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CFPB bans RMK Financial Corporation from mortgage lending industry

Housing Wire

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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Title giant Stewart sues Qualia over software licensing agreement dispute

Housing Wire

In 2015, Stewart was granted an “irrevocable and perpetual license” to install and use the ResWare software title production system product, which at that time was owned by Adeptive Software. After discussion, Qualia decided to extend the termination timeline to July 24, 2024.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. If it appears to a VA appraiser that the appraised value of a property is going to come in below the pending sales price, the appraiser must contact the designated point of contact (POC) party that is specified in the appraisal order. First, the burden on borrowers.

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Picking a Moving Company: How Do Your Choices Stack Up?

Zillow

Licensed means safe The first and most important point to investigate is the company's legal status. Movers may claim to be licensed and insured, but unless you can confirm that, don’t take it at face value. Reputation research Once you verify a mover’s legal status, size up its reputation.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). This tax directed is specifically at New York City because it is designated for cities in the state with populations of more than 1 million. November: Control of the New York State Senate flipped. Seriously.

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The fate of HUD

Housing Wire

For a borrower with tarnished credit and thus unable to get conventional financing, an FHA-insured mortgage is the go-to choice. For a 10% down payment, a hypothetical FHA borrower with a $650,000 base loan amount would pay an additional $568 per month in mortgage insurance premium. Many have called for reductions.

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