Housing Wire

JULY 14, 2023

Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home. The bank has argued that because the loan documents stated that the loan had a commercial purpose, the law does not apply.” The CFPB goes on to cite U.S.

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Inman

JANUARY 18, 2024

Attorney and new Inman Contributor Rachel Streitfeld examines how changes to Florida's zoning laws could free up vast tracts of land for high-density new home construction.

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Housing Wire

MARCH 21, 2022

Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. Custom homes are frequently developed, and the site is used as security for a short-term construction loan to complete the project. However, RESPA applies to a construction-to-permanent loan inside one bundle.

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Real Estate Agent Real Estate Agents Construction 316

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

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Construction Retail Law Inventory 468

Eyes on Housing

FEBRUARY 10, 2023

The Office of Management and Budget (OMB) has proposed new standards to determine if construction materials for federally funded infrastructure projects are made in the USA.

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Housing Wire

JULY 7, 2022

Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. ” In addition to labor and materials, builders have struggled to meet the increasing demand for multifamily units due to restrictive zoning laws.

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Inventory Marketing Mortgage Supply Chain 417

Housing Wire

NOVEMBER 3, 2023

Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales. To learn more, click here.

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Real Estate Agent Real Estate Insurance Valuation 382

Housing Wire

MAY 17, 2023

Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. Portions of the bill have been enacted over the years, but it has not made it into law in a comprehensive fashion.

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Modernization Law Design Construction 367

Housing Wire

SEPTEMBER 20, 2023

One such law passed earlier this year in Oregon, aiming to “block state risk maps from influencing insurance policymaking,” the Times reported. Limitations on insurance coverage stemming from such scores are causing lawmakers in other states — particularly California — to try and legislatively address such concerns from constituents.

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Insurance Law Construction Government 412

Housing Wire

NOVEMBER 16, 2020

“In terms of longer-term opportunities, President-elect Biden ran on a bold housing platform, including expanding rental assistance, investing $20 billion in the national Housing Trust Fund, and enforcing fair housing laws, among other measures. Presented by: Fannie Mae. To do so, Biden’s plan would invest $640 billion over 10 years.

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Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls.

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Housing Wire

JUNE 5, 2023

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

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Housing Wire

SEPTEMBER 14, 2023

Enter the Accessory Dwelling Unit, commonly known as an ADU, or more informally called an in-law suite, granny flat or backyard home. For example, California’s changes in laws and regulations have made ADUs much easier to build. It’s a rare example of government housing policies driving the private market to solve a critical problem.

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Tenants Government Law Buyers 398

Housing Wire

APRIL 26, 2024

Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S.

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Housing Wire

FEBRUARY 10, 2022

The plaintiff claims that on March 29 ­– six days after a board meeting and two days before the end of Rocket’s Q1 2021 ­– Gilbert sold $500 million in Rocket stock, “despite having actual or constructive knowledge of material, non-public information about Rocket.”. He sold 20.2 million Rocket shares at $24.75 per share, according to U.S.

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Housing Wire

MARCH 26, 2024

They can also move to areas that are less established and currently being developed, which means new construction and lower prices for those that purchase in the early phases. Miller is the Managing Partner of David Miller Law, PLLC , in Largo, Florida, and assists in an Of Counsel capacity with Lucas, Macyszyn & Dyer Law Firm.

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Law Real Estate Property Taxes Marketing 457

Housing Wire

APRIL 20, 2022

Federal law requires the VA to implement an outreach program in consultation with tribal organizations to inform Native American veterans about the program. This represents less than 1% of the estimated potentially eligible population of 70,000 veterans, the watchdog agency said.

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Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Kurt Carlton, President of New Western.

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Mortgage Loan Officers Buyers Inventory 444

Housing Wire

APRIL 24, 2023

In particular, provisions in the bill state that the zoning rules already established by homeowners associations (HOAs) and other “common interest communities” cannot be superseded by the new bill once it becomes law. Lead bill sponsor Rep. As with many other areas of the country, Washington state is facing a housing shortage.

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Law Legal HOA Construction 347

Appraisal Buzz

MARCH 2, 2022

To that end, the CRN is devising an educational program to expose the appraisal community to proper training on Fair Housing laws as they impact the appraisal profession. There is no place in our profession for the race-based vitriol expressed in the email. Regards, Collateral Risk Network, Inc.

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Housing Wire

JUNE 13, 2023

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. Last month, Washington state Gov.

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Housing Wire

JULY 6, 2023

Affordable housing Still, given the housing inventory shortage, relying on new-home construction, fix-and-flippers, foreclosures or longer-term high rates alone is not likely to address the problem in full. A recent report by online home marketplace Zillow estimates that the nation needs 4.3 million more housing units to meet existing demand.

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Inventory Renovations Real Estate Government 485

Empire Appraisal Group

SEPTEMBER 2, 2021

as a prime market, and a home is currently under construction in Tallahassee. MIAMI – As building material prices spike to impact Florida’s new housing construction, a new form of construction looms as a potential avenue for ensuring homebuyers have access to the new homes they need – and can afford. Yet, the law must catch-up.

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GoForrmz

AUGUST 14, 2023

Here are the top five ways users are leveraging the digital Signature form field today: Field Reports (construction daily reports, job site updates, etc.) Always verify your use of eSignature with your local laws. Get Started With Utilizing Signature Fields

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Housing Wire

OCTOBER 20, 2020

Sweat equity, accessory dwelling unit construction and manufactured/factory-build housing were also initiatives the housing giant was pursuing. And we’re required by law and regulation to be compensated for these risks and these costs.” “Costs have changed, risks have changed.

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Housing Wire

APRIL 24, 2023

In addition, some white neighborhoods had zoning laws that legally banned non-white buyers from owning homes in those neighborhoods. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. Between the launch of FHA in 1934 and when President Lyndon B. GDP, roughly $3 trillion.

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Premier Home Appraisal Blog

MARCH 13, 2023

An experienced real estate appraiser should understand relevant state laws regarding marital property division and will use their expertise to assess various factors including quality of construction, square footage, amenities, condition of the home, and local markets to provide an accurate final home appraisal report that can be used in court.

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Appraisal Law Real Estate Market Value 52

Empire Appraisal Group

MARCH 3, 2022

Nearly 70 Treasure Coast oceanfront condos face some of the same problems, according to a TCPalm investigation of construction permits and inspection reports from Jan. million in construction permits alone, TCPalm’s investigation found. The law also lets them waive or reduce their reserve funds. 1, 2019, through June 28, 2021.

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Law Supply Chain Construction Inspection 78

Premier Home Appraisal Blog

MARCH 13, 2023

Our certified home appraisers are experienced and knowledgeable about local markets, real estate trends, and state laws so you can trust them with your home appraisal needs. Finding a reputable local home appraiser who specializes in divorce appraisals is essential to ensure accuracy and fairness.

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Appraisal Appraisal Tips Law Real Estate 52

Will Springer Realtor

JULY 12, 2023

Seattle leads the nation in construction cranes. Multi-family construction is still moving forward but most of the residential buildings will become apartments. This may help lower monthly rents but the overall construction industry continues to face challenges. All projects start with financing.

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Supply Chain Construction Law Development 28

Housing Wire

NOVEMBER 19, 2021

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The HMDA data is a crucial tool for the CFPB in constructing redlining cases.

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McKissock

AUGUST 14, 2022

Need for New Construction. Those who can wait for construction may find the idea of building their own home the way they want quite attractive. Construction Workforce Concerns. Unfortunately, there is also a lack of workers in the construction industry. However, construction companies still need to make profits.

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Inventory Construction Real Estate Renovations 68

Housing Wire

MARCH 3, 2022

This legal construct is critical. No one is or would argue against servicers having responsibility to comply with all consumer protection laws. To achieve this, a trust is established that legally separates and protects the mortgage loans collateralizing the investors’ bonds from any bankruptcy of the bond issuer or other participants.

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Housing Wire

FEBRUARY 23, 2024

million, which will go toward organizations aiming to boost housing inventory and availability through methods including off-site construction and office-to-residential conversions. “As We need to think creatively, from innovative construction methods to office-to-residential conversions.

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Housing Wire

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau.

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Housing Wire

MARCH 2, 2022

One way or another, the law of supply and demand will shape the cities of tomorrow. Philadelphia recently offered developers a 10-year tax abatement for new construction. Similarly, if areas are overtaxed, or so under-regulated that they become unsafe or unlivable, people will relocate.

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Development Real Estate Design Local Properties 312

Empire Appraisal Group

DECEMBER 28, 2022

Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? NEW YORK – Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. The post Does Adding an In-Law Suite Pay Off? Florida Realtors. By Liz Weston.

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