Housing Wire

FEBRUARY 15, 2024

The legal battle follows the creation of a Facebook group called “Rocket Pro TPO vs UWM,” which UWM says Walker founded on Oct. mortgage lender, originating about $108 billion in 2023, per Inside Mortgage Finance estimates. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. UWM is the largest U.S.

Mortgage 414

Mortgage Legal Advertising Loan Officers 414

Housing Wire

MARCH 14, 2024

Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options.

Lending 421

Lending Renovations Legal Real Estate 421

Housing Wire

DECEMBER 19, 2023

While the current leadership is vocal relative to consumer protection and racial equity issues, there are permanent, institutional commitments to fairness in housing and housing finance that have been enshrined in law for decades and that transcend politics.

Legal 410

Legal Law Supply Chain Lending 410

Housing Wire

JANUARY 10, 2023

In operations, Amir Jafari will assume a new position created of head of finance and administration, overseeing areas like finance, people and legal. The head of finance Marc Greenberg and the head of legal, compliance, and risk Crystal Sumner will depart Blend in the first quarter.

Legal 421

Legal Finance Insurance Mortgage 421

Housing Wire

MARCH 21, 2024

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. Equifax did not immediately return a request for comment.

Insurance 458

Insurance Legal Finance Mortgage 458

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. Increasing the tone of the legal battle, Pennington filed a counterclaim against Movement requesting about $9.8 million in unpaid compensation.

Loan Officers 419

Loan Officers Legal Retail Finance 419

Housing Wire

JANUARY 25, 2024

The PLS.com and three of the nation’s largest multiple listing services have reached a settlement agreement in their ongoing legal battle. The original lawsuit was dismissed in Feb. The PLS.com was founded in 2017 by Mauricio Umansky, David Barnes, James Harris and Christopher Dyson.

Legal 432

Legal Real Estate Agents Realtors 432

Housing Wire

JANUARY 10, 2024

In the trade organization’s motion for a new trial, it claimed that “the previous trial resulted in a miscarriage of justice through a verdict against the weight of the evidence, an excessive damage award, and legal errors at trial.”

Legal 420

Legal Law Realtors Brokerage 420

Housing Wire

MARCH 28, 2024

According to the DOL, they must pay $35,000 in emotional damages and the legal fees of the two employees who reported consumer fraud concerns. According to data from Inside Mortgage Finance , PrimeLending, led by president and CEO Steve Thompson, ranked as the 35th largest U.S. mortgage lender in 2023.

Human Resources 431

Human Resources Legal Fees Loan Officers Retail 431

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.

Tools 431

Tools Mortgage Finance Lending 431

Urban

JANUARY 6, 2022

Lifting legal roadblocks alone will not guarantee an influx of additional or affordable housing. Homeowners and small developers need access to the financing necessary to build new infill units.

Finance 117

Finance Law Legal Development 117

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

Property Taxes 410

Property Taxes Mortgage Design Finance 410

Housing Wire

SEPTEMBER 25, 2023

IRIS Software Group, one of the UK’s largest, privately held software companies, provides software solutions and services for finance, HR and payroll teams and accountancy firms. They must also prove they have a legally required, permissible purpose for accessing the information.

Legal 441

Legal Business Government Tools 441

Housing Wire

NOVEMBER 9, 2023

The heightened consumer protection focus from government agencies, combined with the Department of Justice’s ongoing legal feud with the National Association of Realtors and its recent involvement in the Nosalek commission lawsuit , has many in the industry expecting that the DOJ will get involved in the Sitzer/Burnett suit, and potentially others.

Legal 431

Legal Real Estate Real Estate Agent Law 431

Housing Wire

MARCH 14, 2024

Hello Divorce , a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets.

Real Estate 458

Real Estate Legal Modernization Clients 458

Housing Wire

NOVEMBER 3, 2023

The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 410

Lending Finance Legal Contracts 410

Housing Wire

MAY 10, 2023

Wachtell, Lipton, Rosen & Katz and Simpson Thacher & Bartlett LLP were the legal advisors to Mr. Cooper in the transaction. Meanwhile, Kirkland & Ellis was the legal advisor and Houlihan Lokey the financial advisor to Home Point. billion in 2022, a 71.6% decline compared to 2021.

Legal 397

Legal Sellers Inventory Mortgage 397

Housing Wire

NOVEMBER 9, 2023

At this time, however, it’s not possible to quantify the full extent of remediation and legal expenses. The cyber attack is not expected to bring a “material” impact on the company finances, Mr. Cooper said. The company estimates fourth-quarter earnings will include $5 to $10 million in additional vendor costs.

Legal 432

Legal Law Finance Technology 432

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.

Legal 458

Legal Investors Lending Finance 458

Housing Wire

JULY 21, 2023

” Wu’s trilingual, all-female team comprises Olivia Marquez, a finance major with a background in luxury real estate; Isabelle Van Oppen, a UC Berkeley legal studies graduate with international investor clientele; and Michelle Pinner, who brings new development expertise.

Brokerage 369

Brokerage Legal Clients Real Estate 369

Housing Wire

MARCH 8, 2024

JND Legal Administration is in charge of distributing the mailers, emails and press releases. While it is not uncommon for the parties themselves to handle settlement administration work, legal experts told HousingWire that due to the size and scope of these lawsuits it is not surprising that a third-party administrator was brought in.

Agents 432

Agents Legal Realtors Clients 432

Housing Wire

AUGUST 31, 2022

According to Inside Mortgage Finance estimates, Cornerstone, independently held, is a top-50 retail mortgage lender. Cornerstone Home Lending had Otteson Shapiro LLP as legal advisor and Scott Almy as a business advisor. was the financial advisor and Holland & Knight LLP the legal counsel. It funded $5.1

Lending 370

Lending Retail Legal Loan Officers 370

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Presented by: Selene Finance. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 384

Lending Finance Loan Officers Legal 384

Housing Wire

APRIL 4, 2024

Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics. These include race, financing displacement (banks making loans that could result in landlords evicting low-income tenants), financing of fossil fuels and mechanisms to stop branch closures.

Modernization 318

Modernization Law Legal Landlords 318

Housing Wire

JANUARY 3, 2024

Live Well Financial , which alleges that companies including Celink improperly paid property taxes before they became due without legal justification or notice. As Magistrate Judge Shields held, Shakespeare has no factual or legal relation to this matter,” Celink attorneys said in the filing.

Legal 430

Legal Property Taxes Design Mortgage 430

Housing Wire

DECEMBER 15, 2023

It’s the latest salvo in a legal battle that started after the three of Movement’s veteran sales executives — Deran Pennington, Matt Schoolfield and Chris Shelton — left for Summit in July. 17, HousingWire reported that Movement accused Summit and its former sales executives of poaching. .”

Legal 421

Legal Loan Officers Retail Business 421

Housing Wire

JULY 21, 2023

The news was first reported by legal website Top Class Action. Cyber security issues are among the biggest challenges for real estate and housing finance companies. Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 million class action lawsuit to resolve claims surrounding a 2020 data breach.

Legal 370

Legal Technology Insurance Lending 370

Appraisal Buzz

NOVEMBER 1, 2021

The Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff. Charles Yi is joining FHFA as its senior advisor for legal affairs and policy. Charles is an accomplished and knowledgeable legal professional, and I look forward to working with him to advance.

Legal 195

Legal Finance Appraisal 195

Housing Wire

APRIL 10, 2024

This development arises amidst heightened scrutiny and legal challenges facing NAR , including a landmark antitrust settlement that, if approved, would mandate a payment of $418 million and the implementation of rule changes. million members.

Real Estate Agent 458

Real Estate Agent Real Estate Agents Brokerage 458

Housing Wire

FEBRUARY 28, 2024

The trade group’s legal woes have brought it back to California, where is already facing other commission lawsuits. The National Association of Realtors is facing yet another copycat commission lawsuit. Filed on Tuesday in U.S.

Realtors 431

Realtors Legal Agents Brokerage 431

GoForrmz

JANUARY 20, 2023

Keep finances at your fingertips with digital forms Digital forms have modernized the way accounting businesses work. This is especially important for legally binding documents, like an electronic signature form with sensitive contract information. They provide a convenient and efficient alternative to traditional paper-based forms.

Finance 78

Finance Clients Design Business 78

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?

Real Estate 384

Real Estate Legal Sellers Buyers 384

Housing Wire

JULY 14, 2022

Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . billion in originations, up about 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF). . Employees will be terminated on Friday, July 15.

Human Resources 397

Human Resources Construction Legal Investors 397

Housing Wire

JANUARY 3, 2024

While the firm has succeeded in trimming costs and reducing operating expenses , it is now finding itself in the crosshairs of multiple copycat commission lawsuits , which will lead to an increase in legal costs. For the changes to Reffkin’s compensation plan alone, Compass will pay $25,000 in legal fees, according to the SEC filing.

Legal Fees 432

Legal Fees Legal Marketing Finance 432

Housing Wire

MARCH 30, 2023

Severance will also be provided according to legal requirements. Per Inside Mortgage Finance data, the company was the 39th-largest U.S. The layoffs will happen on June 26, but an additional date of August 31 was also included in the WARN Notice. mortgage lender by volume last year. CMG was the 27th-largest.)

Retail 410

Retail Loan Officers Legal Technology 410

Housing Wire

JUNE 15, 2021

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. It also appointed Laura LaRaia as chief legal officer. LaRaia was previously the chief legal officer and general counsel at First Guaranty Mortgage Corporation.

Retail 384

Retail Mortgage Legal Lending 384

Housing Wire

NOVEMBER 10, 2022

Houlihan Lokey served as financial advisor and Pierce Atwood served as legal advisor to Mortgage Network. Troutman Pepper was Movement’s legal advisor in the M&A transaction. “We Movement is expected to announce the deal to its employees on Friday afternoon. The company did not disclose the financial terms of the deal.

Retail 370

Retail Mortgage Loan Officers Legal 370