Housing Wire

APRIL 17, 2024

However, CPL Validations issues, including agent good standing, issuance limits or title file order registered in title insurer systems, recorded the largest increase, jumping 29.32%. of transactions having errors, as well as a higher rate of insurance coverage issues, at 2.2% up 60% compared to non-attorney only states.

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Insurance Agents Tools Legal 441

Housing Wire

JANUARY 10, 2023

It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. . In operations, Amir Jafari will assume a new position created of head of finance and administration, overseeing areas like finance, people and legal. million in the third quarter of 2022.

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Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , Treasury and introducing new technologies to the housing finance system. Founded in 1983, SVB specialized in banking for tech startups, providing financing for almost half of U.S.

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Insurance Government Design Finance 366

Housing Wire

DECEMBER 21, 2020

The moratorium directs mortgage servicers to halt all new foreclosure actions and suspend all foreclosure actions currently in progress, excluding legally vacant or abandoned properties. Low mortgage rates fuel the demand for valuation and settlement services. COVID-19 has created hardships for millions of Americans.

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Insurance Legal Finance Inspection 545

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Seniors, even those of advanced age, are legally required to face the same qualification requirements as any other mortgage applicants. “I

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Property Taxes Mortgage Design Finance 366

Housing Wire

MARCH 7, 2024

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.”

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Construction Renovations Insurance Landlords 532

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Real Estate Agent Real Estate Agents Insurance 436

Housing Wire

SEPTEMBER 13, 2023

The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice. Taxes, finance, insurance, and consumer product safety round out the top five.

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Realtors Insurance Legal Real Estate 375

Housing Wire

NOVEMBER 1, 2021

The Federal Housing Finance Agency today announced the hiring of a new legal advisor to FHFA Acting Director Sandra Thompson as well as the replacement of a Trump-era hire with a veteran agency official. The FHFA also announced Charles Yi will join the regulator as its senior advisor for legal affairs and policy.

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Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 370

Housing Wire

JULY 21, 2023

The news was first reported by legal website Top Class Action. The data compromised included “names, addresses, phone numbers, dates of birth, social Security numbers, passport numbers, driver’s license numbers, credit card information, bank account information and/or medical or insurance information,” the lawsuit says.

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Housing Wire

APRIL 4, 2024

The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics.

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Modernization Law Legal Landlords 236

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. What is a title in the context of real estate?

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Real Estate Legal Sellers Buyers 357

Housing Wire

NOVEMBER 29, 2023

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Heirs also may not be able to reap the economic benefits of homeownership and build generational wealth if they cannot finance and transfer the property.

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Housing Wire

APRIL 9, 2024

In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. Alternatives to conventional financing are in demand, and in parallel, emerging players have created avenues for capital to join an efficient, rapidly-emerging, and fintech-driven asset class. Not if, but how big?

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Investors Investing Real Estate Finance 373

Padove Appraisal Service

FEBRUARY 24, 2023

Financing: If you are financing your purchase or refinancing your existing mortgage, your lender may require an appraisal to ensure that the property’s value is sufficient to secure the loan. They are an important tool for ensuring that property is priced, taxed, insured, and distributed fairly and accurately.

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Appraisal Property Taxes Insurance Market Value 148

Housing Wire

FEBRUARY 4, 2021

It will be financed through a combination of committed equity financing provided by funds managed by Stone Point Capital and Insight Partners, as well as committed debt financing provided by JPMorgan Securities. Strategies lenders should adopt from direct to consumer lending.

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Legal Investors Lending Finance 429

Housing Wire

MARCH 29, 2021

The announcement named Stacie Herron as KWx chief legal officer; Dave Smith as president of Keller Home Financial Services; TV Kumaresh as head of strategy planning and integration; and Paige Gorman as vice president of integration. Prior to USAA, Kumaresh served as a vice president of corporate and direct strategy with Nationwide Insurance.

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Retail Insurance Legal Finance 410

Housing Wire

APRIL 23, 2024

I would love to see Fannie Mae and Freddie Mac allowing some type of financing of the commission, but I don’t think it will happen,” Lamacchia said. “I At the top of industry leaders’ minds for how the outcome of these lawsuits will potentially harm consumers is how buyers will be able to afford and pay for buyer representation. “I

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Brokerage Sellers Buyers Agents 308

Housing Wire

SEPTEMBER 2, 2022

Finance of America Reverse. Finance of America Mortgage. VP, All In One Loan Finance. Enact Mortgage Insurance. VP, Legal and Compliance. Senior Finance Project Director. Chief Administrative Officer. Andrew Lloyd. SVP, Infrastructure and Operations. April Steele. VP, Operations. Austin Ross. Brian Devlin.

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Retail Realty Finance Technology 324

Housing Wire

FEBRUARY 1, 2021

The Federal Housing Finance Agency appointed Clinton Jones as its new general counsel, saying this was the next step in turning the FHFA into a “world-class regulator.” Prior to joining the agency, he served for 24 years in various senior legal roles at the U.S. Since 2019, Jones has served as a senior advisor at FHFA.

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Legal Law Brokerage Finance 454

Housing Wire

MARCH 24, 2022

A HUD spokesperson denied the department has any intention of eliminating the use of these programs with FHA-insured mortgages. Leaders of the tribes wrote that HUD had not met its legal obligation to consult with them before the proposed rule. More than 39% of FHA loans had DPA in 2021, according to HUD.

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Housing Wire

AUGUST 8, 2022

Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Meanwhile, Jim Daras, who will also serve as president, will be the co-CEO for banking, capital markets, finance and risk activities. Applegate also served on the Fannie Mae Advisory Board.

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Human Resources Legal Finance Insurance 331

Housing Wire

JUNE 21, 2023

Other measures in the “proposed rule” stage include rulemaking on personal financial data rights; Property Assessed Clean Energy (PACE) financing and its interactions with the Truth in Lending Act (TILA); and the supervision of certain, larger nonbank covered participants for compliance with federal consumer financial laws.

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Valuation Finance Legal Development 306

Housing Wire

OCTOBER 18, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released the proposed changes for the Basel endgame in late July, which significantly increases capital requirements for banks. .” He answered questions raised by Bob Brokesmit, president and CEO of the MBA.

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Mortgage Legal Insurance Finance 334

Housing Wire

APRIL 5, 2022

There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” To boot, one of the first financing transactions on record was made in January 2022 by technology firm TerraZero. Defining virtual real estate.

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Real Estate Mortgage Property Taxes Law 530

Housing Wire

FEBRUARY 17, 2021

This HousingWire Daily podcast transcription features an interview with Monique Winston , vice president-national business development executive and chair of the diversity and inclusion council at WFG National Title Insurance Company. Monique, can you tell us more about your background and how you entered the housing finance sector?

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Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

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Landlords Investing Tenants Construction 379

Housing Wire

JULY 19, 2022

billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. The FHFA asked the public to help it identify “barriers” to implementing fintech in the housing finance ecosystem. But that scenario is a long way off. billion in 2021, up from $0.4

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Mortgage Finance Technology Legal 356

Housing Wire

NOVEMBER 13, 2023

In recent years, the value proposition of title insurance has come under attack following Fannie Mae’s announcement that it would accept attorney opinion letters in lieu of title insurance, as well as Fannie Mae and Freddie Mac’s title waiver programs , which were eventually scrapped. “If

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Insurance Real Estate Agents Real Estate Agent 396

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.”.

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Law Legal Valuation Government 420

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. housing finance industry and deserves a strong leader. For the first HW+ spotlight, we’re featuring Kris Kully, a partner at Mayer Brown. McCargo’s nomination.

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Finance Legal Development Training 323

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. Department of the Treasury ; and the Federal Reserve System.

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Valuation Appraisal Government Real Estate 361

Housing Wire

MARCH 14, 2022

in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies. home purchases, there are plenty of legal and practical reasons for buying a home through an LLC or trust. trillion in existing home sales in 2021.

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Real Estate Insurance Law Real Estate Agent 406

Housing Wire

JULY 30, 2021

The Federal Housing Finance Agency and the Federal Housing Administration today both announced they would each extend their eviction bans on borrowers of foreclosed properties. The CDC ban has also faced numerous legal challenges from property owners. Other federal agencies are expected to follow suit.

Real Estate 466

Real Estate Finance Legal Insurance 466

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Since 2016, legal immigration growth has declined by 40%.

Insurance 375

Insurance Construction Government Lending 375

Housing Wire

OCTOBER 24, 2023

Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team. ” However, if an MLS didn’t want to adopt a mandatory NAR rule, the MLS would lose its NAR-provided errors and omissions insurance, Gansho said. Glass returned to the floor after Ketchmark to ask Goldberg to clarify a few points.

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Realtors Agents Clients Buyers 412