Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. mortgage market.

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Loan Officers Investors Legal Buyers 352

Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. Two of the most powerful U.S.

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Insurance Government Law Real Estate Agent 380

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. E-mortgage volume spikes. Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations.

Law 433

Law Legal Technology Real Estate 433

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. Nevertheless, it is important to ensure that outsourced CISO recommendations are heeded by a mortgage company’s top management.

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Training Legal Mortgage Insurance 370

Housing Wire

SEPTEMBER 9, 2020

A partnership between Realogy Title Group and Notarize that has sought to accelerate the adoption of remote online notarizations hit a milestone in the first half of 2020. Notarize has seamlessly integrated multiple components of the closing process and delivered a smooth, convenient solution to make it faster and easier.

Insurance 383

Insurance Legal Brokerage Agents 383

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

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Mortgage Property Taxes Insurance Business 393

Housing Wire

OCTOBER 7, 2021

RealFi), a nonbank mortgage lender based in New York, accused the company’s top male executives of creating a toxic workplace through repeated sexual harassment and gender discrimination. This is the second recent lawsuit against a mortgage lender that claims top male executives fostered a toxic workplace. Department of Justice.

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Insurance Mortgage Clients Development 353

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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Insurance Government Advertising Legal 256

Housing Wire

MAY 4, 2021

“And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” A survey by the American Land Title Association in December found that RON adoption soared 547% in 2020.

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Tools Human Resources Technology Real Estate 320

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Law 369

Law Mortgage Legal Finance 369

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

Business 482

Business Law Real Estate Investors 482

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. Why would you want to?

Appraisal 75

Appraisal Mortgage Business Contracts 75

PennyMac

APRIL 2, 2020

Though it’s possible to buy a home with cash, most homebuyers do so with the help of a mortgage. There are various types of mortgages available, with different interest rates, down payment amounts, and other terms to consider. Step 3: Get Pre-Approved for Your Mortgage. Is Homeowners Insurance Legally Required?

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Housing Wire

AUGUST 4, 2021

In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. States can use up to 5% of their funding for foreclosure or displacement-prevention counseling provided by Housing and Urban Development -approved agencies or legal services.

Property Taxes 414

Property Taxes Government Legal Development 414

Housing Wire

FEBRUARY 14, 2022

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. While the average NAR member conducts 10 deals a year, according to the trade group, the average Redfin agent performed 32 transactions from the third quarter of 2020 to quarter three of 2021.

Business 370

Business Brokerage Real Estate Agent Agents 370

Housing Wire

APRIL 12, 2023

The stolen-funds recovery rate in those incidents is not encouraging, either, according to the new FinCEN report.

Real Estate 381

Real Estate Government Technology Real Estate Agent 381

Housing Wire

MARCH 7, 2022

million in 2020 to $24.9 The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. A deed transfer often includes the new owner ensuring they are the property holder through title insurance. billion in 2021, according to an analysis of 10 different blockchain ledgers by DappRadar.

Real Estate 477

Real Estate Law Inspection Agents 477

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Private Island for $22M in North Carolina Excerpts: Just 30 minutes from uptown Charlotte, Merancas Island is accessed by causeway.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Quicken Loans

NOVEMBER 22, 2021

Disclaimer: Beginning January 1, 2020, the VA funding fee will be changing to a range of 1.4% – 3.6% It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance. No private mortgage insurance (PMI). Lower than average interest rates. More on that below.

Property Taxes 60

Property Taxes Sellers Finance Insurance 60

Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. In that model, the only marketing of foreclosure auctions is through notices in a local newspaper or legal publication.

Renovations 368

Renovations Investors Buyers Retail 368

Housing Wire

APRIL 20, 2021

January really is a bridge,” he told Wells Fargo ‘s Kristy Fercho , chair-elect of the Mortgage Bankers Association , at the trade group’s spring conference. That would be like if Wells said, ‘Well, we’ve got deposit insurance so who cares.'” Those forbearances peaked at 2.1

Finance 525

Finance Investing Lending Legal 525

Assurance Financial

MAY 4, 2022

In today’s economic climate, many homeowners may find it challenging to make their large monthly mortgage payments. Especially for first-time homeowners, an unwieldy mortgage payment may feel stressful and overwhelming. What Are Mortgage Refinancing Closing Costs? Downloadable Guides. We hope you find this information helpful.

Mortgage 36

Mortgage Insurance Legal Inspection 36

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

APRIL 13, 2022

of GDP in 2020. As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Since 2016, legal immigration growth has declined by 40%.

Insurance 382

Insurance Construction Government Lending 382

Will Springer Realtor

APRIL 10, 2024

However, this poses its own risks, as listing agents are legally obligated to prioritize their contractual relationship with the seller. INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

APRIL 27, 2023

The whistleblower litigation, known as a qui tam action — which allows private parties to sue on behalf of the United States — was filed under seal in state court in California in 2020 and moved last year to federal court — where the judge’s ruling denying dismissal of the case was handed down in January of this year.

Renovations 349

Renovations Investing Real Estate Marketing 349

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. Photo provided by Calvin Bradford.

Lending 370

Lending Government Law Mortgage 370

The Robert Weiler Company

SEPTEMBER 7, 2022

Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. commercial property sales hit a 10-year low in 2020, the industry hit a 15-year high in 2021, reaching $809 billion (nearly doubling 2020’s mark of $405.4 taxes, insurance) while making a profit.

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. It is lack of labor, land/lots, lumber/materials, lending for builders and land developers and ever-costly legal/regulatory costs,” he said. I refer to these challenges as the 5 L’s. 34 in a key index that ranks best-performing U.S.

Construction 36

Construction Supply Chain Real Estate Development 36

Housing Wire

JULY 30, 2021

““The pandemic continues to have an outsized impact on the ability of Americans to meet their monthly rent or mortgage payments. The CDC ban has also faced numerous legal challenges from property owners. billion in REO properties, while Freddie Mac held $198 million in REO single-family properties at the end of 2020.

Real Estate 457

Real Estate Finance Legal Insurance 457

Housing Wire

DECEMBER 7, 2020

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. Presented by: Quicken Loans Mortgage Solutions. While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well.

Law 483

Law Government Finance Mortgage 483

Housing Wire

JANUARY 20, 2021

Department of Housing and Urban Development declared Wednesday that the Federal Housing Administration will once again back mortgages for immigrants under the Deferred Action for Childhood Arrivals (DACA) program. HUD said DACA recipients who are legally permitted to work in the U.S. are not eligible for FHA-insured mortgages.” .”

Mortgage 546

Mortgage Law Insurance Legal 546

Housing Wire

MARCH 8, 2024

The Consumer Financial Protection Bureau (CFPB) will be closely scrutinizing what it described as “junk fees” imposed on borrowers when closing a mortgage. Its new priority has provoked strong criticism from the mortgage industry. And, as they are fixed, they have an “outsized impact on borrowers with smaller mortgages,” it added.

Mortgage 449

Mortgage Legal Insurance Finance 449

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. However, the Freedom case represented a “wakeup call.”

Real Estate Agent 440

Real Estate Agent Loan Officers Real Estate Agents 440

Will Springer Realtor

JANUARY 7, 2022

The outbreak of new variant strains could both impede owners from selling this year while also possibly keeping low mortgage rates in check longer than expected – though most industry followers are optimistic for extremely strong sales activity. “We A whopping $5T in residential mortgage loans were refinanced in the last two years.

Construction 36

Construction Real Estate Inventory Buyers 36

Housing Wire

DECEMBER 21, 2020

The moratorium directs mortgage servicers to halt all new foreclosure actions and suspend all foreclosure actions currently in progress, excluding legally vacant or abandoned properties. Low mortgage rates fuel the demand for valuation and settlement services. Presented by: VRM Mortgage Services. 28, 2022.

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Insurance Legal Finance Inspection 545