Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. The largest settlement recorded , at $25 million, was with New Jersey-based Hudson City Savings Bank in 2015.).

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Housing Wire

DECEMBER 20, 2021

In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. States, overwhelmed with claims and understaffed, also had problems paying unemployment insurance.

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Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Housing Wire

FEBRUARY 29, 2024

This will provide “an ongoing source of capital so that state and local housing finance agencies (HFAs) can continue to offer FHA insured multifamily loans at reduced interest rates to create and preserve high-quality, affordable rental homes,” according to the White House.

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Housing Wire

JULY 27, 2021

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

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Zillow

JUNE 1, 2018

Likewise, local lenders will be comfortable with appraisals and lending in rural areas. Related : 3 Steps to Buying a Vacation Home With Friends These 7 Tiny Homes Are the Perfect Summer Getaway How to Handle Long-Distance House Hunting Like a Champ Originally published June 8, 2015.

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Appraisal Today

APRIL 21, 2023

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Among the DOJ’s findings, from 2015 to 2021, all but one of the 101 mortgage lenders PNB employed in the lending area were white.

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Appraisal Today

NOVEMBER 10, 2022

Bottom line: If the home is going to be financed by a lender, insured by FHA, or sold on the secondary market, you must make sure you compile a fair, thorough report to ensure that the lender doesn’t take a loss. The only appraisers who get sued are those performing appraisals for mortgage lending.

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Housing Wire

JUNE 8, 2022

Blend brought in more than $71 million in the first three months of 2022, but more than half of its revenue came from title insurance and settlement services provider Title 365 in the challenging origination environment. But the firm, which hasn’t turned a profit since going public, reported increased operational losses of $69.7

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Appraisal Today

FEBRUARY 9, 2024

Bradley, SRA, CDEI In September of 2015, FHA revised Handbook 4000.1 An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. How does the FHA define appliances?

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Housing Wire

FEBRUARY 15, 2022

government, insurance companies and financial institutions as well as asset-backed security issuances and transactions in the private-label residential mortgage-backed securities (MBS) sector. The sectors highlighted in the rating-agencies report include securities issued by corporations, the U.S.

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Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Lenders want fire insurance for all mortgage loans. Or insurance problems for flooding, hurricanes, or other natural disasters.

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Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities.

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Patch of Land

OCTOBER 5, 2018

Congress has opportunities to address some of the challenges financial technology firms face in the lending sector. The pace of financial technology innovation in the alternative lending space is nothing short of phenomenal, but it has meant headaches for lenders and vendors waiting for regulation to play catch-up.

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Housing Wire

JANUARY 20, 2021

Secretary Carson and I posted a waiver and other documents to the HUD website that makes clear DACA status recipients are now eligible to apply for mortgages insured by the Federal Housing Administration,” former HUD Deputy Secretary Brian Montgomery said. are not eligible for FHA-insured mortgages.” .”

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On Q Financial

FEBRUARY 2, 2021

are not eligible for FHA-insured mortgages.” However, in 2015, the Obama Administration deemed the “lawful residency” language unclear. All figures are given for comparison purposes only and are not a commitment to lend or extend credit. This is not an offer for extension of credit or a commitment to lend. NMLS 5645 |.

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Housing Wire

MARCH 8, 2024

Biden’s plan also included a $10,000 tax credit for first-time homebuyers and people who sell their “starter home,” and a pilot program that waives the requirement for lender’s title insurance on certain refinance transactions. These costs increased by 21.8% from 2021 to 2022, reaching nearly $6,000, per the CFPB post.

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Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Industry stakeholders have some ideas for how to further that goal, starting with more clarification on some FHA lending programs.

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