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The housing industry’s disparate impact hopes

Housing Wire

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims.

Legal 395
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Trade groups express concern to FHFA over historic credit data

Housing Wire

The VantageScore dataset that is scheduled to be made available includes information going back to 2013, which is not far enough, the groups assert. FHFA was comfortable approving VantageScore 4.0 for use by the GSEs based on limited historical data,” the letter reads.

Legal 399
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Wholesale lender OCMBC fires back at HMAC’s poaching lawsuit

Housing Wire

The HMAC lawsuit alleges that Turturro, restricted from using confidential company information for his benefit, directed $800,000 to a marketing agency to develop the Jet Mortgage brand. The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage. dba In-House Lender.

Sellers 363
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Dissecting the Distressed Assets Marketplace

Appraisal Buzz

Central, was developed for those dealing with distressed assets, and will dissect the current landscape of the market. She has nearly 30 years of experience and expertise in mortgage market analysis, model development, and risk analysis in the housing finance industry.

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Classifying Mortgages and HOA Super Liens

Appraisal Buzz

Factually, a group of entities known as “Fendee” built a housing development that included a homeowner’s association. The governing documents for the association were recorded in 2013. In September 2021, Fendee recorded its lien against Gould for unpaid association assessments, fines, penalties, interest, and legal fees.

HOA 221
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New York City Housing Authority employees charged in sweeping bribery and extortion case

Housing Wire

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), the New York City Department of Investigations (DOI), the U.S. The earliest alleged conduct goes back to 2013 and continued until as recently as 2023, he added. Department of Labor OIG and others, Williams said.

Contracts 408
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Visa, Plaid terminate $5.3 billion merger agreement

Housing Wire

We believe the combination of Visa with Plaid would have delivered significant benefits, including greater innovation for developers, financial institutions and consumers. Since its founding in 2013, Plaid has collected $309.3 million in funding.

Investors 366