Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government. government.

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Lending Advertising Mortgage Law 384

Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. Two of the most powerful U.S. billion in reinsurance payments.

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Insurance Government Law Real Estate Agent 384

Housing Wire

JUNE 30, 2023

million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Therefore, lenders must follow FHA and VA rules to ensure only loans that meet credit and underwriting criteria are insured or guaranteed by the government.

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Government Insurance Mortgage Legal 384

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. Presented by: Mortgage Coach.

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Law Legal Valuation Government 421

Housing Wire

NOVEMBER 21, 2022

Northern Virginia and Maryland (DMV) area, Baltimore, Fairfield County Connecticut and Seattle, title insurance companies are now required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies in the Texas cities of Houston and Laredo.

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Real Estate Law Development Design 397

Housing Wire

MARCH 13, 2023

Here’s how to show them you’re in the know: Be a title expert Homebuyers want information that can make their decisions more manageable, especially information on title insurance, which they may have never heard of before starting the home buying process. Show them you understand the local nuances of the industry inside and out.

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Insurance Clients Business Marketing 384

Housing Wire

JUNE 21, 2023

Earlier this month, that coalition of six federal agencies requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The Agencies expect to issue a proposed rule to implement the Dodd-Frank Act’s AVM amendments to FIRREA in June 2023.”

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Valuation Finance Legal Development 370

Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

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Tools Mortgage Finance Lending 431

Housing Wire

APRIL 26, 2023

FinCEN said it worked with local law enforcement to identify 14 additional counties to be included in the GTO coverage areas, including Litchfield County in Connecticut and Adams, Arapahoe, Clear Creek, Denver, Douglas, Eagle, Elbert, El Paso, Fremont, Jefferson, Mesa, Pitkin, Pueblo, and Summit counties in Colorado. .;

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Real Estate Law Realtors Design 383

Housing Wire

APRIL 7, 2022

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Before you do anything, you should ask your underwriter whether they will insure RON closings at all. How should you prepare for RON?

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Law Technology Insurance Agents 370

Housing Wire

OCTOBER 25, 2023

FinCEN said it worked with local law enforcement to identify the new areas for GTO coverage. The new requirements are effective through mid-April 2024. The GTOs require title companies to identify the people behind shell companies used in all-cash purchases of residential real estate. real estate market to launder money.

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Real Estate Law Design Development 421

Housing Wire

FEBRUARY 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.

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Lending Development Finance Law 384

Housing Wire

DECEMBER 16, 2020

Title Leader is designed specifically for default services law firms, whether you have a captive title company or not. Industry-first automation of the 11, mandatory steps of the title-search handling process… AND you gain access to our search-fulfillment partner, which serves all national title insurance underwriters.

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Mortgage Training Law Design 186

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. Department of the Treasury ; and the Federal Reserve System. The MBA and the CBA requested an adequate implementation timeline of at least 12 months.

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Valuation Appraisal Government Real Estate 370

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.

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Real Estate Contracts Law Real Estate Agent 409

Housing Wire

NOVEMBER 9, 2020

In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. To appreciate this improvement to the closing process, you need to understand the various laws that allow for digital closings at different stages of the transaction.

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Law Legal Technology Real Estate 441

Housing Wire

SEPTEMBER 15, 2020

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. Digital adoption has been hampered by state laws since a federal law that outlines practices for remote online notarizations does not exist.

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Business Law Real Estate Investors 491

Housing Wire

JULY 11, 2022

The HAF program, run by the Department of Treasury , was designed to give states significant leeway in how they use the federal money. Servicers, by law, are required to communicate clearly with borrowers about available options. HousingWire spoke to servicers to gain insight into how the rollout was going for industry players.

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Logistics Design Government Finance 369

Empire Appraisal Group

FEBRUARY 9, 2023

In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. The family also has flood insurance.

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Insurance Law Supply Chain Government 78

Housing Wire

FEBRUARY 8, 2022

That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. Federal laws aren’t the only ones servicers have to contend with. The National Consumer Law Center (NCLC) identified executive declarations and court orders in 34 states as of April 2021.

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Law Mortgage Legal Finance 370

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. He is afraid of losing his home. Up to the task?

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Mortgage Government Contracts Insurance 397

Housing Wire

MARCH 14, 2022

in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies. As the regulations currently stand, it falls on title insurers in the 12 GTOs to report these all-cash transactions.

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Real Estate Insurance Law Real Estate Agent 410

Housing Wire

DECEMBER 14, 2023

The Federal Communications Commission (FCC) — the government regulatory body overseeing communications across a wide variety of media including radio, telephone cable and the internet — adopted a new series of rules on Wednesday designed to crack down on controversial lead generation methods, including “robocalling” and “robo-texting.”

Law 458

Law Design Insurance Government 458

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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Law Legal Construction Property Taxes 78

Raleigh Realty

FEBRUARY 19, 2022

While there are different laws for different states, Fannie Mae has a general list of requirements on their site. One fee is mortgage insurance, which the bank takes in case you default on your home. Once you owe less than 78-80 of the home's total cost, you no longer have to pay mortgage insurance.

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Appraisal Process Appraisal Construction Sellers 139

Housing Wire

JUNE 2, 2023

million in a designated loan subsidy fund designed to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit, in majority-Black and Hispanic neighborhoods within the bank’s lending area. “The

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Lending Advertising Design Loan Officers 306

Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. He designed the estate, completed in 2000, from the ground up. The problem?

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Appraisal Real Estate Valuation Contracts 85

Will Springer Realtor

OCTOBER 11, 2023

Zoning laws in the U.S. The laws also play a role in community planning. The first successful zoning laws were established in 1916 to determine building heights in New York City, soon followed by the zoning of residential and business districts. The laws can be a double-edged sword.

Law 36

Law Development Design Government 36

PennyMac

JUNE 2, 2022

For example, typical annual costs include things like: Insurance. He has earned the IRS’ Enrolled Agent designation for tax preparation and expertise, and advises that new investors do their homework before they buy. Property taxes. Maintenance costs. Mortgage payments. It sounds overwhelming but it’s really not. Ernie Rafailides.

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Real Estate Investing Tenants Property Management 69

Housing Wire

MARCH 15, 2021

of households in current neighborhoods that were once designated undesirable for mortgage lending are non-white, compared with 40.4% And almost 90% of flood damage insurance payments in Chicago are made to households in communities of color, per Redfin. Presented by: Ylopo. Per Redfin, 58.1%

Real Estate Agent 419

Real Estate Agent Real Estate Lending Design 419

The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Commercial real estate appraisal is a profession with specific training, regulations, and professional designations.

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Real Estate Appraisal Property Appraisal Valuation 137

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures.

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Brokerage Real Estate Development Investors 421

Housing Wire

FEBRUARY 23, 2022

The government watchdog is concerned that automated valuation models may reflect bias in design and function. But prior to introducing a proposed rule, the CFPB, in accordance with federal law, must convene a small business review panel to get feedback from small businesses that could be affected by the proposal.

Valuation 384

Valuation Law Finance Development 384

The Robert Weiler Company

APRIL 15, 2022

Compliance with Laws. Indemnity and Insurance. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. property taxes, insurance, building maintenance, utilities, janitorial services, and property management fees). Taxes and Assessments. Maintenance and Repairs. Amendments.

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Tenants Landlords Property Taxes Insurance 144

Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. This tax directed is specifically at New York City because it is designated for cities in the state with populations of more than 1 million. Seriously.

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

FEBRUARY 15, 2022

Securities and Exchange Commission uncovered a total of 487 instances over the past six years in which the nation’s SEC-registered credit-rating agencies were deemed by agency staff to be in non-compliance with federal securities laws or related SEC rules, a recent SEC staff report reveals.

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Law Mortgage Marketing Design 370

Assurance Financial

APRIL 18, 2022

Some reasons to renovate your home include: Update the design: Although some designs have more staying power than others, a home can start to look dated if its finishes and fixtures aren’t refreshed from time to time. Maybe your in-laws are moving in, and you want to create a separate suite for them. Refinance Loan.

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Renovations Construction Home Improvement Mortgage 74