Housing Wire

AUGUST 11, 2022

That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits. In August 2021, Cadence Bank settled allegations of redlining which stemmed, in part, from the bank’s loan officers’ lack of Spanish language skills.

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Lending Finance Loan Officers Legal 360

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 But that’s not the case for the aviation business.

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Brokerage Business Loan Officers Legal 351

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 393

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 391

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. And I’m so delighted. I’ve read them.

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Mortgage Loan Officers Advertising Clients 383

Housing Wire

DECEMBER 18, 2023

Colgate Selden is an attorney, a partner at SeldenLindeke and has over 20 years of regulatory legal experience in government and as in-house and outside counsel, and also served as a founding member of the Consumer Financial Protection Bureau (CFPB) as senior counsel in its Office of Regulations. They [may] have to do it,” he said. “I

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Mortgage Business Legal Real Estate 399

Housing Wire

JANUARY 30, 2023

According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division.

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Loan Officers Retail Contracts Mortgage 442

Housing Wire

APRIL 13, 2022

Since 2016, legal immigration growth has declined by 40%. Increasing the supply of legal immigrant construction workers would accelerate economic growth. Incentivizing developers is necessary. If they are fully funded, both programs could scale up and provide affordable housing where it is most needed.

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Housing Wire

SEPTEMBER 30, 2021

Our hands-on approach to implementation, from developing the project roadmap to synchronized testing of each facet of the eClosing process, helps us ensure success for our clients,” DocMagic President and CEO Dominic Iannitti said. By 1988, it was incorporated and had employees, functional technology and customers.

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Technology Clients Supply Chain Design 289

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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Lending Law Legal Training 350

Lamacchia Realty

MARCH 4, 2024

Unlike loan officers at the bank or credit unions who work for a single institution, mortgage brokers have access to a vast network of lenders, providing borrowers with a wider range of options. Streamlined Process and Time Saving In the fast-paced world of real estate, time is of the essence.

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Mortgage Legal Realty Buyers 69

Housing Wire

SEPTEMBER 15, 2020

Notarize said its application development team built bank-grade, highly secure software systems. Borrowers and loan officers want and need remote capability to maintain social distancing and continue to transact business,” Madocks said. The data is transmitted and stored using industry-best data security practices.

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Business Law Real Estate Investors 462

Housing Wire

MARCH 29, 2022

And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. Housing and Urban Development Secretary Marcia Fudge. Yes, regulators are legally obliged to assess CRA adherence. Marcia Fudge, called attention to the continued practice of redlining. “We

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Lending Government Law Mortgage 360

Will Springer Realtor

AUGUST 1, 2023

Short sales can involve significant legal and tax consequences, which is why all sellers considering a short sale should be advised to first meet with a legal and tax professional to determine whether this step is their best option. Housing and Urban Development (HUD) team of counselors. Find a HUD counselor today.

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Sellers Buyers Real Estate Legal 36

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. And although Fudge has repeatedly vowed to bring banks back to FHA, recent policy moves could drive them away. Premium product.

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Insurance Modernization Lending Mortgage 348

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. These legal changes lead to a sharp increase in the use of AMCs. None of the key parties can select the appraiser—including the loan officer, mortgage broker, or homeowner.

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Appraisal Valuation Law Lending 36

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. Understanding unique issues like the schools, historic district designations, development plans, and even traffic patterns is essential.

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Real Estate Agent Real Estate Agents Sellers 69

PennyMac

JUNE 2, 2022

He agrees that new real estate investors need to think of rental property as a long-term investment and that they must educate themselves about legal issues they’ll likely face as a real estate lessor, particularly if you’re interested in multifamily properties. Speak with a Pennymac Loan Officer to explore your financial options.

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Real Estate Investing Tenants Property Management 69

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

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. Was it the borrower?

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Reconsideration of Value Appraisal Real Estate Insurance 73

PennyMac

JUNE 28, 2022

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). The owner’s title insurance is optional but highly recommended by most legal experts. Courier Fee.

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Insurance Property Taxes Sellers Inspection 36

PennyMac

AUGUST 10, 2022

Here’s how to know if an FHA loan is the right fit for you and your unique homeownership goals. What is an FHA Loan? Department of Housing and Urban Development (HUD). An FHA loan sounds like a loan that comes from the FHA, right? This is not true — the FHA does not issue loans directly to homebuyers.

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Insurance Buyers Mortgage Renovations 36