Housing Wire

APRIL 6, 2021

eNotes contain the same information as a traditional mortgage note – on paper – but they are created, signed and stored digitally. Officials said 11 federal home loan banks set servicing system requirements relating to eSignatures and eNote documentation in early 2020 – the culmination of three years of development.

Mortgage 361

Mortgage Legal Fees Law Legal 361

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Dave Applegate, a board member since 2020, has been named the company’s chairman. Presented by: Newbold.

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Human Resources Legal Finance Insurance 370

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. million and Guild Mortgage in October 2020 for $24.9

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Government Insurance Mortgage Legal 397

Housing Wire

MAY 24, 2021

We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. The funding caps a period of intense growth period for Stavvy.

Technology 448

Technology Lending Investors Modernization 448

Housing Wire

NOVEMBER 7, 2022

Executives at the mortgage lender announced their decision in a letter sent on Wednesday to business partners and employees, which was reviewed by HousingWire. According to the document, Athas is winding down, effective immediately, but will honor loans in its pipeline that it’s legally obligated to fund. and Sprout Mortgage.

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Lending Investors Business Mortgage 459

Housing Wire

DECEMBER 9, 2020

Together with HW Media brands HousingWire and FinLedger, the company will reach over 11 million real estate, mortgage and fintech professionals each year. mortgage and housing markets and serves an audience of lending, servicing, investment and real estate market participants. About HW Media. million unique visitors each month.

Real Estate 539

Real Estate Brokerage Legal Real Estate Agent 539

Housing Wire

OCTOBER 7, 2021

RealFi), a nonbank mortgage lender based in New York, accused the company’s top male executives of creating a toxic workplace through repeated sexual harassment and gender discrimination. This is the second recent lawsuit against a mortgage lender that claims top male executives fostered a toxic workplace. Department of Justice.

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Insurance Mortgage Clients Development 395

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. E-mortgage volume spikes. E-mortgage volume spikes. Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations.

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Law Legal Technology Real Estate 468

Housing Wire

DECEMBER 7, 2021

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

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Lending Law Design Government 468

Housing Wire

JULY 7, 2021

Mortgage servicing, origination and transaction-based services company Mr. Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM).

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Mortgage Property Taxes Insurance Business 418

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

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Law Mortgage Legal Finance 370

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors.

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Insurance Government Advertising Legal 329

Housing Wire

JULY 24, 2023

Moreover, the judge’s willingness to grant the joint motion to postpone the hearing seems an implicit acknowledgment of the divestiture as a material development that should be considered at trial, Tomasello noted. “We We believe deal approval via a trial would allow the merger to close in late-3Q/4Q,” Tomasello said.

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Investors Law Buyers Business 369

Housing Wire

MAY 23, 2023

The growing wave of loan-repurchase requests from Fannie Mae and Freddie Mac has yet another major wrinkle, industry sources reveal, and this new problem, if accurate as alleged, threatens to disrupt future merger and acquisition (M&A) activity in the mortgage-finance industry.

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Buyers Sellers Finance Contracts 418

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Consumer loans such as mortgages and other financial documents require notarization.

Business 505

Business Law Real Estate Investors 505

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. acres in San Francisco.

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Appraisal Mortgage Business Contracts 77

Housing Wire

JANUARY 24, 2022

Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote. The report comes just as a task force to root out bias in appraisals, led by the Department of Housing and Urban Development , finalizes its policy recommendations. “We

Government 370

Government Appraisal Reconsideration of Value Lending 370

Housing Wire

SEPTEMBER 23, 2021

A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial public offering, closed thousands of loans without proper documentation. billion in loans in 2020.

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Development Retail Law Mortgage 103

Housing Wire

FEBRUARY 14, 2022

Heidi brings deep expertise in areas across the legal spectrum, including in mortgage lending, servicing, credit access and regulatory matters, among others,” said Michael DeVito, CEO of Freddie Mac. “I Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3

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Legal Law Lending Development 370

Housing Wire

AUGUST 4, 2021

In March, Congress allocated $10 billion in funds to prevent homeowners from falling behind on their mortgage, losing utility services, or being displaced. States can use up to 5% of their funding for foreclosure or displacement-prevention counseling provided by Housing and Urban Development -approved agencies or legal services.

Property Taxes 448

Property Taxes Government Legal Development 448

Housing Wire

MAY 13, 2024

Goodwin Procter , a global law firm, acted as legal adviser for the deal, but further terms were not disclosed. HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Joe Cianciolo, Megan Graf and Jeboah (Bo) Joerg — the three co-founders of HomePace — will join EasyKnock.

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Investing Tools Legal Law 474

Housing Wire

SEPTEMBER 30, 2020

Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. In these four quadrants we service conforming and government mortgages, small balance commercial loans and private securities.

Mortgage 370

Mortgage Investors Business Human Resources 370

Housing Wire

MARCH 7, 2022

million in 2020 to $24.9 The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. Before starting Propy, Karayaneva ran a real estate investment firm in Bulgaria for 15 years and earned a master’s degree at the University of Oxford in sustainable urban development.

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Real Estate Law Inspection Agents 501

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Fannie has been upfront about its interest in developing appraisal “alternatives.”

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Appraisal Real Estate Valuation Contracts 89

Will Springer Realtor

APRIL 14, 2023

The sale of homes with pending legal issues cannot be completed until the matter is resolved. Buyers must rely on portfolio lenders – known for holding the mortgage through the duration of the loan – such as Washington Federal to finance the purchase. An $85M property on Hunts Point was listed last year but did not sell.

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Contracts Buyers Housing Market Design 36

Housing Wire

FEBRUARY 16, 2021

Department of Housing and Urban Development on Tuesday extended COVID-19 foreclosure and forbearance moratoriums for FHA and USDA loans to June 30, 2021. It also extended the deadline for the first legal action and the reasonable diligence time frame to 180 days. Mortgage servicers take steps to support borrowers amid COVID-19. “The

Legal 525

Legal Design Government Mortgage 525

Housing Wire

JULY 14, 2022

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. Net owner-occupancy rates. Broader buyer spectrum.

Renovations 370

Renovations Investors Buyers Retail 370

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. In some ways, 2023 was the year of the homebuilder. There wasn’t much competition from existing homeowners. is short of 1.5

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Construction Supply Chain Inventory Housing Market 476

Appraisal Partners Blog

FEBRUARY 4, 2020

Published on: January 21, 2020 – By Lexi Klinkenberg. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. One way to see what is most current is to go tour the model homes in new developments for ideas.

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Real Estate Appraisal Home Value Real Estate Agent 60

Housing Wire

MARCH 11, 2021

The clarification follows a landmark decision made in the June 15, 2020, court case Bostock v. “As a former mortgage banker and professional for nearly a decade, this is a welcome change of pace. The study also said that same-sex couples who were approved for mortgages paid 0.02%-0.2% more, equivalent to a total of $8.6

Lending 448

Lending Legal Mortgage Real Estate 448

McKissock

MAY 14, 2023

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., Editor’s note: This post was originally published on June 23, 2020 and updated in May 2023. fee simple, leased fee, etc.)

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Appraisal Appraisal Process Property Appraisal Real Property 87

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. New development projects also remain strong. Commercial Real Estate Sales.

Marketing 78

Marketing Real Estate Investing Retail 78

The Robert Weiler Company

MARCH 15, 2021

And, it is a major development that the Columbus region should celebrate. But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight. That’s why special purpose property appraisals and commercial mortgage preapprovals are vital to your ultimate (buy) decision.

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Appraisal Property Appraisal Real Estate Buyers 158

Housing Wire

APRIL 13, 2022

of GDP in 2020. As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Since 2016, legal immigration growth has declined by 40%.

Insurance 397

Insurance Construction Government Lending 397

Housing Wire

APRIL 26, 2021

Marcia Fudge , who leads the Department of Housing and Urban Development, has also said that combating racial inequality in housing is a top priority. In an address during the Mortgage Bankers Association ’s virtual spring conference, Fudge drew attention to the homeownership gap.

Buyers 419

Buyers Legal Law Design 419

Housing Wire

MARCH 29, 2022

And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. And HUD can bring lawsuits claiming bias in mortgage lending. Indeed, depositories’ mortgage lending to minorities is far behind that of nonbanks, a cruel irony since nonbanks do not have community reinvestment obligations.

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Lending Government Law Mortgage 370

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices.

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Renovations Investing Real Estate Marketing 394