Housing Wire

DECEMBER 5, 2023

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.

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Contracts Development Legal Law 421

Eppraisal

FEBRUARY 7, 2023

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. We have considered the acquisition of vacant land, financing that purchase; and complying with legal standards.

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Development Sellers Legal Home Value 69

Housing Wire

AUGUST 4, 2023

But some of those local officials are now expressing concern that the provisions of the new law are restricting their ability to more actively participate in development decisions within their communities, according to reporting by WUSF Public Media. “I think the hesitancy comes with the fact that it’s a preemption.

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Law Legal Development Construction 369

Housing Wire

SEPTEMBER 11, 2023

His overarching duty remains to steer the bank’s mortgage operations into full alignment with both federal and state legal mandates. Previously, Eising served as a credit risk policy analyst at Freddie Mac , where he contributed to the development and implementation of credit risk policies and procedures.

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Retail Legal Design Mortgage 397

Housing Wire

FEBRUARY 14, 2024

I am a big believer in developing a brand for your real estate business from Day One. While you can develop name recognition over time, I believe that naming your team or brokerage something other than the leader’s name allows more opportunity for scale and differentiation. you will have grounds to demand that they stop.

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Real Estate Agent Real Estate Agents Brokerage 432

Housing Wire

DECEMBER 6, 2023

As with establishing effective communication expectations early on, developing a crisis management plan before you need it will allow you to effectively deal with unexpected problems. Legal disputes. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights.

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Real Estate Legal Tenants Clients 410

Housing Wire

NOVEMBER 20, 2023

“This development signifies progress in our ongoing efforts and commitment to a resolution – it’s a positive step forward in bringing these cases closer to the finish line.” said in a statement. In an email, a RE/MAX spokesperson also noted that the firm anticipates the final approval of the settlement some time next year.

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Legal Real Estate Agents Realtors 432

Housing Wire

FEBRUARY 26, 2024

Newrez declined to comment on active litigation but noted it will “vigorously pursue all legal remedies available to us.” In the latest development, the court ordered the denial of the motion without prejudice to seeking relief complaint. Hecht didn’t immediately respond to requests for comment from HousingWire.

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Retail Legal Lending Business 421

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 466

Technology Lending Government Legal 466

Housing Wire

OCTOBER 27, 2023

The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider. ALTA has developed several multilingual documents to help educate potential homeowners whose primary language is not English.

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Insurance Real Estate Buyers Real Estate Agent 500

Housing Wire

JULY 21, 2023

.” Wu’s trilingual, all-female team comprises Olivia Marquez, a finance major with a background in luxury real estate; Isabelle Van Oppen, a UC Berkeley legal studies graduate with international investor clientele; and Michelle Pinner, who brings new development expertise.

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Brokerage Legal Clients Real Estate 369

Housing Wire

JANUARY 10, 2023

workforce by 28%, including research and development, sales, marketing, general and administrative functions. In operations, Amir Jafari will assume a new position created of head of finance and administration, overseeing areas like finance, people and legal. In another round of layoffs , Blend is reducing its U.S.

Legal 421

Legal Finance Insurance Mortgage 421

Housing Wire

JANUARY 11, 2024

TCB’s position, recent hearing In a statement submitted to RMD in October, representatives for TCB said that Ginnie Mae has refused to honor prior agreements and legal obligations by failing “to desist from its unlawful seizure of collateral that rightly belongs to [TCB].” District Court for the District of Delaware. 17, 2024.”

Lending 432

Lending Government Legal Law 432

Housing Wire

JULY 28, 2021

Blend Impact’s first leg, the Equitable Ecosystem Initiative, was soft-launched last year and gave free access of its platform — in multiple languages — to Minority Depository Institutions (MDI) and community development financial institutions.

Legal 410

Legal Development Lending Design 410

Housing Wire

JULY 6, 2023

Meirink said Savkar’s appointment is indicative of the company’s commitment to developing and promoting talent from within. Savkar has been a part of Wolters Kluwer since 2012, when he joined as vice president and general manager of the Legal & Regulatory division.

Legal 366

Legal Technology Business Insurance 366

Housing Wire

SEPTEMBER 28, 2023

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.

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Advertising Legal Law Real Estate 410

Housing Wire

MARCH 22, 2023

million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo. Quo raised $7.2 Since launching their app in June 2021, Quo’s users have amassed over $1.5

Finance 384

Finance Real Estate Agent Loan Officers Legal 384

Housing Wire

MARCH 24, 2023

By its own description, ChatGPT is “an AI-powered chatbot developed by OpenAI, based on the GPT (Generative Pretrained Transformer) language model. She had attempted to contact the developer for months with no response. ChatGPT wrote it as a legal issue and all of a sudden, the developer showed up at her house,” he said.

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Loan Officers Legal Development Design 479

Housing Wire

APRIL 10, 2024

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.

Brokerage 421

Brokerage Mortgage Development Insurance 421

Housing Wire

APRIL 11, 2023

They also help to prevent fraud and ensure that the sale is conducted legally and ethically. In real estate, a title is a legal document that establishes ownership of a property or asset. You can obtain a title through purchase, inheritance or other legal means. Rachel Luna is the agency development manager at Patriot Title.

Real Estate 384

Real Estate Legal Sellers Buyers 384

Appraisal Buzz

SEPTEMBER 22, 2022

On Monday, the Five Star Conference & Expo kicked off its second day of programming with the annual Legal League 100 Fall Servicer Summit for members, associate members, and mortgage industry professionals which features multiple panels and collaborative discussions regarding regulatory developments, landmark cases, and emerging issues within the (..)

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Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As

Retail 410

Retail Loan Officers Legal Technology 410

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. How hybrid title and valuations help increase lending efficiency.

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Renovations Development Investors Legal 508

Housing Wire

NOVEMBER 10, 2022

Houlihan Lokey served as financial advisor and Pierce Atwood served as legal advisor to Mortgage Network. Troutman Pepper was Movement’s legal advisor in the M&A transaction. “We Movement is expected to announce the deal to its employees on Friday afternoon. The company did not disclose the financial terms of the deal.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

NOVEMBER 3, 2023

Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The agreement puts an end to a short-lived legal dispute with the Treasury Department. Change is proud to be certified as a CDFI and to continue our mission,” Carlos Salas, CEO of Change Lending, said in a statement.

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Lending Legal Finance Contracts 410

Housing Wire

DECEMBER 21, 2023

Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme and made false statements targeting tens of thousands of Hispanic borrowers in Texas. We look forward to telling the true story of Colony Ridge.”

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Lending Development Investing Business 432

Housing Wire

JUNE 21, 2023

Department of Housing and Urban Development (HUD), the regulator’s agenda will address issues relevant to the housing industry. 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.

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Valuation Finance Legal Development 370

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. ” This is a developing story.

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Insurance Mortgage Development Legal 479

Housing Wire

SEPTEMBER 22, 2023

In addition to calling for an outside HR system and legal review, the letter’s authors also demanded the resignation or dismissal of Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and Head of HR Donna Gland. Drake’s letter casts doubt on NAR’s timeline and commitment to cleaning up a toxic culture.

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Law Legal Human Resources Realtors 410

Housing Wire

APRIL 26, 2021

Allen, hired in January, is responsible for managing Cloudstar’s title service department, which includes consulting, server-based reporting, and workflow services, as well as development in blockchain integrations and API’s. For title professionals, Cloudstar offers ResWare , RamQuest , Qualia , and SoftPro Consulting.

Development 370

Development Technology Legal Clients 370

Housing Wire

NOVEMBER 9, 2023

With the NAR playing a pivotal role in shaping the industry’s landscape, there are many opinions on what this new commission rule means — or doesn’t mean — for the legal issues NAR is currently facing in the public.

Real Estate Agent 410

Real Estate Agent Real Estate Agents Realtors 410

Housing Wire

SEPTEMBER 9, 2021

Meanwhile, Todd Maki, head of business development and partnerships at Snapdocs, remarked that integrating Notarize’s services will help mortgage lenders “orchestrate a more perfect mortgage closing” that is fully digital and error-free. Partnering with Snapdocs gets everyone there faster.”. million in the U.S. —

Legal 397

Legal Technology Real Estate Law 397

Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims.

Legal 397

Legal Insurance Development Mortgage 397

Housing Wire

JANUARY 28, 2021

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. The Department of Housing and Urban Development attempted to crack down on landlord discrimination back in 2018.

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Landlords Tenants Law Legal 466

Housing Wire

APRIL 1, 2024

Then, through his legal counsel, Kortas “asserted that the aviation business is a legitimate business of Nexa and “Grella had consented to some aviation related purchases.” Regarding the $24 million airplane-hangar leasehold, the lawsuit that “Grella informed the seller of the truth of Kortas’ inability to bind Nexa.”

Brokerage 421

Brokerage Business Loan Officers Legal 421

Housing Wire

AUGUST 13, 2020

“Given the dollar’s important role, it is essential that the Federal Reserve remain on the frontier of research and policy development regarding central bank digital currencies,” said Federal Reserve Board Governor Lael Brainard. The post A faster way to pay in a pandemic?

Legal 458

Legal Technology Development Finance 458

Housing Wire

JULY 5, 2023

Wells Fargo forces its employees on the Bilingual team to offer predatory lending options to Spanish-speaking customers,” the initial legal complaint reads. For example, Wells Fargo has developed an ‘Earn the Business’ program for the Bilingual team.

Mortgage 370

Mortgage Lending Legal Business 370