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Judge sides with trade groups, halts new CRA rules

Housing Wire

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

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Federal agency members voice support for new CRA rulesĀ 

Housing Wire

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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Commission lawsuits spread to Manhattan

Housing Wire

District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws. Garfield & Co , Level Group, M.N.S. Sloane Square , and Sothebyā€™s International Realty Affiliates.

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Online notarizations usher in era of trusted transactions

Housing Wire

A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet.

Law 401
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7 best real estate schools in North Carolina (NC) for 2024

Housing Wire

Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework. Includes Modern Real estate Practice in North Carolina textbook, NC and National Drill & Practice QBank + Exam Prep courses, Access to Interactive Study Group.

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Solving for fraud, biometrics are the future of mortgage

Housing Wire

In response, Remote Online Notarization, something that had been technically legal on a federal level since the turn of the century and for which technology already existed, became the hot issue of the day. Fortunately, such technologies exist today. The rise of biometrics. Frankly, itā€™s a wonder it was ever adopted in the first place.

Mortgage 401
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With landmark GSE equity plans, FHFA confronts legacy of redlining

Housing Wire

So far, lenders have been slow to adopt special purpose credit programs, although they have been legal since 1976. Earlier this year, the Department of Housing and Urban Development pointedly told lenders that the programs do not violate fair lending law.