Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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Housing Wire

JANUARY 9, 2025

California law generally prohibits charging a price that exceeds, by more than 10%, the price a seller charged for an item before a state or local declaration of emergency, the alert stated. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline.

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Housing Wire

JUNE 20, 2024

The eligible deduction was lowered from total mortgage balances of $1 million under prior law to $750,000. The 2017 law also made interest from home equity loans non-deductible except for when the money is applied to home improvements or renovations.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). All California municipalities are mandated by state law to have a preapproval process for ADU plans by Jan.

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Housing Wire

SEPTEMBER 4, 2024

district court judge said that it had recently come to her attention that the spouse of a person related to her within the third degree of relationship is a partner at a law firm that represents a defendant in the suits. In the filing, the Chicago -based U.S. Due to this, she was recusing herself. “My

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Housing Wire

NOVEMBER 25, 2024

It bears a close resemblance to prior restrictions among competitors that courts have found to violate the antitrust laws in other proceedings and could limit — rather than enhance — competition for buyers among buyer brokers,” the DOJ wrote.

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Housing Wire

MAY 3, 2024

A bill that will permanently allow for remote reverse mortgage counseling via telephone or video conferencing services in the state of Massachusetts has been signed into law by Gov. I am thrilled that a policy I have championed since taking office is now the law in Massachusetts,” Rep. Looking ahead When reached by RMD, Rep.

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Housing Wire

JUNE 14, 2024

Last month, an independent investigation by Cleary Gottlieb Steen & Hamilton LLP , a New York-based law firm, “confirmed a workplace culture rife with pervasive sexual misconduct, discrimination and retaliation,“ according to reporting from Politico.

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Housing Wire

JANUARY 7, 2025

When consumers disputed errors on their credit reports , Experian conducted sham investigations rather than properly reviewing the disputes as required by federal law, CFPB Director Rohit Chopra said in a statement. Experian representatives did not immediately respond to HousingWire s request for comment.

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Housing Wire

MAY 20, 2024

“The offering will be made solely by means of a private placement to qualified institutional buyers,” the announcement said, and have not and are not expected to be “registered under the Securities Act or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S.

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Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims. The CFPB’s order will put the CEO’s pay at risk if Fay continues to break the law.”

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Housing Wire

JANUARY 15, 2025

Federal classification While laws across several U.S. But Elkhart Housing Authority executive director Angelia Washington said her organization is required to stand by Indianas [state] laws on marijuana, and that the agencys policy is to revoke benefits if someone admits to using illegal drugs, according to the reporting.

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Housing Wire

SEPTEMBER 11, 2024

While AI is poised to expand its influence in the mortgage and real estate industries, policymakers and regulators have warned that a lack of regulatory oversight may run afoul of existing laws on civil rights, fair competition, consumer protection and equal opportunity. In a recent comment to the U.S. In a recent comment to the U.S.

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Appraisal Buzz

OCTOBER 8, 2024

Legal League , the premier professional association of financial services law firms in the U.S. Anthony Van Ness , Founder and Managing Partner of Van Ness Law Firm, and Roy Diaz , Managing Shareholder of Diaz Anselmo & Associates PA have been reelected to the Legal League’s Advisory Council.

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Housing Wire

OCTOBER 25, 2024

Court of Appeals for the Ninth Circuit features plaintiffs who argue that they are — at least under Washington state law. They also claim that the plaintiffs have created a term to describe their agreement — an “equitable reverse mortgage loan” — which Unison attorneys say has “never been used in the annals of American law.” “The

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Housing Wire

OCTOBER 21, 2024

District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

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Housing Wire

OCTOBER 2, 2024

As part of the broader community operating within the service area of the Massachusetts Bay Transportation Authority (MBTA), the affluent Boston suburb of Milton — with a population of roughly 29,000 people — was directed to comply with a new state law requiring the construction of new multifamily housing units in areas served by public transit.

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Housing Wire

NOVEMBER 26, 2024

In its statement of interest, the DOJ claims that the “provision itself raises independent concerns under the antitrust laws,” and that the agreements have the potential to “limit how brokers compete for clients.” Despite its rebuttal against these claims, NAR does not deny that the DOJ could potentially take action against it in the future.

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Housing Wire

OCTOBER 9, 2024

But the law also “fails to define what ‘without authorization’ means,” according to the National Association of Criminal Defense Lawyers. Putting aside the inaccuracies in Move’s theory, Move’s complaint also fails as a matter of law,” Boxer wrote.

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Housing Wire

SEPTEMBER 6, 2024

So, I don’t think what the AG did is in the spirit of the law and is certainly not in line with what the Department of Insurance has done over the years.” You have to be very mindful of state law, state regulations and the mood of the regulators in those states. the Department of Insurance cannot repeal a law enacted by the D.C.

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Housing Wire

APRIL 26, 2024

This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S. The Energy Independence and Security Act of 2007, signed into law by President George W. Department of Energy (DOE) and HUD itself.

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Housing Wire

AUGUST 26, 2024

The complaint also alleges that the defendants have “consistently failed and refused to properly train, screen, conduct background checks, supervise, reprimand, direct and instruct” their senior management in “a manner at or above the standard of care in accordance” with their policies and the laws of their respective home states.

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Housing Wire

OCTOBER 8, 2024

Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of income.” In 2019, California Gov.

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Housing Wire

OCTOBER 24, 2024

It makes no exceptions for joint ventures of affiliated businesses and the AG’s office found these companies to be in violation of local law. Universal’s business plan violated core free market principles — limiting customers’ choices and putting law-abiding competitors at a disadvantage.” Section 31-5031.15

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Housing Wire

OCTOBER 17, 2024

2,500 $35,000 $1 Million If you guessed one million dollars, then kudos to you, yet the real winners when it comes to fair housing laws are those who uphold them. Surely, there is a place for correction, penalties, and restitution when laws are broken but there is more buy-in when we emphasize the “carrot cake” motivation theory.

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Housing Wire

JANUARY 6, 2025

BHE claims that this order contains significant and manifest errors of both fact and law, and that the court failed to provide a ruling on BHEs reasoning for dismissal, such as the absence of any plaintiff who is able to allege a single fact with regard to conduct by BHE.

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Housing Wire

AUGUST 5, 2024

Signed into law on July 29, the budget features support for several aging-specific programs advocated for by AARP. The law, which had been passed in 2010 and on the books since 2014, had created challenges for the state’s seniors to reach their counseling sessions. Maura Healey (D) has signed a $57.8

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Housing Wire

SEPTEMBER 20, 2024

This is a bill that Congress must pass each year, since it refers to laws that specify the annual budget for the U.S. We urge the House and Senate to pass the conference report to the NDAA and for the president to quickly sign this into law.” Department of Defense (DOD). The response was also positive from the Broker Action Coalition.

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Housing Wire

SEPTEMBER 9, 2024

.” He continued: “We’re especially interested in the costs and time taken to refinance a mortgage that are exclusively related to complying with federal mortgage law, rather than steps that may be demanded by investors for other reasons.

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Appraisal Buzz

AUGUST 7, 2024

New York Attorney General Letitia James recently enacted a new law establishing deed theft as a crime and expanding the Office of the Attorney General’s (OAG) ability to prosecute deed theft. Under previous law in New York state, deed theft itself was not a crime.

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Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. “But As of Jan.

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Housing Wire

AUGUST 22, 2024

Wood, who is overseeing the Batton suits, ruled that the “plaintiff lacks antitrust standing to pursue this claim because he is not an efficient enforcer of the antitrust laws.” “Not In their motion to dismiss, the defendants note that Judge Andrea R.

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Housing Wire

MAY 21, 2024

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law. In a case filed in January 2023 in the U.S. Nearly 30% of the $3.5

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Housing Wire

OCTOBER 3, 2024

This victory is a bold statement that EasyKnock operates in full compliance with the law and provides a valuable, lawful option for homeowners to access their equity.” According to legal documents , the couple later asserted that the sale-leaseback contract was a “disguised loan” under Texas law.

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Housing Wire

JANUARY 8, 2024

“She refused to do so and instead reported the threat to law enforcement. Kasper, that person should be prosecuted to the fullest extent under the law. Kasper felt that, in the circumstances, it was best for the organization that she step down. “No one should be the victim of threats, intimidation or harassment.

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Housing Wire

OCTOBER 18, 2024

David Gringer, a partner at the law firm Wilmer Hale , which is representing Howard Hanna in the commission lawsuits, noted that while all of these cases share similarities, they are not identical. Despite not being Realtor-affiliated, West Penn MLS had a rule similar, but not identical, to NAR’s Participation Rule.

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Appraisal Buzz

DECEMBER 6, 2024

This data underscores the financial viability of manufactured housing, which has historically faced negative perceptions and restrictive zoning laws. The analysis highlights how outdated zoning laws and negative stereotypes continue to hinder the potential of manufactured homes as an affordable option.

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