Housing Wire

JUNE 15, 2021

Understanding the market value of collateral is a key fundamental component of safe and sound lending. If signed in to law, it provides for a study of the bias issue, underwriting guidelines, the current regulatory components and funding to attract new entrants to the appraising profession. . Notably, here in Washington, D.C.,

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Appraisal Valuation Law Lending 393

Housing Wire

JUNE 3, 2022

Two years ago, the regulator of the nation’s biggest banks moved alone to rewrite the Community Reinvestment Act (CRA), the country’s premier anti-redlining law. We thought this rulemaking would be an opportunity to really mold the CRA into being an effective tool for advancing racial equity. Stakeholders have until Aug.

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Law Lending Legal Design 269

Housing Wire

FEBRUARY 29, 2024

Regulators at the Consumer Financial Protection Bureau (CFPB) have expressed growing concerns about fair lending issues associated with pricing exceptions. But it raises thorny questions about fair lending: Who gets the better rate and who does not? Fair lending concern To start, here’s how pricing exceptions work.

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Loan Officers Mortgage Lending Real Estate Agent 364

Housing Wire

DECEMBER 7, 2023

It’s now been 15 years since the Housing and Economic Recovery Act (HERA) was signed into law and the Federal Housing Finance Agency (FHFA) took over Fannie Mae and Freddie Mac. The two entities have since paid back the $191 billion bailout and almost $100 billion more in profits to taxpayers.

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Tools Development Mortgage Law 519

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower.

Mortgage 426

Mortgage Renovations Appraisal Process Finance 426

Housing Wire

JANUARY 29, 2021

The new acting director of the Consumer Financial Protection Bureau , Dave Uejio, told staff in an email on Thursday that the bureau will direct its attention to mortgage servicers, promising “aggressive action” to ensure companies follow the law.

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Mortgage Law Property Taxes Lending 465

Housing Wire

JUNE 28, 2023

“Requiring the SCIF can inform a lender or mortgage servicer ’s provision of services in languages other than English and in accordance with a borrower’s understanding of the homebuying and mortgage lending processes,” the FHA said in an announcement.

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Finance Law Mortgage Insurance 307

Housing Wire

NOVEMBER 30, 2023

Post-license CE $209 20-Hour Post-Licensing Course: Covers Current Laws, Steps to Business Success & Fiduciary Duties. Features Lessons by Topics Outlined in Candidate Handbook, Real-time Dashboards, Dynamic Practice Exams & Review of Results.

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Real Estate Real Estate Agent Law Inspection 369

Housing Wire

NOVEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The HMDA data is a crucial tool for the CFPB in constructing redlining cases.

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Lending Modernization Tools Mortgage 299

Housing Wire

JULY 20, 2022

How to minimize tenant turnover using online property management tools. Consequently, the study found that the actual ADU’s being built come from people with the means to either pay all cash in constructing the secondary homes or absorb the lending terms. and Salt Lake City have each passed laws in the past two years legalizing ADUs.

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Finance Legal Landlords Construction 368

Housing Wire

OCTOBER 19, 2023

And then there are some areas that are specific to our products in the non-QM lending space where there may not be anything in the market that is pre-built or off the shelf and the only opportunity to actually bring some of our lending products to market or execute on our on our strategies is to build something custom.

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Technology Tools Investing Lending 327

Housing Wire

JULY 27, 2022

Two House Appropriations bills recently advanced by House negotiators have included language surrounding Business Email Compromise (BEC) in an effort to promote collaboration between federal and law enforcement agencies and private sector partners in monitoring and reporting for cyber-based crime events.

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Contracts Marketing Law Agents 272

Housing Wire

NOVEMBER 22, 2021

In a statement on his nomination, Powell said the Fed would use its tools to “prevent higher inflation from becoming entrenched.”. The statute, which President Jimmy Carter signed into law in 1977, was envisioned to address redlining, which had lingered despite the passage of the Fair Housing Act in 1968.

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Modernization Law Tools Inspection 350

Housing Wire

FEBRUARY 10, 2022

Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. The 26-state investigation, which the California Department of Financial Protection and Innovation led, picked up on the discrepancies using a digital tool to check fulfillment of NMLS requirements.

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Loan Officers Law Training Lending 344

Housing Wire

AUGUST 22, 2023

But the trade groups are worried about the impact of quality control standards on the GSEs’ alternative valuation methods, such as desktop appraisal , since these tools are essential in times of high demand.

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Valuation Appraisal Government Real Estate 356

Housing Wire

APRIL 27, 2022

Between their expertise and access to tools, they’re the right people for the job and will come out on top on the other side of the purchase market.”. Unlike banks, brokers can work with many different lenders to provide a variety of personalized lending options. They’re a part of their local communities.

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Marketing Tools Development Training 367

Housing Wire

JUNE 14, 2022

Using automated tools to establish home values helps remove human bias, although it limits the collection and evaluation of a property’s current condition,” wrote Freddie Mac. Both GSEs argue that these approaches advance equity. Appraisers have, in the past, fretted over liability and data reliability. Fair housing, are you kidding me?”.

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Appraisal Valuation Inspection Law 293

Housing Wire

APRIL 27, 2021

Some may argue whether today’s technology is that much better than the tools we used in the past, particularly in the servicing business where many still use platforms designed and first built decades ago. Likewise, others will argue over whether today’s tools are cheaper, given the high cost of loan origination.

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Mortgage Technology Tools Modernization 385

Housing Wire

SEPTEMBER 22, 2020

Do you mandate training (regular, continuous and updated) on the basics like Dodd-Frank, Fair Lending and the most aggressive state-level rules and regulations? Do you have qualified trainers who are constantly abreast of changes in the law? It just matters that your team is given the tools it needs to stay compliant.

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Training Lending Loan Officers Technology 323

Housing Wire

MARCH 7, 2022

It’s a great marketing tool for the right type of listing. In a forthcoming paper for Florida Law Review, law professors Juliet Moringiello at Widener University Commonwealth and Christopher Odinet at the University of Iowa studied NFTs potential in real estate. It also gives real estate agents ideas.

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Real Estate Law Inspection Agents 457

Housing Wire

MAY 10, 2021

If you needed a doctor or a lawyer, you’d expect those professionals to be knowledgeable about the latest developments in treatment options or how changes in the law might affect your case. Automatic status tracking, secure document sharing and task management tools allow for a seamless and guided closing experience from beginning to end.

Real Estate Agent 396

Real Estate Agent Real Estate Agents Marketing 396

Housing Wire

SEPTEMBER 8, 2022

OSC has] deployed enhanced security monitoring tools across their network and notified the Federal Bureau of Investigation (FBI) of this incident,” KeyBank’s letter to its customers affected by the data breach continues. “We This incident does not affect any Key systems or operations.

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Insurance Mortgage Clients Inspection 332

Housing Wire

MAY 6, 2024

That question would be answered succinctly when the Dodd Frank Act retooled the entire consumer regulatory structure, redrafting lending and closing documents, stiffening enforcement of laws long on the books and creating new ones, and sending participants in the real estate process into a panic trying to figure out to make it all work.

Real Estate Agent 296

Real Estate Agent Real Estate Project Management Agents 296

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

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Appraisal Tenants Investors Business 148

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Mortgage Technology Investing Investors 435

Clear Capital

FEBRUARY 13, 2023

But before you choose an AVM for your HELOC lending, it’s important to ask your AVM provider the right questions to ensure you’re getting the most out of this powerful technology. Lenders should look for a highly-accurate, lending-grade AVM that combines quality data, valuation expertise, and machine learning.

Valuation 69

Valuation Lending Inspection Real Estate Agent 69

Housing Wire

AUGUST 11, 2020

The most abhorrent racist practices, such as redlining, are officially prohibited, yet bias creeps into mortgage lending in myriad ways. One tool I used for a time to level this playing field was seller-funded down payment assistance. This makes it more important than ever to consider how the U.S. It’s a serious challenge.

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Government Sellers Development Mortgage 408

Clear Capital

JULY 26, 2022

Automated valuation models (AVMs) are a cost-and-time-efficient solution for valuing lower-risk properties in home equity lending, portfolio valuation, pre-valuation decisions, and more. Simply put, you want to know if you’re working with a marketing-grade or lending-grade AVM.

Valuation 69

Valuation Lending Tools Real Estate 69

Housing Wire

APRIL 8, 2024

About 533,000 units of Section 515 rental housing have been created nationwide since the program was launched in 1963, according to Natalie Maxwell , managing attorney at the National Housing Law Project (NHLP). The legislation would provide several tools to help stem the loss of Section 515 affordable-housing in rural America.

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Tenants Finance Construction Government 469

Housing Wire

APRIL 7, 2021

“They have a responsibility to protect consumers’ interest, but to now come in and intervene in areas of mortgage lending that have already been pre-litigated with rule-making created under a similar democratic regime creates a lot of confusion and distrust, which is the last thing we need right now.”

Investors 356

Investors Legal Contracts Government 356

McKissock

MARCH 24, 2022

These recommendations include: Clarify the application of the Fair Housing Act and ECOA to the appraisal industry to ensure appraisers have clear guidance on antidiscrimination obligations under current federal laws.

Valuation 91

Valuation Property Appraisal Training Appraisal 91

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. What tools and services investors should use if they want to get into owner financing. Where can you find good sources of lending.

Finance 36

Finance Investing Real Estate Lending 36

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

McKissock

SEPTEMBER 21, 2021

Here are five excellent resources offered by McKissock Learning with tips and tools to help you protect your appraisal practice — including a Pro-Series webinar coming up on Wednesday, October 13, 2021. Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected.

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Appraisal Legal Government Valuation 80

Clear Capital

JUNE 21, 2022

AVMs should be used in the lending process to prevent appraisal bias. In the meantime, with current compliance and continuous oversight, our automated valuation model, ClearAVM , remains steadfast as a critical tool for property valuations. How ClearAVM supports Fair Lending Laws. Valuation Equity.

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Valuation Technology Lending Real Estate 69

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 278

Renovations Investing Real Estate Marketing 278

The Robert Weiler Company

SEPTEMBER 30, 2020

Two of the best examples occur when there is lending involved or litigation pursued. If you are not satisfied with the original commercial property appraisal, the review process offers the opportunity to fix parts of the report that did not meet your standards or the standards of the financial lending institution you represent.

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Real Estate Appraisal Property Appraisal Valuation 137