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Reffkin trades in Compass stock for $7M cash bonus

Housing Wire

According to a document filed last week with the Securities and Exchange Commission , Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire.

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ALTA: Protecting property rights with title insurance

Housing Wire

Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer. With title insurance, a claim is serious, and a loss means homeownership is threatened.

Insurance 473
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Two Southern banks complete mortgage eNote transfer

Housing Wire

Truliant, which serves more than 270,000 members and over 30 member financial centers in North Carolina, South Carolina, and Virginia, met a series of standards relating to eSignatures, eNote documentation, eClosings, eRegistry requirements, and eNote vault requirements, said Todd Hall, Truliant president and CEO.

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Title insurers reckon with attorney opinion letters

Housing Wire

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference.

Insurance 386
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Streamlining subsidies to build more affordable housing

Housing Wire

For example, direct costs could be additional staff time needed to complete applications and ensure compliance, legal fees, and other transactional costs associated with closing multiple funding sources. Consolidating applications and coordinating documents can reduce inefficiencies and produce cost and time-saving benefits.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

These can include: Additional legal fees- Since you will be closing on two mortgages, your fees may increase. Appraisal fees – To repay your incentive, you’ll need to have an appraisal done to work out the fair market price of your home. What else should you know?

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