOBER 23, 2020

If the IRS reviewer rejects an appraisal, there could be significant restraints on any future appraisal work for the IRS or other federal government agencies. Insurance claims. There is substantial demand for litigation support services to the legal community. Partitionment.

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Appraisal Insurance Legal Development 77

Housing Wire

APRIL 5, 2022

There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Section E: Yay, no government fees… for now! The IRS and government agencies haven’t provided guidance and regulation yet. Defining virtual real estate.

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Real Estate Mortgage Property Taxes Law 527

D Fritz Appraisals

MAY 9, 2022

According to the Government of Canada , there’s a significant difference between separation and divorce. . Insurance policies. A separation agreement is a legal, written record of how a couple has settled their issues related to their separation. . More specifically, how and when can you divide property? Investments. Businesses.

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Law Legal Appraisal Market Value 114

Appraisal Today

MAY 10, 2024

There is administrative time involved, as well as legal factors. The clarifications were made to long-standing policies in our Guides intended to ensure the borrower has sufficient property insurance coverage in the event of a loss, and the February announcements did not change these policies. First, the burden on borrowers.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Eppraisal

JANUARY 23, 2024

    Exploitive Lending and Mortgage Relief There have been 35 mortgage relief scams filed by the Federal Trade Commission in recent years, in which scammers promise to negotiate your rate with mortgage lenders, audit loan paperwork or provide legal services for a fee. Some pretend to be with the government.  Other

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D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. This can provide access to lower interest rates and extended repayment periods, potentially saving money on mortgage payments.

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Real Estate Investing Appraisal Market Value 124

Zillow

JULY 15, 2019

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs.

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Real Estate Agent Insurance Inspection Buyers 56