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.

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Housing Wire

FEBRUARY 1, 2023

While mortgage attorneys said the “Control your Price” initiative doesn’t appear to clearly cross the legal line, they raised compliance concerns — including rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts.

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Housing Wire

DECEMBER 11, 2020

In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team. Filkey brings 15 years of industry experience, with a heavy focus in mortgage banking, alternative product development and asset management. The leadership change comes as Thomas Black, Jr.

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Appraisal Buzz

APRIL 29, 2024

Developing multiple streams of income personally, as well from within your business, should always be a priority. If you aren’t in control of your clients, your fees, your market, or the main factors that drive your business, you’re always under threat by outside forces, like interest rates and government policy.

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Housing Wire

AUGUST 22, 2023

The proposed rule will implement quality control standards that govern AVMs used by originators and secondary market issuers in valuing the real estate collateral securing mortgage loans. The National Association of Mortgage Brokers (NAMB) said it supports new federal regulatory proposals governing the use of AVMs.

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Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income.

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Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

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Housing Wire

JUNE 8, 2022

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”.

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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.

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Housing Wire

APRIL 6, 2021

Elaine Marshall, North Carolina Secretary of State, described it as a “win-win-win for home buyers, the business sector and the government sector in making the mortgage closing process less time consuming, less stressful, and even more secure.” Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

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Housing Wire

FEBRUARY 8, 2022

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. We already know that government staff were low, to begin with. An army of door-knockers.

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Will Springer Realtor

JANUARY 16, 2024

These acts were deemed legal by the Supreme Court until 1948 and by Congress until it enacted the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). Tens of thousands of documents with language against protected classes of people still exist in our state even as they no longer hold legal standing.

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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. Non-lending appraisal courses. Who staffs these types of jobs?

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McKissock

OCTOBER 23, 2020

How are divorce appraisals different from standard mortgage lending appraisals? McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. When entities are co-owned, and the co-owners decide to separate, disputes often develop. Bankruptcy. Learn more.

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Appraisal Insurance Legal Development 77

Housing Wire

FEBRUARY 14, 2022

Heidi brings deep expertise in areas across the legal spectrum, including in mortgage lending, servicing, credit access and regulatory matters, among others,” said Michael DeVito, CEO of Freddie Mac. “I Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3

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Housing Wire

FEBRUARY 14, 2024

Department of Housing and Urban Development (HUD) deputy secretary Brian Montgomery and his partners, announced this week the launch of a new subsidiary that will offer its expertise to financial services firms seeking fair lending and other compliance management services. So, honestly, just one day it kind of dawned on me.

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Birmingham Appraisal

AUGUST 2, 2023

Strong Market Knowledge A successful real estate appraiser should stay well-informed about the latest trends and developments in their real estate market. Property data collectors do not possess a valid appraiser’s license, and they are not authorized to provide formal appraisals that can be used for legal or lending purposes.

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AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

SEPTEMBER 1, 2021

A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. The HVCC served as appraisal guidelines that then led to incorporating similar appraiser guidelines into the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act.

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Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. Perhaps “cash-strapped” county governments may yet use a blockchain platform on a pilot basis, Ozair said.

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Real Estate Law Inspection Agents 482

Zillow

JULY 15, 2019

Conventional loan : A home loan not guaranteed by a government agency, such as the FHA or the VA. Fannie Mae : A government-sponsored enterprise chartered in 1938 to help ensure a reliable and affordable supply of mortgage funds throughout the country. Days on market (DOM) : The number of days a property listing is considered active.

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The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

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Appraisal Today

NOVEMBER 24, 2023

For starters, any development would have to pass through three levels of bureaucracy, as 4.1 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.

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Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

Realvals

JUNE 18, 2023

The LTV is a percentage that represents the amount of money to lend compared to the value of the home. ” ( source ) The only way to obtain legal ownership of the property is to go through the probate process. Typically, the government will notify you of their intent to acquire your property.

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Housing Wire

SEPTEMBER 30, 2020

On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. In these four quadrants we service conforming and government mortgages, small balance commercial loans and private securities. At the end of Q2, we serviced more than $206 billion in UPB.

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Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it.

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Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Since 2016, legal immigration growth has declined by 40%. Increasing the supply of legal immigrant construction workers would accelerate economic growth. of GDP in 2020.

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Housing Wire

NOVEMBER 30, 2023

From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent. Program follows a blueprint developed by the OH Association of Realtors®. Athens Campus location.

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Clear Capital

JUNE 21, 2022

In addition to the Fannie Mae and Freddie Mac focus on appraisal bias, federal banking regulators and the Consumer Financial Protection Bureau (CFPB), all of whom are on the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), continued their work to examine requirements around AVM development and use. Valuation Equity.

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Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

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Assurance Financial

AUGUST 9, 2021

Every year, the USDA uses its Rural Development program to invest about $20 billion in helping families across the United States buy and improve their homes. Below we’ve mapped out an overview of the USDA Rural Development Guaranteed Housing Loan Program, explaining how it works and if you’re eligible for loans. Guaranteed Loans.

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Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

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Appraisal Today

APRIL 1, 2023

Instead this reviewer proceeded to tell me that it was one of the most detailed and well-developed reports he had seen in all his years reviewing relocation work. Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. Worth reading.

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Will Springer Realtor

APRIL 6, 2021

Condo bylaws, covenants and other legal documents usually lay out in specific terms who is responsible for what.). Conventional loans on established places like Insignia or Emerald in Seattle are typically insured by government entities or deep-pocketed investors and run 15, 20 or 30 years.

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PennyMac

AUGUST 10, 2022

FHA stands for the Federal Housing Administration, a government agency created in 1934 by the U.S. Department of Housing and Urban Development (HUD). The FHA does have lending limits, and these numbers can differ depending on where you buy a home. One must be government-issued, photo I.D. What is an FHA Loan?

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Insurance Buyers Mortgage Renovations 36

Raleigh Realty

APRIL 19, 2022

LGBTQ+ Guide to Finding a New Home LGBTQ+ Housing Guide: How to Find a Welcoming Home From discriminatory lending practices to exorbitant interest rates, LGBTQ people have faced many barriers to homeownership. The best way to resolve the issue is to file a complaint with the US Department of Housing and Urban Development.

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