Housing Wire

JANUARY 10, 2024

The lender asserted claims for breach of contract, fraud, unfair competition and tortious interference, among others. According to the document, the award arises from “Defendants’ breaches of their employment agreements and violations of their other legal duties during their employment in Washington.”

Legal 421

Legal Lending Contracts Mortgage 421

Housing Wire

FEBRUARY 13, 2023

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The stock car team is also accusing EPM of breaching the contract by failing to make more than $4 million in sponsorship payments following a “margin call” from its investors.

Legal 380

Legal Contracts Lending Loan Officers 380

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 421

Retail Legal Lending Business 421

Housing Wire

APRIL 24, 2024

During an earnings call on Wednesday, chief financial officer Daniel Perotti said that “Pennymac maintained its dominant position in correspondent lending in the first quarter” as it acquired $18 billion in volume. Legal troubles with Black Knight contributed to the loss in Q4 2023.

Lending 421

Lending Legal Contracts Mortgage 421

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 9, 2024

UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. Earlier this month, Fairway — the nation’s ninth-largest mortgage originator — announced a 100% business shift to retail lending. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 421

Contracts Retail Mortgage Lending 421

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. A spokesperson for Guaranteed Rate Affinity declined to comment on pending litigation.

Loan Officers 410

Loan Officers Legal Real Estate Lending 410

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. That’s not the Orange County, California-based lender’s only poaching legal battle. A Movement representative did not return a request for comments.

Retail 421

Retail Contracts Legal Business 421

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

Mortgage 384

Mortgage Legal Lending Investors 384

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

Mortgage 370

Mortgage Legal Lending Investors 370

Housing Wire

JUNE 6, 2023

Mat Ishbia , UWM president and CEO, said in a statement, “It’s very unfortunate to see a company like Mid Valley breach their contract, but we’re going to continue to do what’s right for the broker community.” The reality is if a broker breaks the contract and if they have, we will address it, and we will win,” he said in a statement.

Brokerage 370

Brokerage Contracts Legal Business 370

Housing Wire

DECEMBER 20, 2023

It’s the ultimate in legalized fraud. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender.

Loan Officers 458

Loan Officers Clients Law Legal 458

Appraisal Buzz

APRIL 15, 2024

Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment. In addition to mortgage work, they may do legal work, estates as well as many other channels of business. No longer will appraisers find the right field and check the right box.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

FEBRUARY 16, 2024

The DOJ also noted that this type of conditional offer is permitted under federal government lending programs, thus requiring no changes to lending regulations. Originally filed in 2020 in U.S.

Sellers 432

Sellers Buyers Real Estate Contracts 432

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

APRIL 19, 2023

The couples initially sued the lender in October 2022 on seven counts, including breach of contract, negligence and fraud. The amended lawsuit now includes four different claims of fraud, negligence, violations of the Truth in Lending Act and violations of the Pennsylvania Unfair Trade Practices Act. of the U.S.

Contracts 384

Contracts Lending Mortgage Legal 384

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

FEBRUARY 5, 2024

However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. 10, Guild sent a written notice of the employment agreement, saying he failed to cure the breaches and because of that, the company terminated his contract.

Retail 421

Retail Contracts Loan Officers Mortgage 421

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. “The Bank Home Mortgage and Planet Home Lending declined to comment.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

JUNE 11, 2021

If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. They will also take into account any upgrades or amenities, as well as how maintained the home is.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

McKissock

MARCH 2, 2021

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? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Blog post: 9 Ways to Handle Appraisal Pressure.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

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. You can say no to the counteroffer, accept it or propose new changes to the contract. Arriving at a verbal agreement differs from being in a contract.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Town & Country Residential Appraisals

JULY 24, 2023

Here are some reasons one might want to contract an appraiser to review another appraisers report: Quality Assurance : Appraisal reviews help identify errors, inconsistencies, or omissions in the original appraisal report. This ensures that they make informed lending decisions based on accurate and reliable appraisal reports.

Appraisal 56

Appraisal Valuation Legal Contracts 56

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. These may be full-time jobs or contracted services. Non-lending appraisal courses.

Appraisal 74

Appraisal Training Lending Land Management 74

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Get licensed or certified (24%) Grow my business (23%) “As the lending side of the commercial appraisal business has declined, we are actively networking to increase our private party work for CPAs, lawyers, and estate planning professionals.”

Appraisal 74

Appraisal Contracts Legal Business 74

Eppraisal

OCTOBER 19, 2021

There are many instances nowadays where a house doesn't appraise for the price on the contract. If the property value isn't supported by other comparable sales in the area, the appraiser may not appraise the home for the contract price. The lender will only lend the loan-to-value amount of money to you, the buyer.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Movoto

APRIL 30, 2024

Credit scores need to meet a minimum threshold for most lending scenarios, and better scores translate to more favorable mortgage terms. Rent to Own Condo Contracts Before you transition to purchasing the property, you’ll need to sign a contract for the duration of your lease or rental agreement, much like any other rent to own home.

Tenants 36

Tenants Real Estate Contracts HOA 36

Eppraisal

JANUARY 23, 2024

    Exploitive Lending and Mortgage Relief There have been 35 mortgage relief scams filed by the Federal Trade Commission in recent years, in which scammers promise to negotiate your rate with mortgage lenders, audit loan paperwork or provide legal services for a fee. Some pretend to be with the government.  Other

Legal 36

Legal Real Estate Agent Lending Real Estate 36

Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. Realtors are able to modify select provisions in the contract form as they negotiate on behalf of their clients.

Realtors 421

Realtors Contracts Real Estate Agents 421

Housing Wire

NOVEMBER 3, 2023

Merle Whitehead, who in 2016 sold his brokerage RealtyUSA to Howard Hanna Real Estate Services , “years ago, worked diligently to increase the share of buyers who were under contract to work with his agents,” says Murray. “He got up to 20% to 30%, as I recall.” ” That means cutting occupancy and operating costs.

Real Estate 324

Real Estate Brokerage Buyers Property Management 324

D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. We have provided reliable real estate lending, sales, and appraisals for four decades in Victoria, BC.

Real Estate 125

Real Estate Investing Appraisal Market Value 125

Appraisal Today

NOVEMBER 4, 2022

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). Mortgage Lending You decide. To read more, including the full legal document and appraiser comments, click here.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

DECEMBER 8, 2023

The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… ”… Question 2: does the lending industry owe the appraiser a living? percent from 7.37

Appraisal 66

Appraisal Real Estate Contracts Design 66

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle.

HOA 466

HOA Property Management Real Estate Agent Technology 466

Appraisal Today

NOVEMBER 24, 2023

Obviously, you need legal counsel, but you may also need USPAP counsel as well. So, your first step is to get proper counsel, who can then give you proper advice… A state’s appraisal board carries the sword and shield of legal counsel. Quite different than others in the lending business who just want to make as much money as they can.

Appraisal 74

Appraisal Mortgage Business Contracts 74

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. It’s important to note that any undisclosed additions can cause a breach of conditions in your sale contract. Fritz for your real estate appraisal. To order your appraisal , contact our team today.

Appraisal 127

Appraisal HOA Easement Valuation 127