Housing Wire

APRIL 10, 2024

This development arises amidst heightened scrutiny and legal challenges facing NAR , including a landmark antitrust settlement that, if approved, would mandate a payment of $418 million and the implementation of rule changes. . “I’m hoping it can be the dominant organization nationwide.

Real Estate Agent 443

Real Estate Agent Real Estate Agents Legal 443

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 407

Technology Lending Government Legal 407

Housing Wire

FEBRUARY 26, 2024

OneTrust Home Loans , a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez executive vice president for national retail lending, to orchestrate the termination of several Newrez executives and have them join OneTrust, according to the suit filed Feb. 21 in the U.S.

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Retail Legal Lending Business 400

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. The bank, which paid a $3.7

Mortgage 358

Mortgage Lending Legal Business 358

Housing Wire

JULY 28, 2021

Digital lending and cloud banking startup Blend Labs has launched Blend Impact , a program focused on increasing access and equity in housing and financial services with Blend’s nonprofit partners. ” The company said it will be giving its employees 24 hours of paid time off to volunteer, with a current focus on homelessness.

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it.

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Appraisal Design Lending Development 397

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. When asked about the reportedly higher lending limit for this loan, a FOA spokesperson told RMD that the reporting on the loan amount is simply incorrect and that it is “within current HomeSafe lending limits.”

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Tools Mortgage Finance Lending 379

Appraisal Buzz

APRIL 29, 2024

Developing multiple streams of income personally, as well from within your business, should always be a priority. Of course, the primary source of business for most residential appraisers has traditionally been the lending industry: refinances, HELOCs, and mortgages for the purchase of a home.

Clients 195

Clients Business Appraisal Lending 195

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

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists. from 2012 to 2021.

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Government Lending Development Legal 534

Housing Wire

MAY 24, 2021

We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Presented by: Sagent Lending Technologies.

Technology 380

Technology Lending Investors Modernization 380

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

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Law Legal Valuation Government 420

Housing Wire

AUGUST 5, 2022

Numerous organizations criticized the agencies for not proposing to grade banks based on data about their minority lending. Above all, we are extremely disappointed to see the lack of the explicit consideration of lending by race in a lender’s CRA rating,” wrote the St. Louis Equal Housing and Community Reinvestment Alliance.

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Lending Development Mortgage Retail 406

Appraisal Buzz

NOVEMBER 11, 2021

As employee home loan assistance programs are developed, employers must consider the implication of lending regulations. Legal experts Brett L. Foster and T. Robert Finlay share their thoughts with DS News. The post Quick Take: Next-Level Thinking on Employee Home Loan Assistance Programs appeared first on DSNews.

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Legal Lending Development Appraisal 195

Housing Wire

MAY 17, 2022

With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said. and Keefe, Bruyette & Woods served as financial advisors to Inco-Check Winston & Strawn served as legal counsel to NGC. Terms of the deal were not disclosed.

Logistics 318

Logistics Legal Investors Technology 318

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.

Lending 337

Lending Legal Clients Development 337

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 315

Housing Wire

NOVEMBER 7, 2022

According to the document, Athas is winding down, effective immediately, but will honor loans in its pipeline that it’s legally obligated to fund. Athas Capital has been credited for “pioneering the re-birth of ‘sane’ subprime lending,” according to the company website. Presented by: Teraverde.

Lending 430

Lending Investors Business Mortgage 430

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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Construction Real Estate Agent Loan Officers Legal 397

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. ” According to Selden, the rule is clear.

Lending 352

Lending Law Legal Training 352

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 391

Retail Loan Officers Legal Technology 391

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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Agents Buyers Loan Officers Real Estate 389

Housing Wire

AUGUST 7, 2020

Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga. Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations.

Technology 260

Technology Law Lending Legal 260

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.

Legal 521

Legal Law Government Lending 521

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.

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Legal Insurance Development Mortgage 372

Housing Wire

SEPTEMBER 16, 2021

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. Kris Kully: It was the six years I spent working as a new lawyer at the Department of Housing and Urban Development.

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Finance Legal Development Training 332

Housing Wire

AUGUST 22, 2023

In addition, regulators should be aware of any unbalanced market effects of AVMs regulations, conflicting interpretations of the legal framework, and the lack of established methodologies in examining systemic bias in the U.S., the trade groups state. When announcing the proposed rule, Vice President Kamala Harris weighed in.

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Valuation Appraisal Government Real Estate 365

Housing Wire

JUNE 8, 2022

“We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. Both plans rely heavily on special purpose credit programs , which allow lenders to target lending to protected classes without violating the Equal Credit Opportunity Act. . “A

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Development Finance Government Lending 329

Housing Wire

DECEMBER 9, 2020

mortgage and housing markets and serves an audience of lending, servicing, investment and real estate market participants. Mark Adams, Director of Real Estate for HW Media, will take on responsibility as the commercial lead for REAL Trends where he will oversee product development and sales. About HW Media.

Real Estate 538

Real Estate Brokerage Legal Real Estate Agent 538

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together.

Real Estate 297

Real Estate Design Lending Agents 297

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

Loan Officers 355

Loan Officers Mortgage Finance Lending 355

Housing Wire

OCTOBER 1, 2020

Nutter’s legal team strongly disputed both the “factual accuracy” and “legal merits” of the allegations that were investigated by the Commercial Litigation Branch of the Department of Justice’s Civil Division, the U.S.

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Legal Insurance Law Mortgage 313

Housing Wire

APRIL 21, 2022

Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. Notwithstanding all of the guidance, we still hear concerns of legality from lenders,” Perry said. “So So I say keep the guidance coming, because we are building it and we hope the lending community will come.”.

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Lending Legal Law Development 410

Housing Wire

APRIL 22, 2022

” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. . “The refinance volume, in particular, is expected to be down 60% to 70% from last year’s volumes.”

Mortgage 381

Mortgage Marketing Human Resources Clients 381

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices.

Investors 327

Investors Law Insurance Lending 327

Housing Wire

APRIL 6, 2021

Officials said 11 federal home loan banks set servicing system requirements relating to eSignatures and eNote documentation in early 2020 – the culmination of three years of development. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

Mortgage 249

Mortgage Legal Fees Law Legal 249

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The regime has limited its accountability and enforcement systems.

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Government Appraisal Reconsideration of Value Lending 368