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UWM offers legal support to brokers, accuses Rocket of ‘connections’ with Hunterbrook report

Housing Wire

The wholesale lender said it’s offering legal support to partners in case they are sued and once again accused Rocket Mortgage of being behind the report, which the rival denies. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies. He left in February. UWM ended 2023 as the top U.S.

Legal 409
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Why Diversify? Multiple Streams, Multiple Dreams!

Appraisal Buzz

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Read all these articles and more in the latest edition HERE. Of course, the primary source of business for most residential appraisers has traditionally been the lending industry: refinances, HELOCs, and mortgages for the purchase of a home.

Clients 195
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The housing industry’s disparate impact hopes

Housing Wire

A homeowners insurer trade group, which has mounted successful legal challenges of the standard in the past, said it sees no reason the rule should apply to its industry. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. This content is exclusively for HW+ members. Become a member today. Already a member?

Legal 385
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New York expands CRA rule to nonbank lenders

Housing Wire

“This legislation will ensure everyone has fair and equal access to lending options in their pursuit of purchasing a home,” Hochul said in a statement. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Kathy Hochul approved the bill – S.5246-A/A.6247-A Become a member today. Already a member?

Law 362
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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. When you run a business, and owning rental property is a business , you’re almost always better off forming a legal business structure. I always appreciate Jessica’s articles! Let us know !

Investing 332
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HW+ Member Spotlight: Kris Kully

Housing Wire

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. Below, Kully answers questions about the industry: HousingWire: To start off, what is your current favorite HW+ article? McCargo’s nomination.

Finance 357
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Attracting More Appraisal Business

Cleveland Appraisal Blog

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? GET A WEBSITE.

Business 393