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Housing Wire
JUNE 30, 2023
Attorney noted that we ‘took significant measures to stop the practices, both before and after being notified of the United States’ investigation,’ and that the settlement is ‘not an admission of any legal liability.’ Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.
Housing Wire
MAY 27, 2022
The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.
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Appraisal Buzz
MAY 6, 2024
Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. ICON, an Austin based firm, has developed a 3D printed wall system.
Housing Wire
JUNE 21, 2023
The Consumer Financial Protection Bureau (CFPB) has 11 different items in the pipeline in its section of the federal government’s 2023 spring regulatory agenda, released last week by the White House. Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry.
Housing Wire
JULY 28, 2022
Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. billion for affordable-housing development and preservation. billion for affordable-housing development and preservation.
Housing Wire
DECEMBER 7, 2021
The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.
Housing Wire
AUGUST 22, 2023
On June 1 , six federal agencies requested comments from the public on a rule designed to ensure the credibility and integrity of models used in real estate valuations. The National Association of Mortgage Brokers (NAMB) said it supports new federal regulatory proposals governing the use of AVMs. the trade groups state.
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