Housing Wire

JULY 7, 2021

Terms of the deal were not disclosed, but statements from Mr. Cooper company leadership detailed that the transaction will not have a significant impact on its second quarter 2021 results. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

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Housing Wire

FEBRUARY 8, 2022

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. million homeowners became delinquent and entered forbearance between March 2020 and November 2021, the end of the fiscal year.

Law 369

Law Mortgage Legal Finance 369

McKissock

SEPTEMBER 21, 2021

Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected. Here are five excellent resources offered by McKissock Learning with tips and tools to help you protect your appraisal practice — including a Pro-Series webinar coming up on Wednesday, October 13, 2021.

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Appraisal Legal Government Valuation 80

Housing Wire

APRIL 23, 2024

The rule is designed to “[protect] the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation,” the FTC said in its announcement of the rule. Chamber of Commerce has vowed to take legal action against the FTC, according to a statement calling the ban “an unlawful power grab.”

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Real Estate Agent Loan Officers Lending Real Estate 435

Appraisal Today

DECEMBER 8, 2023

bath home was designed by local architect Rich Young. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… With only one owner, the.47-acre

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. There is administrative time involved, as well as legal factors. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. First, the burden on borrowers.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

APRIL 13, 2023

Other employees told the outlet of repeated drug use by sales staff, managers and executives, as well as a pressure-cooker environment seemingly designed to push workers out. Among those who claimed to have seen cocaine use while working at UWM was Matt Hutchinson, who left the company in June 2021 after nearly three years.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

Valuation 69

Valuation Technology Lending Real Estate 69

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. A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.)

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

DECEMBER 16, 2022

Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. Danish Home Designed to Showcase Its Owner’s Vintage Car Collection. We recently scanned millions of appraisals from 2021 – 2022 for subjective terms.

Modernization 52

Modernization Appraisal Contracts Real Estate 52

Assurance Financial

AUGUST 9, 2021

These mortgages are designed to suit low- to very-low-income applicants. Be legally able to take on a loan. As of 2021, it needs to be less than 2,000 square feet and should be situated in a rural area with a population under 35,000. As of 2021, the maximum loan amount is $20,000 and the maximum grant amount is $7,500.

Home Improvement 74

Home Improvement Insurance Development Finance 74

Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

Construction 36

Construction Supply Chain Real Estate Development 36

Clear Capital

NOVEMBER 30, 2021

And, apparently 2021 is a record in investment in proptech — $9.5 billion has been invested in terms of funding in 2021, which exceeds the previous record in 2019 of $9 billion when extra $0.5 They are a digital lending platform. And this comes courtesy of Next Mortgage News, thank you. But that’s mobile first.

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Landlords Real Estate Tenants Investing 69

Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. of the average home price. Instead of letting the fee expire on Oct.

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Law Government Finance Mortgage 487

Housing Wire

MARCH 15, 2022

A recent judge’s ruling in pending litigation involving student-loan securitization trusts could have far-reaching legal and financial implications for the private-label securities market. District Court judge in the case, Stephanos Bib as , states in a ruling lodged in late December of 2021. Now the trusts move to dismiss,” the U.S.

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Legal Law Investors Finance 429

Will Springer Realtor

JANUARY 7, 2022

The industry is prepared for another high-demand, low-inventory year, even if conditions do not quite hit the fever pitch of 2021. The 2021 real estate market was incredibly hot and will be hard to beat,” said Lennox Scott, CEO of John L. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years.

Construction 36

Construction Real Estate Inventory Buyers 36

Housing Wire

JUNE 3, 2022

The Office of the Comptroller of the Currency formally rescinded its plan in December of 2021. He said that the new rule — if successful — will correct the racial discrimination it was first designed to solve. “If That effort, under the Trump administration, ultimately fizzled. If it works, all the needs will be met,” said Hsu. “We

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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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Insurance Modernization Lending Mortgage 369