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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. Short-term advances are not so restricted.

Legal 370
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Court grants CoStar’s motion for discovery in legal battle with Move

Housing Wire

Things are ramping up in the legal battle between Move Inc. The suit is the latest development in what has become a long-running feud between Homes.com and Realtor.com. district court in Los Angeles has granted CoStar’s ex parte motion for expedited discovery in regard to Move’s motion for a preliminary injunction.

Legal 400
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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. The argument for the higher threshold for claims arose following a 2015 Supreme Court decision which upheld the disparate impact regulation.

Legal 418
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Zillow to list housing discrimination protections

Housing Wire

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. The Department of Housing and Urban Development attempted to crack down on landlord discrimination back in 2018. .”

Landlords 488
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loanDepot adds Andrews, Wilkish to its sales leadership ranks

Housing Wire

Andrews also previously worked in business development, sales and marketing roles at Hometown Lenders , Finance of America , Veristone Capital , Yarrow Bay Mortgage and Merit Financial. In his new position with loanDepot, he will be responsible for driving market share growth in Seattle and the surrounding areas. “In

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Homebot home education portal acquires mobile app firm Quo Finance 

Housing Wire

million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Homebot was co-founded by Ernie Graham and Ira McMahon in 2015 with a vision to help people make smart financial decisions with their homes. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo.

Finance 397
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MBA hires Astrid Vermeer as chief financial officer

Housing Wire

I am driven to develop organizational cultures focused on customer service, competences, and skills. She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I