Housing Wire

JUNE 1, 2021

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. 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.

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Renovations Development Investors Legal 502

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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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).

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Mortgage Retail Business Lending 370

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.

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Lending Legal Clients Development 340

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 365

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). In 2021, LoanSnap secured $30 million in series B financing led by True Ventures. But the crux of the commissioner’s findings focuses on unlicensed origination activities.

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Loan Officers Mortgage Finance Lending 356

Housing Wire

FEBRUARY 27, 2024

In the early 20th century, Black Americans faced significant barriers to homeownership, including racial segregation, discriminatory lending practices, and exclusionary covenants that prevented them from buying homes in certain neighborhoods. But it wasn’t enough. Even when they win, they don’t. Besides, it’s unnecessary.

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Real Estate Investors Business Lending 411

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. Over time, we expect to diversify our revenue streams.”

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Mortgage Marketing Human Resources Clients 381

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.

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Investing Renovations Landlords Real Estate 332

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

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

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Law Mortgage Legal Finance 359

McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. Non-lending appraisal courses. Who staffs these types of jobs?

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Appraisal Training Lending Land Management 74

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. Lending is lending.

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Real Estate Mortgage Property Taxes Law 527

The Robert Weiler Company

SEPTEMBER 30, 2020

The physical, legal, or economic descriptions of the property are in question. Two of the best examples occur when there is lending involved or litigation pursued. Additionally, lenders, investors, developers, and attorneys may request a commercial appraisal review if they have worries about rental delinquencies or vacancy rates.

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Real Estate Appraisal Property Appraisal Valuation 137

Eppraisal

DECEMBER 28, 2021

Underwriting: Because It Has to Make Sense Underwriting sits at the heart of mortgage lending. In such cases, underwriters must sharpen their pencils and manually examine the pertinent ratios and thresholds to see if the loan is a safe bet for the bank and its investors.

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Mortgage Home Value Insurance Loan Officers 68

Quicken Loans

APRIL 14, 2021

P = the original principal balance lended or borrowed. Thanks to the Truth in Lending Act (TILA) of 1968, lenders are legally obligated to disclose the terms of your mortgage with you, which includes the total amount of interest and fees that are due over the course of the loan. r = the interest rate. The Bottom Line.

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Mortgage Investing Lending Investors 47

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

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Investors Development Legal Business 523

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase.

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Investors Development Legal Business 367

Walitt Solutions

JULY 28, 2019

In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. Are these “other” inspection-and-valuation processes appropriate for lending?

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Appraisal Inspection Valuation Lending 28

Lamacchia Realty

MARCH 4, 2024

Whether you are a first-time homebuyer or a seasoned investor, choosing the right mortgage broker can significantly impact your overall home-buying experience. Wide Variety of Lending Options One of the most significant advantages of working with a mortgage broker is access to a wide variety of lending options.

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Mortgage Legal Realty Buyers 69

Realvals

JUNE 18, 2023

This helps them determine the loan-to-value ratio and assess the risk associated with financing the property. The LTV is a percentage that represents the amount of money to lend compared to the value of the home. ” ( source ) The only way to obtain legal ownership of the property is to go through the probate process.

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Appraisal Property Taxes Real Estate Market Value 145

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. Understanding the perspectives of the appraiser and bank appraisal review department helps lenders communicate with the borrower at the onset of the real estate financing process.

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Appraisal Process Real Estate Appraisal Renovations 78

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities. But there was a catch.

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Lending Government Law Mortgage 364

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Since 2016, legal immigration growth has declined by 40%. Increasing the supply of legal immigrant construction workers would accelerate economic growth. of GDP in 2020.

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Insurance Construction Government Lending 378

Will Springer Realtor

APRIL 6, 2021

A buyer’s choices for financing of a condo, however, can be, well , complicated. In the complex world of condominiums, it is as important to know which buildings are favorable for financing as it is to ensure a buyer’s eligibility for the mortgage itself. Mortgage options vary just like the number of home types available for purchase.

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HOA Mortgage Buyers Insurance 36

Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. It is lack of labor, land/lots, lumber/materials, lending for builders and land developers and ever-costly legal/regulatory costs,” he said.

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Construction Supply Chain Real Estate Development 36

Clear Capital

NOVEMBER 30, 2021

They are a digital lending platform. And I think you know, when you put these all these things together, the idea of a more streamlined process on the purchase side, on single family rental, on all the things up front and then the investment in platforms it really streamline the finance side of things. But that’s mobile first.

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Landlords Real Estate Tenants Investing 69

Housing Wire

DECEMBER 7, 2020

DPA has become such an integral part of the state housing finance agency (HFA) business model that in 2019, nearly three-quarters of all the single family mortgages they funded carried down payment assistance. The typical agency financed nearly 3,000 loans that averaged about $7,200 in DPA, amounting to about 4.5%

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Law Government Finance Mortgage 483

Housing Wire

MARCH 15, 2022

A recent judge’s ruling in pending litigation involving student-loan securitization trusts could have far-reaching legal and financial implications for the private-label securities market. But if their case raises important and dispositive legal issues, they may seek permission to appeal early. Court of Appeals for the Third Circuit.

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