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CFPB wants lenders to disclose reason for denial of credit

Housing Wire

The requirement also applies to mortgage lenders, legal experts say. The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”.

Law 414
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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. How modernized servicing creates customers for life.

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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

Instead, investors bought the run-down properties in bulk sales. As part of the settlement agreement, Fannie Mae will pay $53 million, $35 million of which will go toward access to credit, property rehabilitation, residential development in African American and Latino communities and fair housing education, counseling and outreach.

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Have Farm Land for Sale? Get In the Zone with These 5 Steps!

The Robert Weiler Company

In Ohio, land development continues to flourish and your farm land for sale may be a hot commodity for commercial real estate investors and brokers alike. This land management tool allows local jurisdictions to create zoning designations to protect farmland and related activities from inconsistent land uses.

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Virtual notary adoption surges as businesses rush to close transactions remotely

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Notarize said its application development team built bank-grade, highly secure software systems. Register for the FinLedger Daily Newsletter.

Business 467
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The Impact of Zoning Laws and Land Use Regulations on Property Values for Real Estate Investors

Boston Appraisal

For investors, a nuanced grasp of these legal aspects is essential to navigate the complexities of the real estate market and to capitalize on investment opportunities. Land use regulations, on the other hand, encompass a wider set of rules that oversee the development and utilization of land.

Law 78
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15 Costs to Consider When Starting an Appraisal Business

McKissock

You’ll need to know whom you’ll mainly be working for (banks, individual homeowners, investors). An online legal team such as Rocket Lawyer can provide templates for various legal documents, as well as personalized legal advice, for a monthly fee—usually less than $100. Business insurance is a must.