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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. More recently, Patriot Bank paid $1.9

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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

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Online service offers real estate aid to divorcing couples 

Housing Wire

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.

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Judge sides with trade groups, halts new CRA rules

Housing Wire

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire.

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Congress passes spending bills to avoid shutdown, adds to Ginnie Mae budget

Housing Wire

MBA also agrees with language from the VA regarding “the need to provide timely payment relief to distressed Veteran homeowners.”

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Federal agency members voice support for new CRA rules 

Housing Wire

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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Appraisal Risk and Modernization

Appraisal Today

Industry Insider Insight on Risk and Modernization. Fannie New Appraisal Form Modernization. Excerpt: One exception to the use of words and phrases that are otherwise considered subjective is when the word is part of a property noun, such as the name of a place, street name, city, or a legal description of the property.