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Mr. Cooper to acquire Home Point Capital for $324M in cash

Housing Wire

Mr Cooper also estimates a tangible book value increase of about $1 per share at closing. Wachtell, Lipton, Rosen & Katz and Simpson Thacher & Bartlett LLP were the legal advisors to Mr. Cooper in the transaction. Meanwhile, Kirkland & Ellis was the legal advisor and Houlihan Lokey the financial advisor to Home Point.

Legal 361
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RESPA enforcement is back — are you ready?

Housing Wire

” Kickbacks in a shrinking market A shrinking market, defined by high mortgage rates and low inventory levels , appears to have exacerbated the existing mortgage kickbacks problem, industry pros told HousingWire. However, the Freedom case represented a “wakeup call.”

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Appraiser Liability Risks

Appraisal Today

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. Why you need this book Have you ever had to appraise a home with “no comps”? A home modified for handicapped access?

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

I did a nine to five job – inventory analysis – in my mid-to-late 20’s,” said Goldberg, presently a Redfin agent in Charlotte. “It Nary an eye was blinked – much less legal action was taken – over these brokerage’s business moves. “Everyone seemed on a mission and was really smart and that’s what got me on board.”.

Business 360
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What’s My Business Really Worth? 12 Q&A To Solving Your Business Valuation Mystery [2021]

The Robert Weiler Company

Keep your books up-to-date. Make sure your books are organized and detailed, showing all income and expenses for each year. These clauses usually have to be worked out with the assistance of an attorney, to ensure that they are legally correct. Tangible assets are physical items that have value if they were sold.

Valuation 147
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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

The lender initiates legal proceedings against the borrower to foreclose on the property. In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Foreclosure. 10 Steps to Buying REO Properties.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. Motivational books and recordings help you stay up when business is stressful. On quick review, I see some unintended consequences, as well as some which have been anticipated. The anticipation includes the additional burden on lenders as well as appraisers.