Housing Wire

DECEMBER 11, 2020

The recent string of executive-level hires is part of a company focus to prepare for growth through the end of this year and into 2021. In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team. The leadership change comes as Thomas Black, Jr.

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Housing Wire

AUGUST 5, 2022

Numerous organizations criticized the agencies for not proposing to grade banks based on data about their minority lending. Above all, we are extremely disappointed to see the lack of the explicit consideration of lending by race in a lender’s CRA rating,” wrote the St. Louis Equal Housing and Community Reinvestment Alliance.

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Housing Wire

JUNE 8, 2022

“We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

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Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

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Housing Wire

APRIL 22, 2022

.” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. The main cost reduction target is Title365 , a business acquired from Mr. Cooper Group for $422 million in March 2021. on April 20.

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Mortgage Marketing Human Resources Clients 397

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. Levine, who was an assistant White House Press Secretary under President George W.

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Investors Law Insurance Lending 370

Housing Wire

APRIL 6, 2021

” Navigating Closing Struggles in 2021’s Purchase Market. Officials said 11 federal home loan banks set servicing system requirements relating to eSignatures and eNote documentation in early 2020 – the culmination of three years of development. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

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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.

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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

APRIL 21, 2022

Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. Notwithstanding all of the guidance, we still hear concerns of legality from lenders,” Perry said. “So So I say keep the guidance coming, because we are building it and we hope the lending community will come.”.

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McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What?

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Appraisal Contracts Market Value Clients 103

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. HUD, too, receives some complaints, and in May 2021 a HUD official said the volume had increased tenfold.

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Government Appraisal Reconsideration of Value Lending 370

Housing Wire

NOVEMBER 3, 2023

Other threats Another lawsuit filed by REX in March 2021 against the trade group and Zillow , alleges anti-trust violations related to an NAR rule, known as the no-commingling rule, that prompted Zillow to separate non-MLS listings from MLS listings on its website, including listings from REX.

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Housing Wire

FEBRUARY 14, 2022

Mason will assume the role March 7, and will replace Jerry Weiss, who has been general counsel on an interim basis since March 2021. Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3 of the GSEs’ common stock, in his longtime role of chief administrative officer.

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Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. CubiCasa Digital GLA was launched by CubiCasa in 2021. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no.

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Housing Wire

OCTOBER 1, 2021

EVP, Compliance and Legal. EVP, Chief Business Development and Brand Officer. Planet Home Lending. The post Introducing the 2021 HousingWire Vanguards appeared first on HousingWire. Bruno Pasceri. Carmine Cacciavillani. Blue Sage Solutions. Cathleen Schreiner Gates. SimpleNexus. Cindy Buhr. PrimeLending. Dale Vermillion.

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Housing Wire

FEBRUARY 14, 2024

Gate House Strategies , a compliance firm formed in 2021 by former U.S. The heightened environment around fair lending , we see it every day,” Montgomery said, “whether it’s in settlements or just investigations from any number of government agencies. “So, You can’t just say ‘we did it legally’ or ‘we did a review.’

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Housing Wire

SEPTEMBER 23, 2021

After a stint on medical leave, she resigned in March 2021. Department of Housing and Urban Development and Mike Linton, marketing expert who currently serves as chief revenue officer at genomics firm Ancestry , The company was trading at $6.98 late Thursday afternoon, with a valuation of $2.1

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Development Retail Law Mortgage 101

McKissock

OCTOBER 22, 2021

This offering will provide a platform for discussing WHERE to find data on market trends and HOW to develop and report a current market analysis. Real estate is local, but many lending clients are national; WHAT information is necessary to be researched and reported to provide a credible, well understood opinion for intended users?

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Appraisal Real Estate Legal Development 84

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). First, the burden on borrowers.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

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Investors Development Legal Business 527

Housing Wire

DECEMBER 29, 2023

The biggest headwind that homebuilders will confront when it comes to multifamily construction is the tight financing conditions in multifamily development. Labor shortages, lot shortages, lending issues, cost of lumber and materials as well as legal and regulatory barriers have made it difficult to deliver more homes to the American market.

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Construction Supply Chain Inventory Housing Market 450

Housing Wire

MARCH 7, 2022

billion in 2021, according to an analysis of 10 different blockchain ledgers by DappRadar. The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology.

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Real Estate Law Inspection Agents 485

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

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Investors Development Legal Business 370

Will Springer Realtor

FEBRUARY 6, 2024

Since the early years of Seattle’s development, discriminatory practices have been woven into the very fabric of the community. Between 2000 and 2021, Harvard researchers noted , the number of high-poverty census tracts in the U.S. A recent analysis of single-family home data over three years ending in 2021 uncovered recent bias.

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Real Estate Development Legal Valuation 54

Housing Wire

SEPTEMBER 30, 2020

On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. We are seeing strong growth across our forward and reverse lending channels and have increased quarter-to-date volume in August by 16X in the past year. In August, we originated more than $2.5

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Mortgage Investors Business Human Resources 370

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. But there was a catch.

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Lending Government Law Mortgage 370

Housing Wire

APRIL 27, 2023

And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal. KBRA reported last month that FirstKey Homes exercised a so-called “excess collateral release” [ECR] feature for a securitization deal dubbed FirstKey Homes 2021-SFR1.

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Renovations Investing Real Estate Marketing 375

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Since 2016, legal immigration growth has declined by 40%. Since 2016, legal immigration growth has declined by 40%. Incentivizing developers is necessary.

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Insurance Construction Government Lending 384

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.

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Valuation Technology Lending Real Estate 69

Assurance Financial

AUGUST 9, 2021

Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes. Below we’ve mapped out an overview of the USDA Rural Development Guaranteed Housing Loan Program, explaining how it works and if you’re eligible for loans. Guaranteed Loans.

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Home Improvement Insurance Development Finance 74

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. We recently scanned millions of appraisals from 2021 – 2022 for subjective terms. He suggested we redefine quality to include a time element. To read more, click here.

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Modernization Appraisal Contracts Real Estate 52

Will Springer Realtor

APRIL 6, 2021

Condo bylaws, covenants and other legal documents usually lay out in specific terms who is responsible for what.). New construction loans are available through both traditional lenders and financial institutions working directly with the building developer. Getting a mortgage is complicated for several reasons. Additional rules apply.

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HOA Mortgage Buyers Insurance 36

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%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Construction Supply Chain Real Estate Development 36

PennyMac

AUGUST 10, 2022

Department of Housing and Urban Development (HUD). Here is the credit score needed for an FHA loan and the limits for 2021/2022: Minimum Credit Score: Borrowers need at least a credit score of 500 to qualify for an FHA loan. The FHA does have lending limits, and these numbers can differ depending on where you buy a home.

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Insurance Buyers Mortgage Renovations 36

Housing Wire

JULY 8, 2022

With the change of Federal administrations in 2021, it didn’t take long for the Consumer Financial Protection Bureau (CFPB) to signal that it would prefer to see more LEP services made available, particularly in the mortgage servicing and lending sectors. And more states are adopting new requirements. More LEP activity.

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Law Advertising Contracts Government 397

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. But democratizing the data they have available would benefit policy development.” Non-traditional appraisals to the rescue.

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Appraisal Valuation Inspection Law 369