article thumbnail

Fannie Mae warns Northern CA mortgage lenders of child support income scheme

Housing Wire

Refer to public record data to determine the authenticity of supporting documents contained in the loan file.” For lenders who suspect that they may have clients attempting to perpetrate the scheme, Fannie Mae recommends documenting all applicable details.

article thumbnail

Drama mounts in Sitzer trial as HomeServices files a motion for mistrial

Housing Wire

The drama continues on Wednesday After a night to think it over, HomeServices of America filed a motion for a mistrial, claiming that the Tom Ferry podcast, which the filing refers to as the “ambush video,” is “extraordinarily prejudicial.” According to the filing, the video was not produced during discovery or placed on the Exhibit List.

Sellers 410
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

Appraisal 397
article thumbnail

How ChatGPT can help you work more efficiently and generate more leads

Housing Wire

Artificial intelligence refers to computer systems designed to perform tasks that usually require human intelligence, such as recognizing speech, identifying patterns or making decisions. ChatGPT wrote it as a legal issue and all of a sudden, the developer showed up at her house,” he said. But first things first.

article thumbnail

Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Your system of getting competitors together to found and enforce rules that are designed to stabilize prices is wrong,” he said. “It It is against the law.

Realtors 441
article thumbnail

7 best real estate schools in North Carolina (NC) for 2024

Housing Wire

Before you dive in, it’s important to know that in North Carolina, all beginning real estate agents are referred to as provisional brokers. And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. In-person or livestream via Zoom on designated dates / times.

article thumbnail

Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

I’m feeling the pressure to cut my pay, because when I do it, and my agent partners, they see that I do that, and then they’ll tell people they refer to me. It’s the ultimate in legalized fraud. Ciardelli says he asked about the bucket pricing game and attorneys all told him no, it’s not legal, he said. “I’ll