Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. among subprime loans.

Contracts 468

Contracts Mortgage Law Sellers 468

Housing Wire

APRIL 10, 2024

This development arises amidst heightened scrutiny and legal challenges facing NAR , including a landmark antitrust settlement that, if approved, would mandate a payment of $418 million and the implementation of rule changes. to allow buyer agent compensation to be rolled into the loan. million members.

Real Estate Agent 468

Real Estate Agent Real Estate Agents Legal 468

Appraisal Buzz

JUNE 18, 2024

H ladik , on behalf of the Legal League and American Legal and Financial Network (ALFN) , has filed a Brief of Amicus Curiae in the Superior Court of Pennsylvania Eastern District in the case of Reverse Mortgage Funding LLC v. Hladik’s Insights How did the Trial Court’s ruling adversely impact the lending market for first mortgages?

HOA 195

HOA Mortgage Legal Law 195

Appraisal Hub

JULY 26, 2024

Getting a Loan: If you need a bank loan to buy a house, the bank wants to know the house’s value to be sure it’s lending the right amount of money. Initial Consultation: The process starts with giving important papers and legal deeds related to the property to the appraiser. Appraisal services help with this.

Valuation 78

Valuation Buyers Market Value Insurance 78

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 441

Sellers Buyers Real Estate Contracts 441

Housing Wire

SEPTEMBER 17, 2024

“There’s been an explosion in high-DTI lending since I left FHFA,” he said, pointing to the fact that some Federal Housing Administration (FHA) borrowers have a 57% debt-to-income ratio. “If you don’t fix them, the ability legally to take additional risk is constrained,” he said. Calabria disagreed.

Property Taxes 417

Property Taxes Government Legal Insurance 417

Housing Wire

AUGUST 8, 2024

“Now they will have to come up with payment for real estate agent services, but that may be challenging for some who are already challenged in terms of coming up with enough down payment,” Hepp said of first-time buyers. “So, So, say it gets rolled into their mortgage or they have to get another loan to pay it off.

Housing Market 475

Housing Market Marketing Mortgage Sellers 475

Housing Wire

JULY 9, 2024

District Court in Detroit, the suit alleges that EasyKnock uses a “deceptive and unfair lending scheme” to “lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as ‘Sell & Stay’ transactions.” EasyKnock was founded in 2016 and is based in New York City.

Lending 430

Lending Law Investors Advertising 430

Housing Wire

MAY 24, 2021

We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. Presented by: Sagent Lending Technologies. We are confident in Stavvy’s ability to change the lending and banking experience for both institutions and consumers.

Technology 430

Technology Lending Investors Modernization 430

Housing Wire

FEBRUARY 6, 2023

In October 2021, Cindy Buhr – general counsel and executive vice president of legal and compliance, and in 2022, Gene Lugat – executive vice president of strategic support at PrimeLending featured among HousingWire Vanguards.

Legal 386

Legal Mortgage Lending Buyers 386

Housing Wire

JUNE 1, 2021

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. How hybrid title and valuations help increase lending efficiency. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

Renovations 513

Renovations Development Investors Legal 513

Housing Wire

OCTOBER 12, 2023

With the judge’s approval for a loan sale, Oaktree would apply $425,582 “to satisfy the unpaid 2.43% of the funded amount of the buyer loans,” according to the motion. Oaktree, AmeriFirst and its legal counsel didn’t respond to requests for comment.

Retail 417

Retail Legal Buyers Mortgage 417

Housing Wire

MARCH 22, 2021

John Hedlund: Non-delegated lending can serve multiple purposes for different types of lenders. For mortgage brokers looking to make the jump to mortgage banking, non-delegated lending is the perfect way to build the resume they need on their journey to a fully delegated, agency-approved seller and servicer.

Business 502

Business Lending Investors Sellers 502

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 441

Inspection Appraisal Appraisal Process Buyers 441

Housing Wire

DECEMBER 9, 2021

A 2021 Tech100 Mortgage honoree, Stavvy is helping organizations navigate complex financial and legal transactions easily and safely, allowing servicers to put customer experience at the forefront during tough times like a global pandemic. “In HousingWire: The lending process has long been described as “fragmented.”

Technology 403

Technology Legal Tools Clients 403

Appraisal Hub

SEPTEMBER 23, 2024

Real estate appraisals are the safeguard you need in such situations, ensuring buyers and sellers understand a property’s actual value before making a deal. This evaluation helps buyers and sellers understand what the property is worth and guides them in making better decisions.

Real Estate 78

Real Estate Appraisal Sellers Market Value 78

Housing Wire

APRIL 6, 2021

Elaine Marshall, North Carolina Secretary of State, described it as a “win-win-win for home buyers, the business sector and the government sector in making the mortgage closing process less time consuming, less stressful, and even more secure.” Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

Mortgage 363

Mortgage Legal Fees Law Legal 363

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 331

Real Estate Brokerage Property Management Buyers 331

Housing Wire

OCTOBER 18, 2022

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape.

Lending 430

Lending Mortgage Legal Design 430

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer. Otherwise, you risk defaulting on your loan and losing your car to the bank or lending institution that financed the vehicle.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

JULY 7, 2021

MAM emerged as the buyer of servicer Reverse Mortgage Solutions (RMS) in 2019, buying the company and its portfolio from its former parent Ditech Holding Corporation after a protracted, court-supervised process. The buyer , recent history in reverse. in a deal valued at $500 million in cash and retained interest.

Mortgage 403

Mortgage Property Taxes Insurance Business 403

Appraisal Buzz

SEPTEMBER 26, 2022

They found liar buyers. It says buyer and seller are: Prudent and knowledgeable. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby? buyer and seller are avariciously motivated; biased. Uppraisers” were in demand.

Market Value 321

Market Value Sellers Buyers Finance 321

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! Lenders make sure that they are lending the right amount of money for a home. I Just Don’t Get It!

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Raleigh Realty

FEBRUARY 2, 2022

Here are strategies to help with your requests for negotiating repairs after a home inspection Negotiating repairs after a home inspection doesn't have to be difficult, especially when you follow these 7 tips When an offer is accepted on a home, it can be easy for both buyers and sellers to feel that they’re at the end of the finish line.

Inspection 158

Inspection Sellers Buyers Realtors 158

Town & Country Residential Appraisals

MARCH 27, 2023

Additionally, the manufactured home must be a one-unit dwelling that is legally classified as real property and cannot include an accessory dwelling unit. When a property disqualifies a buyer from obtaining mortgage financing, it requires the buyer to purchase using cash.

Finance 56

Finance Real Property Legal Buyers 56

Appraisal Buzz

SEPTEMBER 25, 2024

“While existing-home sales have struggled to gain any momentum, the new-home market has remained a relative bright spot in the housing market due to builders’ ability to offer incentives and bring buyers off the sidelines,” says Odeta Kushi, deputy chief economist for First American , in a statement.

Buyers 195

Buyers Legal Lending Housing Market 195

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Resolving Property Disputes Assisting Accountants in Legal Matters In legal disputes involving residential properties, appraisers can play a crucial role in assisting accountants.

Real Estate 68

Real Estate Appraisal Valuation Legal 68

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. The risk in this process is not limited only to appraisers.

Appraisal 135

Appraisal Inspection Appraisal Process Valuation 135

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Will Springer Realtor

JANUARY 16, 2024

These acts were deemed legal by the Supreme Court until 1948 and by Congress until it enacted the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). Tens of thousands of documents with language against protected classes of people still exist in our state even as they no longer hold legal standing.

Real Estate 63

Real Estate Law Legal Training 63

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! Lenders make sure that they are lending the right amount of money for a home. I Just Don’t Get It!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Many people don’t understand home appraisals and how appraisers are legally bound to operate. An important key for buyers to keep in mind, appraisals are for the benefit of the lender, not just for the the buyer! Lenders make sure that they are lending the right amount of money for a home. I Just Don’t Get It!

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Eppraisal

JANUARY 23, 2024

However, first-time buyers tend to be more vulnerable to scams, from financing to maintenance and remodeling.  It's  Other lending scams include interest rate offers much lower than average and monthly mortgage payment scams. Homeownership is an exciting chapter of anyone's life.

Legal 36

Legal Real Estate Agent Lending Real Estate 36

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. Buyers are offering sellers prices considerably above list price in many cases. This impacts the lenders, the sellers and the buyers in the transactions.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Boston Appraisal

OCTOBER 8, 2022

While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. As a result, delays in the lending or mortgage process are not uncommon; more recently, there have been attempts to mitigate this problem. The risk in this process is not limited only to appraisers.

Appraisal 78

Appraisal Inspection Appraisal Process Valuation 78

Will Springer Realtor

AUGUST 8, 2023

The mortgage holder is expected to make timely payments and, failing that, the home could be seized by the lending institution in a foreclosure. The county’s Sheriff’s Office places notices of foreclosure in a local daily or weekly legal newspaper for four consecutive weeks. The highest bidder receives a certificate of sale.

Legal 36

Legal Law Mortgage Real Estate 36

Eppraisal

OCTOBER 23, 2023

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. Your offer will only become legally binding if the seller signs it. Finalize the Closing Date The closing date usually occurs between 30 and 60 days after the offer becomes legally binding.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69