Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Is there demand for “mortgages” to buy virtual real estate in the Metaverse?

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Real Estate Mortgage Property Taxes Law 527

Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., 17 unless Congress acts.

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Housing Wire

JANUARY 20, 2021

Department of Housing and Urban Development declared Wednesday that the Federal Housing Administration will once again back mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. HUD said DACA recipients who are legally permitted to work in the U.S. are not eligible for FHA-insured mortgages.” .”

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Mortgage Law Insurance Legal 546

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government. government.

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Housing Wire

MAY 13, 2024

A recently published report by the Financial Stability Oversight Council (FSOC) identified vulnerabilities at nonbank mortgage servicers that pose risks to financial stability. The attention on nonbank mortgage companies have increased since their expansion following the financial crisis of the late 2000s.

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Finance Government Mortgage Legal 395

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , Mayopoulos resigned from Fannie Mae in 2018 and joined mortgage software startup Blend the following year, becoming one of the highest-profile executives to join the fintech industry.

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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 481

Housing Wire

DECEMBER 14, 2023

The fees paid to the mortgage-backed security (MBS) investor and lender are next with the accumulated cost of the annual interest payments made to the investor(s) that purchased the MBS bond containing the mortgage, and the lender’s net origination charges at closing plus the accumulated value of the excess interest the lender charges for profit.

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Insurance Property Taxes Buyers Investors 389

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Since 2016, legal immigration growth has declined by 40%.

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Insurance Construction Government Lending 367

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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Law Legal Valuation Government 411

Housing Wire

MAY 20, 2021

The founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also the president of the Mortgage Bankers Association in the late 1990s, pleaded guilty to five counts of bank fraud, money laundering and false statements to a financial institution. billion for the government-sponsored entity.

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Mortgage Government Lending Insurance 335

Housing Wire

MAY 13, 2024

A coalition of trade organizations — including the American Bankers Association (ABA), the Housing Policy Council (HPC), the Independent Community Bankers of America (ICBA), the Mortgage Bankers Association (MBA) and U.S. historical dataset. that use trended credit bureau data.

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Housing Wire

MARCH 24, 2022

A HUD spokesperson denied the department has any intention of eliminating the use of these programs with FHA-insured mortgages. Leaders of the tribes wrote that HUD had not met its legal obligation to consult with them before the proposed rule. They voiced their concerns in a March letter to HUD Sec. Marcia Fudge.

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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 342

Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). the trade groups state. Department of the Treasury ; and the Federal Reserve System. .

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Valuation Appraisal Government Real Estate 356

Housing Wire

NOVEMBER 1, 2021

The Federal Housing Finance Agency today announced the hiring of a new legal advisor to FHFA Acting Director Sandra Thompson as well as the replacement of a Trump-era hire with a veteran agency official. think-tank that advocates for free enterprise and a limited government. Coates has been at the FHFA since its inception.

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Housing Wire

AUGUST 4, 2021

In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. The funds can, potentially, be used to pay debt owed the government, in the form of delinquent property taxes.

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Property Taxes Government Legal Development 414

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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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

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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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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 224

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

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Law Legal Technology Real Estate 432

Housing Wire

JULY 30, 2021

““The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments. The CDC ban has also faced numerous legal challenges from property owners. Other federal agencies are expected to follow suit.

Real Estate 457

Real Estate Finance Legal Insurance 457

Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. A deed transfer often includes the new owner ensuring they are the property holder through title insurance.

Real Estate 457

Real Estate Law Inspection Agents 457

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. However, the Freedom case represented a “wakeup call.”

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Housing Wire

APRIL 27, 2021

The federal government is well aware that mortgage lenders and industry stakeholders are frustrated by the 7% cap on second homes and investment properties that was implemented as part of a broader series of amendments to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements. The revised PSPAs require that beginning Jan.

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Housing Wire

OCTOBER 12, 2020

Under the CARES Act, homeowners have been able to ask for forbearance from their mortgage servicers and suspend payments for up to 12 months. Though numbers have declined since hitting a peak earlier this year, the Mortgage Bankers Association estimates there are still at least 3.4 million homeowners in forbearance plans.

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Housing Wire

APRIL 23, 2024

But Dwiggins is more optimistic that the government-sponsored enterprises (GSEs) will come around sooner rather than later. “I Additionally, Dwiggins sees the possibility of an increase in errors and omissions insurance costs for agents and brokers, as unrepresented buyers and dual agency are major sources of insurance claims. “If

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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

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. In that model, the only marketing of foreclosure auctions is through notices in a local newspaper or legal publication.

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Renovations Investors Buyers Retail 325

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 393

Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. But the federal government’s merger review process is, at the end of the day, a formality, if a sometimes time intensive and messy formality.

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Lending Government Law Mortgage 351

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. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

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Business Law Real Estate Investors 448

Housing Wire

DECEMBER 7, 2020

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. Presented by: Quicken Loans Mortgage Solutions. While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well.

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Law Government Finance Mortgage 481

Realtor

OCTOBER 29, 2020

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

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Buyers Inspection Contracts Real Estate Agent 208

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible.

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