Housing Wire
JANUARY 19, 2022
The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.
Housing Wire
DECEMBER 21, 2020
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.
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Housing Wire
AUGUST 8, 2022
Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Applegate was previously CEO of Common Securitization Solutions (a joint venture owned by Fannie Mae and Freddie Mac ), Homeward Residential , Radian Mortgage Insurance and GMAC Mortgage and Bank.
Housing Wire
JANUARY 27, 2022
housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. billion, despite Congress having canceled $16 billion in debt in October 2017.
Housing Wire
FEBRUARY 14, 2022
In 2017, the agency announced that it was suing Ocwen for “failing borrowers at every stage of the mortgage servicing process.”. Specifically, the bureau alleged that Ocwen botched “basic functions like sending accurate monthly statements, properly crediting payments and handling taxes and insurance.”. “That was the bargain.
Housing Wire
AUGUST 10, 2020
In its July 21, 2020, statement of charges, NYDFS alleged that First American Financial, one of the country’s largest title insurers, failed to properly respond to a security vulnerability on its website. Mortgage lenders should retain, or at a minimum identify, competent cybersecurity counsel before cybersecurity issues arise.
Housing Wire
FEBRUARY 7, 2022
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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