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Amid legal uncertainty, MLSs explore cooperative compensation workarounds

Housing Wire

Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough. But the policy may still present a legal issue, as it requires listing agents to make an offer compensation, even if that offer of compensation is in fact nothing ($0), law professors said.

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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

Legal 396
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CFPB details legal requirements for lenders’ use of A.I. when making credit decisions

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of legal requirements lenders must adhere to when using artificial intelligence (AI) or “other complex models” when making decisions about the creditworthiness of borrowers.

Legal 421
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Legal & Accounting with Peter Christensen

Appraisal Buzz

In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshop being held at Valuation Expo on September 8th. Peter Christensen is one of the hosts within the Business Building Workshops and we’ll be getting the inside scoop on growing and understanding the legal structure of your business.

Legal 370
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Cenlar Promotes Key Legal-Team Members

Appraisal Buzz

The post Cenlar Promotes Key Legal-Team Members appeared first on DSNews. The post Cenlar Promotes Key Legal-Team Members appeared first on Appraisal Buzz. DeAngelo and Jennifer Scoliard reflect the subservicer’s dedication to employees, clients, and homeowners, a spokesperson says.

Legal 195
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FHFA language disclosure rule stokes fears of legal blowback

Housing Wire

The post FHFA language disclosure rule stokes fears of legal blowback appeared first on HousingWire. Both the GSEs will publish guidance to formalize the change in July 2022, per Fannie Mae’s announcement. EDITOR’S NOTE: This story has been updated with a statement from the CFPB.

Legal 383
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Opinion: Two legal issues relevant to FHFA’s review of FHLB system

Housing Wire

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process.

Legal 358