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. We also commend the whistleblower for coming forward, exposing these wrongs, and working with the government investigative team.”.

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Housing Wire

FEBRUARY 2, 2024

The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. Commissions, however, are to be disbursed within a “reasonable timeframe following the expiration of the investor recapture period published on the Company’s intranet,“ the letter read.

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Housing Wire

DECEMBER 11, 2020

LendingHome , which focuses on lending to real estate investors, named Michael Bourque as CEO after he served as LendingHome’s chief operating officer and chief financial officer since joining the company in August 2018. The leadership change comes as Thomas Black, Jr. 31, when he will join Calvin Mann as counsel to the firm.

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Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. But it wasn’t enough. It’s certainly not the solution Black homeowners need now.

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Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

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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.” Lending is lending. Similar to consumer lending, you may consider a simplified tradeline-level AUS scorecard to deliver an instant decision to applicant(s).

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Real Estate Mortgage Property Taxes Law 527

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. Non-lending appraisal courses. Who staffs these types of jobs?

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Housing Wire

APRIL 20, 2022

eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. eNotes and eVaults deliver operational and cost efficiencies for originators, warehouse lenders, investors, custodians and trustees. within the mortgage ecosystem.

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Housing Wire

SEPTEMBER 28, 2023

The mortgage lending industry exists to make home loans, not to repossess them. A 2012 Gallup Poll asserted that 58% of Americans preferred that the federal government take additional action to prevent foreclosures. This won’t just protect against legal or regulatory risk. Nor should it be.

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Appraisal Today

JUNE 7, 2024

Added Fratantoni, “Government purchase volume was down less, helped by growth in VA applications. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs.” ” However, building in a water lot has its own special set of challenges. percent the previous week.

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Appraisal Insurance Contracts Business 73

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.

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Realvals

JUNE 18, 2023

The LTV is a percentage that represents the amount of money to lend compared to the value of the home. ” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. Typically, the government will notify you of their intent to acquire your property.

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Appraisal Property Taxes Real Estate Market Value 145

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

Housing Wire

SEPTEMBER 30, 2020

million borrowers, thousands of investors and more than 100 subservicing clients. On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. This will obviously be attractive as investors and MSR holders cope with the aftermath of the pandemic.

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Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. And appraisal waivers would be informed, not blind.

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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. And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it.

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Lending Government Law Mortgage 357

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Since 2016, legal immigration growth has declined by 40%. Increasing the supply of legal immigrant construction workers would accelerate economic growth. of GDP in 2020.

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Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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Renovations Investing Real Estate Marketing 287

McKissock

FEBRUARY 25, 2022

” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” My focus is lending institutions appraisals.” ” “I do a lot of legal work for attorneys.” No matter the client.” “IT/Mass Appraisal.”

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Real Estate Appraisal Easement Inspection 78

Will Springer Realtor

APRIL 6, 2021

Condo bylaws, covenants and other legal documents usually lay out in specific terms who is responsible for what.). Most other banks sell off the mortgage to others – such as Fannie, Freddie or investors – to clear their ledger and sell more loans. Getting a mortgage is complicated for several reasons.

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HOA Mortgage Buyers Insurance 36

Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Construction Supply Chain Real Estate Development 36

Housing Wire

APRIL 7, 2021

“I think the math speaks for itself how well the forbearance program has worked, and it’s one of the few times in my career that I have seen a government-initiated program adopted as well and executed as well by the industry as this one,” said Rick Sharga, executive vice president of RealtyTrac.

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Housing Wire

DECEMBER 7, 2020

While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well. At slightly less than a quarter, gifts from eligible family members were the largest source of DPA, followed by a government source at 15%, which supported more than 126,000 families.

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Clear Capital

NOVEMBER 30, 2021

They are a digital lending platform. In fact, I mean, it seems like you’ve been able to inspire investors — you just closed on your series B. So we, we got a lot of great investors involved. And they describe themself as a developer of the mobile-first home ownership platform. But that’s mobile first.

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Housing Wire

MARCH 15, 2022

A recent judge’s ruling in pending litigation involving student-loan securitization trusts could have far-reaching legal and financial implications for the private-label securities market. But if their case raises important and dispositive legal issues, they may seek permission to appeal early. Court of Appeals for the Third Circuit.

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