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Florida affordable housing law that dilutes local power has upset the apple cart

Housing Wire

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government. The process has gone more smoothly in St.

Law 369
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. We alleged that the law denies access to housing to people from China and these other countries. The suit was filed on Monday in U.S. District Court in Miami.

Law 222
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Opinion: Two legal issues relevant to FHFA’s review of FHLB system

Housing Wire

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process. Short-term advances are not so restricted.

Legal 370
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Judge allows bulk of Texas Capital case against Ginnie Mae to proceed

Housing Wire

An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute.

Legal 420
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Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit

Housing Wire

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. TCB attorneys claim that Ginnie Mae’s positions are not supported by previously approved agreements, nor are they supported by law. Attorneys for the U.S.

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Black Knight awarded $155M in trade secrets theft lawsuit against Pennymac

Housing Wire

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. In March 2020, the companies entered arbitration. per share.

Contracts 421
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Zillow moves to have REX suit dismissed

Housing Wire

After nearly 10 days of trial proceedings, Zillow is ready for its years-long legal battle with REX Real Estate to be over. On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. District Court in Seattle hearing the trial.