Housing Wire

JUNE 15, 2021

Sprout said it intends to grow its retail channel through increased direct sales to consumers and residential investors, dedicated retail facilities, and joint ventures. In April, the company announced that it had hired Infosys chief information officer and global director of real estate finance Henry Santos to be CIO.

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Retail Mortgage Legal Lending 346

Housing Wire

JUNE 1, 2021

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. How hybrid title and valuations help increase lending efficiency.

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Renovations Development Investors Legal 502

Housing Wire

JUNE 21, 2022

announced on Friday that it has decided to internalize the company’s management, a step that the real estate investment trust estimates will reduce its costs and potentially attract more institutional investors to its stock. New Residential Investment Corp.

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Investing Real Estate Investors Legal 344

Housing Wire

MARCH 3, 2022

There are many reasons why securitization works so well and why the ability to originate and finance a loan is as reliable as turning on your tap and knowing it will produce water. The end investor does not, for example, need to price the risk that the bond issuer itself becomes insolvent. This legal construct is critical.

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Investors Legal Architecture Investing 306

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. But in the current mortgage landscape, with crazy rate spreads and shy investors, non-QM can be a dangerous space. Since 2008, it has funded over 14,000 loans, reaching $5.5

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Lending Investors Business Mortgage 420

Housing Wire

APRIL 19, 2021

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox.

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Landlords Investing Tenants Construction 375

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps.

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Government Investors Law Finance 494

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. Investment analysis: Real estate investors may use appraisals to evaluate the potential return on investment for a property.

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Appraisal Property Taxes Insurance Market Value 148

Housing Wire

JULY 19, 2022

Although investors have poured an increasing amount of money into fintechs — $1.7 billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. But that scenario is a long way off. billion in 2021, up from $0.4

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Mortgage Finance Technology Legal 351

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 post CFPB wants lenders to disclose reason for denial of credit appeared first on HousingWire.

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Law Legal Valuation Government 412

Housing Wire

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau. This approach has advantages: it’s simple, observable and verifiable.

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Government Mortgage Finance Legal 238

Housing Wire

JULY 14, 2021

The class action-seeking lawsuit, which was filed in the Eastern District Of Michigan’s Southern Division, alleges that Rocket was aware of factors that were already taking a toll on its business, while touting its future performance to investors.

Law 450

Law Investors Mortgage Legal 450

Housing Wire

DECEMBER 10, 2021

He previously called workers “dumb dolphins” in an email and had a lengthy history of legal issues in which he was accused of fraud and misleading investors, Forbes previously reported. It was hardly Garg’s only transgression as the head of the digital mortgage lender. billion valuation.

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Legal Valuation Investors Mortgage 404

Housing Wire

FEBRUARY 7, 2023

Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37 loanDepot’s headcount has nearly halved from 11,300 at year-end 2021 to approximately 6,100 at the end of September 2022. Per Inside Mortgage Finance data, conditions have since worsened – the lender originated just $6.37

Real Estate 306

Real Estate Legal Contracts Mortgage 306

Housing Wire

MAY 13, 2022

Jacob Inwald, director of foreclosure prevention at Legal Services NYC , said although it has only been in effect about a year, Engel effectively allowed lenders to bring “ancient cases back from the dead.”. Investors that buy pools of loans – that will be the first domino that we will see fall in New York,” said McGrath.

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Law Legal Investors Government 281

Housing Wire

JANUARY 25, 2024

In 2021, LoanSnap secured $30 million in series B financing led by True Ventures. Also participating in the funding included prior investors Baseline Ventures , Richard Branson’s Virgin Group , and MANTIS , according to the company’s previous release.

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Loan Officers Mortgage Finance Lending 338

Housing Wire

JULY 8, 2022

Two former employees are suing the Long Island-based Sprout, its affiliated company Recovco Mortgage Management LLC and chief executive officer Michael Strauss, alleging they laid off around 100 employees at the New York office on Wednesday without giving legally required written notice and failed to pay their paychecks due the following day.

Mortgage 424

Mortgage Legal Investors Finance 424

Housing Wire

NOVEMBER 2, 2023

“I broker business-purpose loans completely in a manner which is fully compliant with all laws and regulations and anything said to the contrary is incorrect,” Strauss told Inside Mortgage Finance (IMF) in early September. Smart Rate is registered in Florida to Michael’s wife, Beth Strauss, according to the Florida Limited Liability Company.

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Business Loan Officers Law Mortgage 407

Housing Wire

OCTOBER 16, 2023

According to Katie Johnson, NAR’s Chief Legal Officer, jury selection started last week and should finish today. Named in the class action are NAR, RE/MAX , Anywhere , Keller Williams and Berkshire Hathaway HomeServices. “We are now anticipating opening arguments to begin on Tuesday, Oct.

Buyers 448

Buyers Brokerage Agents Realtors 448

Housing Wire

AUGUST 25, 2023

Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

FEBRUARY 27, 2024

Despite these legal advancements, Black Americans still face challenges in achieving homeownership at rates comparable to other demographics. When they are ready to finance a new home, Black applicants are more likely to face tighter credit standards compared to other demographics with similar financial profiles. But it wasn’t enough.

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Real Estate Investors Business Lending 400

Housing Wire

DECEMBER 11, 2020

Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce. In their new roles as co-managing partners, Graham will oversee all legal functions of the firm, while Shawn Black will manage the firm’s operations. The leadership change comes as Thomas Black, Jr.

Lending 321

Lending Legal Clients Development 321

Housing Wire

JANUARY 13, 2021

12 conference call, Kelly explained that it had become “quite clear” in recent weeks that the Department of Justice was unwilling to work with Visa and Plaid to bring the legal action to “a timely and reasonable conclusion.”. Perret said Plaid will continue to collaborate with Visa as a strategic investor and partner.

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Investors Legal Valuation Finance 320

Housing Wire

NOVEMBER 7, 2023

Revenue decreased by 10% year over year to $1.34 billion as transactions declined 12% over the quarter, driven by macroeconomic factors. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said.

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Agents Real Estate Agent Realtors Brokerage 339

Housing Wire

NOVEMBER 1, 2023

“Today we are focused on delivering the Housing Super App , a tech enabled end-to-end platform with products and services that make it easier for people to move,” Barton told investors and analysts listening to the firm’s Q3 2023 earnings call Wednesday evening. You’ve heard me say many times that 2023 is crucial for Zillow.

Real Estate 430

Real Estate Advertising Agents Realtors 430

Housing Wire

SEPTEMBER 9, 2022

The nonagency share of the market has been rising slowly since then, reaching 4.32% in 2021, according to recent analysis by the Urban Institute ’s Housing Finance Policy Center. This [rate of runoff] will necessitate private investors to absorb about $250 billion in additional supply per year over the next decade.

Marketing 355

Marketing Mortgage Investors Legal 355

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” 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. on April 20.

Mortgage 369

Mortgage Marketing Human Resources Clients 369

Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner.

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Modernization Legal Contracts Mortgage 340

Housing Wire

JANUARY 11, 2024

I think you will agree that our primary focus must be on furthering the business of the association which means we are fully engages on the legal, business and advocacy challenges that are top priority to you and the clients that you serve.” Deval Patrick and again in 2019 by Gov. Charlie Baker.

Realtors 365

Realtors Real Estate Legal Law 365

BiggerPockets

SEPTEMBER 23, 2023

Want to know how assumable mortgages work for investors? We'll explain the benefits, steps, and legal considerations for assuming a mortgage.

Legal 72

Legal Mortgage Investors Finance 72

The Robert Weiler Company

JANUARY 2, 2021

Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. The basic foundation behind a land contract in Ohio is similar to financing a new car, with some key differences.

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Contracts Tenants Legal Sellers 143

Housing Wire

OCTOBER 12, 2020

They need to not only help borrowers enter forbearance but are also required to reach out before the end of each forbearance period to determine the appropriate post-forbearance relief option based on investor/insurer waterfalls. The government response to COVID-19 has complicated this, as guidelines and requirements can change quickly.

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Legal Training Law Insurance 390

Housing Wire

NOVEMBER 3, 2023

“While it came as a significant financial cost, we believe it was absolutely the best decision for all of our stakeholders, affiliate, employees, shareholders, and debt holders alike,” Steve Joyce, RE/MAX’s CEO, told investors and analysts during the firms third quarter 2023 earnings call with investors Friday morning.

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Agents Investors Buyers Business 360

Housing Wire

AUGUST 10, 2023

The class action was filed on behalf of investors who purchased loanDepot’s class A common stock in connection with the company’s initial public offering on February 16, 2021. It also includes investors who acquired company stock between March 16, 2021 and September 22, 2021. loanDepot stock was trading at $2.14

Investors 345

Investors Investing Marketing Legal 345

Cleveland Appraisal Blog

AUGUST 25, 2022

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. It starts with managing your budget but also includes understanding which upgrades make a space more desirable. Questions?

Investing 332

Investing Renovations Landlords Real Estate 332

Cleveland Appraisal Blog

AUGUST 11, 2022

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. The type and range of information you have to provide in the seller’s property disclosure will, of course, depend on the legal regulations of the state where you have the property.

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Renovations Buyers Appraisal Investing 221

Eppraisal

JULY 21, 2023

However, with the constantly shifting dynamics of the housing market and the advent of alternative financing options, it begs the question: Is rent-to-own still a thing in real estate? Rent-to-own contracts involve intricate legal and financial considerations, which can vary significantly from one region to another.

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Real Estate Sellers Investors Finance 36