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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. The former chief-of-staff is seeking damages for alleged wrongful termination, whistleblower retaliation and breach of contract.

Lending 363
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How JVM Lending plans to expand without any loan originators

Housing Wire

Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers. JVM, which has also had a market presence in Texas since 2017, saw opportunity for investment properties and plans to capitalize on the growing market.

Lending 359
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ALTA shakes up leadership team with staff promotions

Housing Wire

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors. Presented by: WFG.

Insurance 223
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Opinion: FHFA language requirements may shake up compliance landscape

Housing Wire

Accordingly, in January, 2021, the CFPB issued guiding principles for servicing LEP customers and guidelines for implementing those principles and developing compliance management solutions. The translation must include every term and condition of the contract or agreement. As far back as 2017, approximately 9% of the U.S.

Law 370
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. A $175 million investment from private holding company StoicLane in October would be used to grow operations and refine and develop new technologies.

Mortgage 338
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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

But once these qualities are developed, many appraisers find eminent domain work to be interesting, challenging but worthwhile, and financially rewarding. Becoming an expert appraisal witness in an eminent domain case starts with developing a comprehensive understanding of how value is determined in this special proceeding.

Appraisal 309
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“It’s crazy”: Homebuilders big and small struggle to finish projects

Housing Wire

But homebuilders big and small continue to run into the same problems – building permits are on file, contracts with buyers are inked, but subcontractors often don’t show, and access to materials have led to longer build times and cost overruns. Tariffs on lumber imports from Canada were put in place in 2017 at the urging of the U.S.