Housing Wire

NOVEMBER 1, 2023

The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved in a transaction. “We The update also includes new general lender requirements regarding staffing, training and policies to maintain seller and/or servicer eligibility.

Contracts 459

Contracts Training Sellers Mortgage 459

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 447

Real Estate Brokerage Valuation Contracts 447

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.”

Contracts 435

Contracts Brokerage Law Real Estate Agent 435

Inman

NOVEMBER 19, 2024

As real estate continues to evolve in a post-Sitzer | Burnett era, contract documents are likely to be refined and modified to reflect current trends, broker Cara Ameer writes.

Contracts 166

Contracts Real Estate Agents 166

Housing Wire

DECEMBER 18, 2024

.” Nierenberg also added that the platform creates custom buyer-brokerage agreements in the wake of the National Association of Realtors ‘ settlement that requires agents to have buyers sign contracts.

Real Estate 363

Real Estate Real Estate Agent Brokerage Contracts 363

Housing Wire

JANUARY 18, 2024

Qualia is suing both Settlor and Myers for misappropriation of trade secrets, and it is suing Myers for breach of contract, and Settlor for intentional interference with a contract. The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took.

Contracts 448

Contracts Government Business Marketing 448

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. A documented process can help builders achieve industry standards.

Marketing 493

Marketing Contracts Supply Chain Project Management 493

Housing Wire

AUGUST 2, 2024

The BIG Agent is a consumer-agent-broker collaboration portal, which enables users to access buyer agency agreements, e-signature contracts, disclaimers, offer management and compensation disclosures. Users can send documents to clients’ phones for e-signature tasks. “The

Technology 447

Technology Agents Mortgage Open Houses 447

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.

Insurance 432

Insurance Real Estate Agent Brokerage Agents 432

Housing Wire

MARCH 28, 2024

In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “what’s next” in question.

HOA 488

HOA Property Management Real Estate Agent Technology 488

Housing Wire

JULY 23, 2024

Courts universally hold that a non-signatory may not enforce a forum selection clause where the contract expressly precludes third parties from benefiting from or enforcing the contract,” the filing reads. TCB’s lawsuit ‘involve[s]’ both the tail agreement and loan documents […].

Government 441

Government Contracts Mortgage 441

Housing Wire

FEBRUARY 24, 2021

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. “Changes to a title require a document to be notarized, and Notarize wanted to help,” said Cristin Culver, a spokesperson for Notarize. Notarize stepped in to offer help.

Law 434

Law Real Estate Contracts Brokerage 434

Housing Wire

OCTOBER 3, 2024

The ruling states that EasyKnock’s sale-leaseback agreement was a “valid and enforceable contract,” and the total amount awarded includes back rent owed, late fees and attorneys fees. “We According to legal documents , the couple later asserted that the sale-leaseback contract was a “disguised loan” under Texas law.

Legal 434

Legal Law Property Taxes Contracts 434

Housing Wire

MAY 20, 2024

Before any interaction between buyer and seller agents , potential sellers and buyers would sign contracts with their brokers The buyer agreement would state what services would be provided by the buyer broker and what compensation they would receive. The negotiation would continue until the parties agreed to the terms of the sale.

Buyers 465

Buyers Agents Counter Offer Sellers 465

Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. Attorneys representing Ginnie Mae and the U.S.

Government 448

Government Mortgage Law Contracts 448

Housing Wire

NOVEMBER 16, 2021

of the [loan] pool is concentrated in Maryland per the transaction documents,” states the November 10 Fitch presale report for PIMCO’s latest offering — issued through a conduit called BRAVO Residential Funding Trust 2021-HE3. Learn about the tools lenders should leverage to streamline home equity title and closing. Presented by: ServiceLink.

Investors 434

Investors Marketing Contracts Investing 434

Housing Wire

SEPTEMBER 23, 2022

Eghbal “Eddie” Saffarinia, 62, of Alexandria, Virginia, perpetrated a scheme to conceal key facts, including the extent and nature of his relationship with a “personal friend” who was the owner and CEO of an information technology company, according to court documents and evidence presented a trial.

Government 418

Government Contracts Development Technology 418

Appraisal Buzz

AUGUST 20, 2021

Oaktree Funding offers a wide range of mortgage products, including competitive non-QM and non-agency programs: for example, low-document bank statement and investor loans with limits as high as $4 million. “As The post Oaktree Funding Now a Participating Lender in Calyx Point appeared first on Appraisal Buzz.

Contracts 370

Contracts Investors Appraisal Mortgage 370

Housing Wire

SEPTEMBER 11, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. A further reduction in loan programs with low credit scores, high LTVs, and reduced documentation requirements also continued to drive the overall decline in credit availability.”.

Mortgage 545

Mortgage Government Contracts Lending 545

Housing Wire

OCTOBER 30, 2024

The department said it issued documents to LoanSnap within two weeks of that date, stating that the license would be revoked, and the company has yet to respond to request a hearing. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract. million.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

MAY 4, 2021

. “And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Currently, 32 U.S. states allow full eClosings. RON bills have also been introduced in several other states, and at the federal level.

Tools 379

Tools Human Resources Technology Real Estate 379

Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

HOA 473

HOA Real Estate Technology Investors 473

Housing Wire

OCTOBER 25, 2024

The platform evaluates the loan purchase eligibility and data quality while also handling document management to help lenders operate effectively and efficiently, said Linus Petrén, Novaprime’s CEO. Loan details needing attention are routed to a professional for a better borrower experience.

Investors 434

Investors Contracts Technology Lending 434

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. There’s an entire industry built upon the “What’s next?” in question.

HOA 459

HOA Real Estate Agent Technology Real Estate 459

Housing Wire

SEPTEMBER 30, 2021

Further, our platform has a POS and LOS that are tightly integrated for bi-directional data and documents, removing the hurdles of disparate systems.”. This allows the borrower to upload their documents and check-in on outstanding documents. Michael Farris, Vice President of Strategic Solutions at Origence.

Mortgage 396

Mortgage Contracts Technology Modernization 396

Housing Wire

OCTOBER 28, 2024

In a document filed on Friday with the Securities and Exchange Commission (SEC), the firm announced the termination of Douglas Elliman Realty CEO Scott Durkin, as first reported by The New York Times. Douglas Elliman continues to shake up its leadership team. According to the filing, Durkin was “terminated, effectively immediately.”

Brokerage 433

Brokerage Realty Contracts Investors 433

Housing Wire

OCTOBER 30, 2024

In the suit, Move alleges that Kaminsky stole documents and trade secrets from Realtor.com, which he then provided to CoStar to fuel the rapid growth of Homes.com. The two other claims were aimed solely at Kaminsky and allege a breach of contract and promissory fraud. In total, Move’s first amended complaint had six claims.

Legal 435

Legal Legal Fees Contracts Business 435

Housing Wire

AUGUST 6, 2024

Separately, the government has been granted additional time in court to respond to the bank’s motion for a partial summary judgment in favor of TCB , according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

Government 459

Government Mortgage Contracts Legal 459

Housing Wire

AUGUST 25, 2024

Agently Brokerage pricing: $459 per month for up to 20 users Contract required: None Integrations: Follow Up Boss, Sierra Interactive, kvCORE, Chime Agently is a gamified agent productivity app that simplifies agent onboarding, accountability and training to help agents stay motivated to hit sales goals. Here are our three top picks for 2024.

Real Estate 435

Real Estate Brokerage Contracts Training 435

Housing Wire

AUGUST 19, 2024

Kaminsky spied on Move’s confidential documents at least 37 times after CoStar hired him.” According to the filing, Kaminsky only stopped accessing the documents after a Move employee discovered him in an allegedly confidential Move filing in real time, at which point Move blocked him from accessing the documents. “Mr.

Real Estate 435

Real Estate Business Law Contracts 435

Housing Wire

SEPTEMBER 1, 2020

Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. Sales and contracts aren’t yet back up to normal levels, but the return of families – often for school – has meant more deals are being discussed, he said. The banks need bodies. There’s a lot of mortgages to be processed.

Loan Officers 435

Loan Officers Retail Lending Contracts 435

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. loanDepot filed the lawsuit on Oct.

Contracts 435

Contracts Legal Retail Training 435

Housing Wire

JANUARY 3, 2024

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. million and liquidated damages for the company’s breach of contract. In total, he asks for about $13 million.

Contracts 448

Contracts Legal Mortgage 448

Housing Wire

JULY 26, 2024

However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed. You might also consult a real estate attorney for contracts and tax implications that accompany a home sale. Closing costs are typically 3% to 6% of the purchase price.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

JULY 30, 2024

The OCMBC counterclaim brings eight counts, including defamation, breach of contract, fraud and unfair business practices. The document adds that Turturro joined HMAC in late 2022, becoming a “high-ranking employee” and divisional president for Jet Mortgage. (HMAC), wholesale lender OCMBC Inc.

Sellers 443

Sellers Business Contracts Mortgage 443

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” 31, 2022, special requirements for HECM reverse mortgage loan pools, TCB’s tail agreement and documents from RMF’s bankruptcy case unfolding in the U.S.

Lending 459

Lending Government Legal Law 459

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. A Movement representative did not return a request for comments. ” loanDepot has ongoing arbitrations with certain of the former employees.

Retail 448

Retail Contracts Legal Business 448