Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.”

Law 421

Law Legal Valuation Government 421

Housing Wire

JULY 28, 2023

million settlement with Sprout Mortgage for unpaid wages goes through. million on mortgage purchase agreements. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Mortgage 333

Mortgage Insurance Business Lending 333

Housing Wire

DECEMBER 14, 2020

Homebuyer , an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $1.4 An ex-software engineer, Green is also a former loan officer and founder of The Mortgage Reports, a mortgage education website that was eventually acquired by Full Beaker. mortgage market.

Loan Officers 342

Loan Officers Investors Legal Buyers 342

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly.

Law 441

Law Legal Technology Real Estate 441

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors. Presented by: WFG.

Insurance 245

Insurance Government Advertising Legal 245

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI.

Tools 386

Tools Technology Real Estate Agent Legal 386

Housing Wire

JULY 12, 2022

Beginning July 17, Freddie Mac will accept some mortgages with hybrid appraisals — but the list of caveats is lengthy. Mortgages for manufactured homes, investment properties, duplexes and fourplexes are not eligible. A certification lightens the legal liability of bias. Presented by: Reggora. Sharp edges.

Appraisal 410

Appraisal Inspection Real Estate Agent Training 410

Housing Wire

FEBRUARY 9, 2021

Presented by: Motto Mortgage. All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water. Know your customer in order to deliver real value.

Real Estate 473

Real Estate Agents Technology Sellers 473

Housing Wire

JUNE 11, 2021

During closing, buyers sign several legal documents and pay additional fees, some of which are recurring costs like property tax. Others are one-time closing costs expenses, which may include: loan origination fees, application fee, mortgage broker fee, title insurance, appraisal fees, title search fee and other miscellaneous payments.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

Eppraisal

OCTOBER 23, 2023

Your offer will only become legally binding if the seller signs it. Secure a Mortgage Present your home purchase agreement with your chosen lender and submit the other requirements for review. The mortgage lender has three business days to give you a good-faith estimate or reject your application.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

D Fritz Appraisals

OCTOBER 11, 2022

They are also used to assess the value of the home for home improvement loans and insurance evaluations. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Mortgage financing and refinancing. Valuation for insurance claims.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

McKissock

SEPTEMBER 20, 2021

In its Standard of Practice 1-2, “client” means persons or entities with which the Realtor® has an “agency or legally recognized non-agency relationship.” Article 13 prevents a Realtor® from practicing law or recommending a lawyer to any party requiring legal counsel. See NAR’s thirty-one Case Interpretations of Article 1.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

AmeriMac

MAY 15, 2024

We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

Appraisal 36

Appraisal Market Value Mortgage Appraisal Appraisal Process 36

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. In many cases, professional appraisers are hired to handle property assessment appeal work.

Appraisal 74

Appraisal Training Lending Land Management 74

Housing Wire

AUGUST 4, 2021

In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. Presented by: Xome. The funds can be used for mortgage payment assistance or mortgage principal or interest rate reductions.

Property Taxes 421

Property Taxes Government Legal Development 421

Housing Wire

FEBRUARY 14, 2022

And so, because of that, we had to make our agents independent contractors and terminate their pension plan and health insurance.”. I did a nine to five job – inventory analysis – in my mid-to-late 20’s,” said Goldberg, presently a Redfin agent in Charlotte. “It It was as boring as it sounds like.

Business 370

Business Brokerage Real Estate Agent Agents 370

Boston Appraisal

JANUARY 12, 2024

They also face legal, regulatory, tax, insurance, and maintenance issues that may affect their value and profitability. Appraisers analyze the legal, physical, and economic factors that affect the highest and best use of the property, and then compare the value of the property under different scenarios.

Real Estate 60

Real Estate Appraisal Legal Insurance 60

Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. Consequently, both the appraiser and home inspector ended up on the receiving end of a “wrongful death” legal claim.

Appraisal 52

Appraisal Inspection Easement Contracts 52

D Fritz Appraisals

JUNE 15, 2021

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Victoria is now one of the few cities that has been given enhanced eligibility criteria to help you qualify for a lower monthly mortgage payment. First-time homebuyers, we have great news!

Insurance 141

Insurance Legal Fees Buyers Appraisal 141

Realvals

JUNE 18, 2023

One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. Mortgage lenders require an appraisal as part of the loan application process. Unless you are paying all cash, it will be difficult to get a mortgage and finalize your home purchase without an appraisal.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

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. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic.

Appraisal 28

Appraisal Inspection Valuation Lending 28

PennyMac

DECEMBER 22, 2020

The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. The lender initiates legal proceedings against the borrower to foreclose on the property. Foreclosure. Step 10: Closing.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Hank Miller Team

FEBRUARY 7, 2023

Are the sale proceeds needed for the next home Is it legal and permitted in the community Is it permitted by the mortgage and insurance company Is there an understanding of what being a landlord entails? Accurately priced and presented homes around Atlanta sell, if the agent misrepresents the home expect it to sit.

Landlords 40

Landlords Sellers Legal Real Estate Agent 40

Will Springer Realtor

FEBRUARY 6, 2024

Redlining, which denied loans or insurance to certain neighborhoods based on racial composition, cast a long shadow for decades over Black communities and the residents chasing homeownership. Bias is still present but in more subtle forms. Seeking a mortgage as a person of color continued to be daunting.

Real Estate 54

Real Estate Development Legal Valuation 54

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 384

Insurance Construction Government Lending 384

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. What To Do As A Homeowner?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

APRIL 10, 2024

However, this poses its own risks, as listing agents are legally obligated to prioritize their contractual relationship with the seller. A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.)

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. Photo provided by Calvin Bradford.

Lending 369

Lending Government Law Mortgage 369

Housing Wire

DECEMBER 7, 2020

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. Presented by: Quicken Loans Mortgage Solutions. While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well.

Law 491

Law Government Finance Mortgage 491

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. Presented by: VRM Mortgage Services. 28, 2022.

Insurance 545

Insurance Legal Finance Inspection 545

Housing Wire

JANUARY 7, 2021

A taskforce established by the Consumer Financial Protection Bureau to examine the existing legal and regulatory environment facing consumers and financial services providers released its recommendations this week – a move that prompted conflicting reactions from the housing industry and consumer groups. Presented by: SoftWorks AI.

Law 362

Law Modernization Legal Technology 362

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. She had also served as vice president of research and economics at the Mortgage Bankers Association. Presented by: Snapdocs.

Legal 349

Legal Finance Law Government 349

Housing Wire

APRIL 23, 2024

“I think you are going to see a lot more dual agency and a lot more unrepresented buyers, especially during this flex time where buyer’s agents are kind of figuring out how they are going to discuss and present the structure of what this new relationship with a buyer looks like,“ said Pete Voss, the founder and owner of 3% Listing Co. ,

Brokerage 343

Brokerage Sellers Buyers Agents 343

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Insurance 365

Insurance Modernization Lending Mortgage 365