Housing Wire

JANUARY 29, 2024

District Court in Los Angeles decided to place the suit in “inactive status” due to the settlement agreements reached with Bright MLS , California Regional MLS and Midwest Real Estate Data last Wednesday. According to the order, if a motion was not filed before the deadline, the suit would be dismissed on Feb. Holcomb of U.S.

Legal 380

Legal Real Estate Agents Realtors 380

Housing Wire

SEPTEMBER 22, 2023

With an average turnaround time for both interior and exterior BPOs of five business days from order placement, users have the option of placing high-volume bulk orders to single order reports. The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker.

Real Estate Agent 383

Real Estate Agent Inspection Real Estate Valuation 383

Housing Wire

AUGUST 25, 2022

Through the API, companies using the platform can automatically place and track title orders, as well as access comprehensive order, accounting, and contact data on their files in order to build custom notifications and executive-level performance dashboards.

Real Estate 365

Real Estate Clients Technology Business 365

Housing Wire

FEBRUARY 20, 2024

The impact of the pandemic and an unprecedented refinance boom followed in short order by the highest interest rates seen in decades cannot be overstated. The LO as an “order taker” vs. a financial advisor Unlike top producers in many other industries, mortgage LOs were not completely sidelined by the pandemic.

Loan Officers 375

Loan Officers Technology Lending Tools 375

Housing Wire

FEBRUARY 12, 2024

The complaint argues that NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor affiliated MLS, is the “cornerstone of [the] defendants’ conspiracy.” “If Yet another copycat commission lawsuit has hit the court dockets.

Real Estate 422

Real Estate Real Estate Agent Realtors Buyers 422

Housing Wire

JANUARY 18, 2024

In the complaint, the plaintiffs take aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyers brokers in order to list a property on a NAR-affiliated MLS. It was filed on Wednesday in U.S. District Court in Los Angeles. 17, 2020, and the present.

Realtors 507

Realtors Brokerage Realty Real Estate 507

Housing Wire

JANUARY 8, 2024

No other amount or claim shall be allowed or payable to Celink as an administrative expense or allowed unsecured claim in these cases solely with respect to the [relevant claim],” the order said. “No Presiding Judge Mary Walrath approved the stipulation in an official order on Jan. of the originally sought amount.

Law 345

Law Property Taxes Legal Mortgage 345

Housing Wire

AUGUST 23, 2023

According to an unsigned order on Monday (as reported by Bloomberg Law), the high court declined a motion that would have allowed for the attorneys general to challenge the Bureau’s funding mechanism on grounds that it violates the Constitution’s separation of powers in the Consumer Financial Protection Bureau v.

Law 256

Law Marketing 256

Housing Wire

NOVEMBER 8, 2023

As a Fannie Mae partner, SingleSource can utilize a larger pool of trained data collectors, so that property inspections can now take place in a matter of days, not weeks.” In October , Xactus ’s valuation solution, Appraisal Firewall X, also met federal requirements to fulfill Fannie Mae property data collection orders.

Valuation 310

Valuation Inspection Modernization Training 310

Housing Wire

AUGUST 30, 2023

Better failed to pay for two “insertion orders” – agreements where Meredith would place ads on its digital platforms in exchange for the mortgage lender’s fee – from the summer to the winter of 2022, according to a filing in the U.S. Digital mortgage lender Better Home & Finance faces a $1.86

Advertising 379

Advertising Finance Contracts Mortgage 379

Housing Wire

MAY 26, 2023

The consent order stemming from the settlement also details instances where DFS identified lapses in application security, cybersecurity personnel and intelligence training as well as specific cybersecurity events that took place between 2017 and 2020.

Development 340

Development Training Lending Finance 340

Housing Wire

JULY 28, 2023

Compared to a year ago, Stewart recorded a 29% yearly decline in the total number of closer title orders in the quarter to 60,246, with commercial orders dropping 30% to 3,585, purchase orders dropping 22.2% to 43,082, and refinance orders falling 53%. to 43,082, and refinance orders falling 53%.

Tools 303

Tools Inventory Marketing Real Estate 303

Housing Wire

DECEMBER 12, 2023

CMLS’s new board members and executives join the trade group’s leadership during a challenging time for the industry , which is currently facing multiple lawsuits regarding real estate agent commissions and the policies in place governing what a listing agent must do in order to list a property on an MLS.

Real Estate Agent 365

Real Estate Agent Real Estate Agents Government 365

Appraisal Buzz

APRIL 1, 2024

As a part of my practice, I am engaged to represent and defend appraisers who face state license board complaints or fair housing discrimination claims before state agencies and/or HUD. More frequently, I am asked to comment on the claims generally. To be sure, there is no silver bullet for which words to use to prevent a claim.

Appraisal 370

Appraisal Development Modernization Marketing 370

Housing Wire

JANUARY 21, 2022

The Office of the Comptroller of the Currency (OCC) issued a consent order against Michigan-based Flagstar Bank that levies a $3.62 The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations.

Insurance 328

Insurance Training Finance Mortgage 328

Housing Wire

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . For most of 2022, UWM had an aggressive pricing strategy in place to gain market share and attract loan officers from the retail to the wholesale channel.

Loan Officers 445

Loan Officers Retail Real Estate Agent Government 445

Housing Wire

APRIL 22, 2024

For the past month, much of the focus has been placed on the potential negative changes the agreement may cause, including more buyers being unrepresented, an uptick in dual licensing and potential hardships for low-income buyers, including those that utilize Federal Housing Administration (FHA) and U.S. “In

Brokerage 341

Brokerage Agents Real Estate Buyers 341

Housing Wire

AUGUST 10, 2020

In a release on Monday, the National Housing Conference’s President and CEO David Dworkin said President Trump’s recent executive order on evictions is not enough to forestall an eviction crisis. The executive order also provides no new resources to assist renters. “The

Landlords 427

Landlords Tenants Realtors Government 427

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Housing Market 331

Housing Market Marketing Construction Insurance 331

Housing Wire

SEPTEMBER 6, 2023

The Sitzer/Burnett lawsuit is scheduled to head to trial on October 16, 2023, while a trial date for the Moehrl lawsuit has yet to be set, but it is expected to take place in early 2024. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5

Agents 416

Agents Buyers Realtors Sellers 416

Housing Wire

JANUARY 18, 2023

There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values. Then make sure you are building processes that are robust and efficient at routing orders down the correct path. HousingWire: What steps can housing professionals take to ensure a faster appraisal?

Appraisal 363

Appraisal Reconsideration of Value Appraisal Process Technology 363

Housing Wire

NOVEMBER 3, 2023

Although some have estimated the trade group’s membership numbers could drop by nearly 1 million members, many don’t believe that will happen because some MLSs require NAR membership in order to access their platforms. Certainly there are a lot of places in the U.S. Certainly there are a lot of places in the U.S.

Realtors 415

Realtors Agents Brokerage Contracts 415

Housing Wire

MARCH 16, 2023

The new product offering has data access through an enhanced API for integration with internal systems a title company may already have in place, such as CRMs, analytics and accounting tools, built in anti-fraud tools, privacy and permission controls for multi-branch or multi-agency operations, and order opening automations.

Real Estate Agent 313

Real Estate Agent Tools Modernization Real Estate 313

Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. Congress needs to create an explicit guarantee of mortgage-backed securities (MBS) and other debt needed to fund their operations, in place of the current indirect backstop.

Tools 531

Tools Development Mortgage Law 531

Housing Wire

MAY 21, 2021

The new integration will enable customers to place online orders for SearchCONNECT’s title search and policy-typing solutions without leaving the RamQuest website, said Laura Mowrer, RamQuest senior vice president of product operations and business integration. “The

Real Estate 258

Real Estate Tools Investors Insurance 258

Housing Wire

MAY 23, 2023

The lawsuit , first brought in 2015, takes issue with a policy that has been in place within New York City since 1988 and reserves 50% of the units in most subsidized affordable housing developments for residents of the local community district.

Development 319

Development Law Legal 319

Housing Wire

AUGUST 6, 2020

The Oakland County Health Division in Michigan sent an emergency order to Mat Ishbia, CEO of United Wholesale Mortgage and United Shore Financial Services , saying employees weren’t wearing masks at work, contributing to the spread of the coronavirus. Ensure employees are wearing facial coverings.

Development 372

Development Business Mortgage 372

Housing Wire

MARCH 29, 2023

It’s painful, but this industry especially has long used a business model in which expenses rise and fall with order volume. On the other hand, when (not if, but when) the market does improve, those same businesses quickly find themselves understaffed as all hands scramble to manage the influx of precious order volume.

Training 309

Training Business Technology Insurance 309

Housing Wire

FEBRUARY 11, 2021

“Suddenly, the supply chain was seriously impacted by the social-distancing restrictions put in place for health and safety reasons, especially in Canada,” said Kosman, the publisher of trade Madison’s Lumber Reporter in Vancouver. With paltry supply, customers had no choice but to pay through the nose for materials. Already a member?

Supply Chain 545

Supply Chain Construction Clients Buyers 545

Housing Wire

OCTOBER 31, 2023

As a borrower today, I may have to interact with my Realtor in one place and my lender in another. There is also the transition when you close your loan and go to yet another place to engage with your servicer. SM: It all comes back to being able to get everything at your fingertips in a single place.

Technology 383

Technology Tools Loan Officers Development 383

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). With NAR’s latest announcement other MLS’ may choose to follow suit.

Brokerage 497

Brokerage Agents Buyers Clients 497

Housing Wire

APRIL 12, 2021

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). Servicers must have the flexibilities in place to keep up with the latest changes to remain compliant and efficient while still providing an optimal borrower experience. billion for fiscal year 2022. Vermont Sen.

Investing 529

Investing Construction Modernization Insurance 529

Housing Wire

SEPTEMBER 5, 2023

The two lawsuits take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a realtor-affiliated multiple listing service (MLS). A trial date has yet to be set for the Moehrl lawsuit. “We

Real Estate 417

Real Estate Buyers Legal Realtors 417

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In The lawsuit was filed on Monday by plaintiffs QJ Team, LLC. , 13, 2019, to the present.

Real Estate 406

Real Estate Realtors Realty Buyers 406

Housing Wire

JANUARY 23, 2024

Ginnie Mae and TCB will also be given the chance to use alternative dispute resolution, including mediation, which must take place by April 25, 2025. Mediation will need to be conducted by counsel between both parties and must include at least one person who has final settlement authority on each side.

Government 367

Government Development Mortgage Legal 367

Housing Wire

JULY 31, 2022

CXChoice is an integrated SaaS technology and production platform used to assign notaries to each order, based upon criteria set by the client. Its integrations with transaction management platforms, as well as integrations and partnerships with eClosing platforms, make it easy for clients to seamlessly order and provide eClosing options.

Training 314

Training Clients Tools Technology 314

Housing Wire

SEPTEMBER 20, 2023

Initially filed in April 2019, the two lawsuits take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS). Bough, a U.S.

Buyers 392

Buyers Law Realtors Agents 392