Housing Wire

NOVEMBER 9, 2023

He said that his clients and the DOJ share the same goals of making real estate part of the “free market” and stopping NAR from “rigging the system,” and that he believes this is a “real opportunity for change.” In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency.

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Legal Real Estate Real Estate Agent Law 431

Housing Wire

SEPTEMBER 13, 2023

Digital closings could be coming to California , the country’s largest real estate market, within the decade. Gavin Newsom of California on Tuesday received a senate bill legalizing remote online notarizations ( RON ). Maura Healey signed legislation legalizing remote online notarizations ( RON ) last March.

Real Estate 397

Real Estate Legal Government Technology 397

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 466

Technology Lending Government Legal 466

Housing Wire

SEPTEMBER 15, 2022

loanDepot continues to make changes to its top management as it navigates a sharp workforce reduction in a shrinking mortgage market. He will oversee all aspects of loanDepot’s legal strategy and operations, including enterprise, shareholder and corporate governance matters.

Legal 384

Legal Government Technology Mortgage 384

Housing Wire

SEPTEMBER 1, 2023

Thousands of New York City Airbnb listings are vanishing from the market as the city introduces some of the strictest regulations in the U.S. Airbnb estimates that 5,300 existing reservations would be affected during the first week of enforcement, according to an August legal filing. for short-term rentals. Starting on Sept.

Legal 397

Legal Law Government Marketing 397

Housing Wire

MARCH 9, 2023

The merger would give ICE and Black Knight a significant position in the market for loan origination software, which it could use to push customers to its other mortgage services and products instead of rivals’ offerings, the agency argued. The FTC will intervene when illegal mergers risk harming competition in such critical markets.”

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Legal Valuation Mortgage Technology 370

Housing Wire

SEPTEMBER 2, 2022

The Impact Shares Affordable Housing MBS ETF, also known as OWNS, is an exchange-traded fund with the ambitious mission of seeking to tap the capital markets to address long-standing affordable-housing and racial-wealth gap issues in U.S. million shares outstanding at a market price of $17.80

Marketing 458

Marketing Investing Investors Development 458

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.

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Housing Wire

DECEMBER 16, 2022

Unlike other insurance products where most of the upfront cost is marketing, the upfront expense for title insurance is related to conducting a search of public records to underwrite ownership and lien risks. Government-operated title insurance approaches are not less expensive. Consumers can shop around and should compare policies.

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Insurance Government Legal Fees Real Estate 473

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

AUGUST 22, 2023

The proposed rule will implement quality control standards that govern AVMs used by originators and secondary market issuers in valuing the real estate collateral securing mortgage loans. The National Association of Mortgage Brokers (NAMB) said it supports new federal regulatory proposals governing the use of AVMs.

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Valuation Appraisal Government Real Estate 370

Housing Wire

FEBRUARY 1, 2023

It also has one interest rate with an automatic modification if the market improves once construction is complete, along with one down payment, one full credit report to order and one approval, according to the firm. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Real Estate Agent Loan Officers Legal 397

Housing Wire

JULY 14, 2022

“The problem is we’re not backed by the government sponsored enterprises (GSEs). Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . Of the 39 employees laid off, 12 cuts hit the human resources team.

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Human Resources Construction Legal Investors 397

Housing Wire

JUNE 7, 2021

He was also a legal team member at Centex Corporation , a homebuilding company, and was general counsel for Centex Title & Insurance. Howeth] brings his deep legal background in the title insurance industry to AmTrust, as well as his excellent knowledge of the Texas market where we are expanding our business,” Gordon said.

Insurance 370

Insurance Legal Retail Government 370

Housing Wire

JANUARY 8, 2024

In addition to removing a major player from the industry, the bankruptcy also ultimately forced Ginnie Mae to assume control over its extensive portfolio of Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), straining the government-owned corporation’s resources as well as reverse mortgage industry liquidity in the secondary market.

Law 430

Law Property Taxes Legal Mortgage 430

Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Between the launch of FHA in 1934 and when President Lyndon B. GDP, roughly $3 trillion.

Legal 384

Legal Housing Market Government Buyers 384

Housing Wire

DECEMBER 18, 2023

Matthew Marx is the CEO and co-founder of digital marketing agency Evocalize , and has written on the topic of the new rules on social media as well as speaking about the changes on podcasts including HousingWire Daily. The potential marketing impacts The new rule is not likely to dismantle lead aggregators or their businesses, Marx said.

Mortgage 432

Mortgage Business Legal Real Estate 432

Housing Wire

SEPTEMBER 21, 2020

Here is what we learned: For those who endured the 2007 crisis, market stability was the most immediate concern…and still continues to be. Soaring demand for refinances almost overwhelmed the mortgage and title industries, and the purchase real estate market was disrupted by government restrictions without adequate instructions.

Real Estate 432

Real Estate Legal Government Mortgage 432

Housing Wire

JUNE 14, 2023

Well certainly, in as much as the Fifth Circuit’s ruling is sustained, it would create major uncertainty in our mortgage markets,” Chopra said. “It In his opening statement, Brown also described recent actions challenging the CFPB’s constitutionality as legal maneuvers seeking to invalidate the CFPB.

Legal 370

Legal Law Government Realtors 370

Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. Regulations should encourage, not discourage, new program pilots to reach underserved markets, the groups argued.

Legal 522

Legal Law Government Lending 522

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 545

Housing Wire

DECEMBER 9, 2020

Mnuchin , have raised a $124 billion claim against the federal government, essentially arguing that the FHFA, which was created in the wake of the 2008 housing crash, acted illegally when it took several actions to prevent Fannie and Freddie from collapsing. home loans. .”

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Housing Wire

APRIL 4, 2024

Jessica Morton, senior counsel at the Democracy Forward Foundation , explained during a session on CRA rules that the lawsuit — filed under the Administrative Procedures Act (APA), which governs how agencies can use the authority delegated from the Congress to write rules — challenges the concept of community.

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Modernization Law Legal Landlords 315

Housing Wire

JANUARY 27, 2023

The federal government and numerous federal agencies will take action on these and other issues outlined in the blueprint. The administration said it will also launch the “resident-centered housing challenge,” which leans on housing providers and state, local and tribal governments to expand access to housing through stronger policies.

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Tenants Landlords Finance Government 410

Housing Wire

MARCH 20, 2024

Buyer representation becomes mainstream The dramatic volume of lawsuits filed by aggrieved buyers highlighted the urgent need for change—a need our government in all of its infinite wisdom (sarcasm intended) failed to address at the time. The unintended consequences of eliminating buyer agency 1.

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Real Estate Buyers Agents Sellers 479

Housing Wire

FEBRUARY 27, 2023

government. Even after the 2015 law enforcement order, RMK continued to lie to military families by falsely implying government endorsement of its home loans,” CFPB Director Rohit Chopra said in a statement. The CFPB ordered RMF at that time to end its illegal and deceptive practices and pay a civil penalty of $250,000.

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Lending Advertising Mortgage Law 384

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. We also commend the whistleblower for coming forward, exposing these wrongs, and working with the government investigative team.”.

Mortgage 491

Mortgage Government Retail Lending 491

Housing Wire

AUGUST 2, 2021

And while the housing market continued to surge amid these changes, some people were still hesitant to do business in a digital landscape and unsure how to navigate the litany of rules related to compliance and processes. Each video session is recorded and retained along with an audit trail of the transaction. The time for RON is now”.

Legal 384

Legal Real Estate Technology Modernization 384

Appraisal Buzz

APRIL 29, 2024

Prior to the 2008 dust-up, this strategy had helped us become a dominant player in our market. What could we do to fortify our business to withstand another market shock in the future? That option evaporated overnight, as many of our clients abandoned those relationships and started using AMCs to distribute their appraisal orders.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

OCTOBER 2, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. There are a few lessons to remember here: Nonbanks did not create the unsustainable mortgage market. The nonbank servicing model grew at the behest of the federal government and the GSEs and more.

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Government Investors Lending Mortgage 525

Housing Wire

MARCH 28, 2024

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards.

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Real Estate Agent Sellers Buyers Agents 450

Housing Wire

DECEMBER 21, 2020

The trade organization announced Elizabeth Blosser as its new vice president of government affairs. This year, he has also been driving ALTA’s internal legal efforts regarding the SECURE Notarization Act while overseeing the Title Insurance Political Action Committee and its regulatory efforts. Presented by: WFG.

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Insurance Government Advertising Legal 312

Housing Wire

DECEMBER 7, 2021

In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act. We must implement race sensitive policies and programs that directly address the racial wealth gap and are explicitly designed to bring opportunities to those the government and private players explicitly excluded,” Rice wrote.

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Lending Law Design Government 441

Housing Wire

DECEMBER 20, 2023

When it’s an outside lead, “the LOs generated the lead themselves; they are spending time marketing to new borrowers, so they get paid more.” It’s the ultimate in legalized fraud. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender.

Loan Officers 458

Loan Officers Clients Law Legal 458

Housing Wire

JUNE 10, 2021

In a June 9 note , the government-sponsored entity told mortgage servicers they could implement the changes immediately. Servicers must also obtain legal authorization to use a third-party vendor, and must retain all verification reports in the loan file. Unsurprisingly, mortgage tech firms are thrilled.

Tools 491

Tools Legal Mortgage Government 491

Housing Wire

FEBRUARY 22, 2024

Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ wrote in the filing. “If

Sellers 421

Sellers Buyers Real Estate Agents 421

Housing Wire

DECEMBER 11, 2020

Filkey most recently served as executive vice president of Credit and Strategic Initiatives at PCMA Private Client Lending , and in his new role, he is charged with identifying opportunities within the non-government guaranteed space and establishing securitization and proprietary execution strategies.

Lending 397

Lending Legal Clients Development 397