Housing Wire

MAY 4, 2022

In August 2021, the Department of Justice and the Office of the Comptroller of the Currency used the bank’s lack of Spanish-language marketing materials or loan officers with Spanish language skills to bring down the hammer on Cadence Bank for redlining. The bank, whose assets total over $18 billion, paid $8.5 million to settle the charges.

Legal 341

Legal Lending Government Loan Officers 341

Housing Wire

NOVEMBER 18, 2022

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process. imposes market discipline).

Legal 287

Legal Law Insurance Finance 287

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets.

Business 337

Business Marketing Real Estate Legal 337

Inman

NOVEMBER 24, 2023

The future of real estate depends on the actions we take today in the wake of Sitzer | Burnett. Coach Darryl Davis offers advice for taking a proactive approach to whatever comes next for brokers.

Legal 130

Legal Real Estate Marketing Brokerage 130

Appraisal Buzz

AUGUST 24, 2021

The “Valid-When-Made” Rule is under attack in federal courts, and Legal League 100’s Special Initiatives Working Group and LL100’s Chairman Stephen Hladik break down its ramifications in an informative White Paper and webinar. The post The Impact of a Century’s-Old Doctrine on the Mortgage Market appeared first on DSNews.

Marketing 370

Marketing Mortgage Legal Appraisal 370

Housing Wire

JANUARY 25, 2024

The PLS.com and three of the nation’s largest multiple listing services have reached a settlement agreement in their ongoing legal battle. Originally filed in May 2020, the lawsuit takes aim at NAR’s ban on pocket listings. The original lawsuit was dismissed in Feb.

Legal 386

Legal Real Estate Agents Realtors 386

Housing Wire

JUNE 18, 2021

If a foreclosure is contested, Vanslette said it can take anywhere from one to two years for the loan to make its way through the legal system due to its likelihood of ending up in a nonjury trial. The post The housing market outsmarted the foreclosure crisis appeared first on HousingWire. Become a member today. Already a member?

Housing Market 452

Housing Market Marketing Legal Law 452

Housing Wire

APRIL 4, 2023

The Consumer Financial Protection Bureau (CFPB) issued a new policy statement on Monday that outlines standards for the legal prohibition of abusive conduct in consumer financial markets, summarizing over a decade of precedent. Abusive conduct prohibitions were established in the wake of the 2008 financial crisis.

Marketing 319

Marketing Law Legal Government 319

Housing Wire

JANUARY 29, 2024

Two days after The PLS.com and three of the nation’s largest multiple listing services notified the court they had reached a settlement in their ongoing legal battle, the listing site filed a motion to dismiss the only remaining defendant, the National Association of Realtors , without prejudice. The original lawsuit was dismissed in Feb.

Legal 358

Legal Real Estate Agents Realtors 358

Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. They also highlight a provision added by the IALC in August, allowing KW to utilize profit-share program funds for legal defense against disputes. Moulder, David L. Bueker and Robert E.

Brokerage 488

Brokerage Legal Agents Realty 488

Housing Wire

MARCH 14, 2024

housing market. Legal experts told HousingWire that it is rare to see the Fed offer an opinion about an ongoing legal debate, as it typically does not want viewed as an influence on court decisions. Because of this, the authors believe buyer agents are then able to “command commission above cost.”

Agents 353

Agents Legal Real Estate Agent Buyers 353

Housing Wire

FEBRUARY 16, 2024

Keeping in compliance and satisfying the legal requirements of referrals can be a consuming process, but MLS Match really cuts down on the time and creates a win-win scenario. MLS Match enables CRMLS users to connect with other agents not only within California but also nationwide and in key international markets such as Mexico.

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Agents Legal Tools Technology 326

Housing Wire

MARCH 14, 2024

Hello Divorce , a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets.

Real Estate 399

Real Estate Legal Modernization Clients 399

Housing Wire

DECEMBER 20, 2022

The builders will finish what they are legally obligated to do. This has nothing to do with the existing home sales market; this monthly supply data only applies the new home sales market. months, and below, this is an excellent market for builders. months , this is an OK market for the builders. When supply is 4.3

Housing Market 393

Housing Market Marketing Construction Supply Chain 393

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing 345

Marketing Mortgage Investors Legal 345

Housing Wire

DECEMBER 13, 2021

Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management ’s latest critical defect report. of the total), followed by borrower and mortgage eligibility (10.4%) and legal/regulatory/compliance (10.4%).

Marketing 288

Marketing Appraisal Process Legal Appraisal 288

Housing Wire

NOVEMBER 9, 2023

The heightened consumer protection focus from government agencies, combined with the Department of Justice’s ongoing legal feud with the National Association of Realtors and its recent involvement in the Nosalek commission lawsuit , has many in the industry expecting that the DOJ will get involved in the Sitzer/Burnett suit, and potentially others.

Legal 337

Legal Real Estate Real Estate Agent Law 337

Housing Wire

AUGUST 3, 2023

This move comes as @properties aims to expand its business and enhance legal support across its portfolio of enterprises. Lopez, who joined @properties in November 2022 as Director of Legal, has proven herself as a key member of the leadership team for @properties and Christie’s International Real Estate.

Legal 299

Legal Law Real Estate Brokerage 299

Housing Wire

MARCH 18, 2024

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. When announcing earnings in early February, company executives commented on the legal battle. PennyMac Financial Services has paid $158.4

Legal 328

Legal Contracts Technology Development 328

Housing Wire

DECEMBER 19, 2023

A number of economic, legal, policy and public pressures will continue to keep fairness issues front-and-center for the foreseeable future — particularly around lending and loan default servicing. Recent regulatory actions have targeted marketing practices, credit allocation and product offerings.

Legal 356

Legal Supply Chain Law Lending 356

Housing Wire

FEBRUARY 18, 2021

It’s no secret the housing market impacts the economy and vice versa. A homebuyer’s guide to a competitive housing market. President Biden’s been vocal about his plans to address today’s housing market inequalities. The post 3 ways Biden’s presidency could impact the housing market appeared first on HousingWire.

Housing Market 404

Housing Market Marketing Renovations Legal 404

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

The real estate market has been on a crazy ride for the past few years. Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time. In the meantime, I had a chance to interview Anastasia Corjan, who is the Senior Marketing Manager at CubiCasa.

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Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

MAY 2, 2024

They also claim it didn’t have the right to amend any aspect of the program’s method of calculating a market center’s profit-sharing contribution or a recruiting sponsor’s profit-sharing distribution, except as specifically directed by the IALC. In February 2020, KW introduced a more restrictive policy to its profit-sharing program.

Agents 379

Agents Brokerage Legal Real Estate 379

Real Estate News

SEPTEMBER 11, 2023

Indie brokerage network LeadingRE has a new COO, chief legal officer; marketing platform Addressable taps Opendoor exec as COO; Women's Council names new CEO.

Legal 272

Legal Brokerage Marketing 272

Housing Wire

MARCH 8, 2024

The CFPB said that the “credit reporting industry is highly concentrated” and that “these steep increases in a market that lacks competition and choice warrant further scrutiny.” “In The services covered, such as appraisals and flood hazard certifications, bring efficiency to the mortgage market and benefit consumers.

Mortgage 427

Mortgage Legal Insurance Finance 427

Housing Wire

MARCH 13, 2024

In their motion, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.” Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ argued.

Legal 388

Legal Contracts Sellers Buyers 388

Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. Will it work well with your new clients in that market segment?

Business 289

Business Marketing Law Technology 289

Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

FEBRUARY 29, 2024

In the filing, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.” Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ argued.

Legal 350

Legal Contracts Sellers Buyers 350

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. Increasing the tone of the legal battle, Pennington filed a counterclaim against Movement requesting about $9.8 million in unpaid compensation.

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Loan Officers Legal Retail Finance 310

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 364

Inventory Agents Real Estate Sellers 364

Housing Wire

JANUARY 27, 2022

With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. Jeremy Potter Head of Legal and Capital Markets, Stavvy.

Legal 306

Legal Valuation Lending Technology 306

Lamacchia Realty

APRIL 4, 2023

Legislation was signed into law last Wednesday , April 29, 2023 by Governor Maura Healey to legalize remote online notarization (RON). Connecticut lawmakers passed on the vote for RON in 2022 and will be the only state in New England who hasn’t legalized remote notarization.

Legal 41

Legal Law Real Estate Sellers 41

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 330

Marketing Loan Officers Business Mortgage 330

Housing Wire

APRIL 22, 2024

In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits.

Agents 347

Agents Brokerage Legal Real Estate 347

Housing Wire

JANUARY 3, 2024

In the SEC filing, the firm noted that the changes to Reffkin’s compensation were made after a review by an independent compensation consultant, in order to provide “market-based CEO compensation.” For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

Legal Fees 386

Legal Fees Legal Marketing Finance 386

Housing Wire

OCTOBER 19, 2021

The passage of the so-called “heartbeat bill” in Texas and similar laws in other states, access to legal and safe abortions has become a major concern for some recent movers. About one-in-seven people who recently moved said they would not live in a place where abortion is fully legal, according to a Redfin report released this week.

Law 386

Law Legal Real Estate Agent Real Estate 386