Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty. Despite governing this issue, the code does not include a mandate for account matching.

Real Estate 459

Real Estate Insurance Legal Training 459

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

Housing Market 497

Housing Market Contracts Government Buyers 497

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

Contracts 448

Contracts Property Taxes Government Mortgage 448

Housing Wire

FEBRUARY 23, 2024

TCB claims that it dealt with Ginnie Mae in good faith, having lent “millions of dollars in much-needed financing to help the collapsing [RMF] continue making payments to senior citizens as part of a mortgage program critical to the federal government.” TCB was thus left with no alternative but to file this action,” the bank concluded.

Government 446

Government Contracts Finance Lending 446

Housing Wire

MARCH 2, 2023

The government corporation is also seeking an executive vice president and chief operating officer to manage daily operations and round out the leadership team. The government corporation in October announced changes to the re-pooling seasoning requirement for re-performing loans, which it says will increase issuer liquidity.

Government 397

Government Finance Contracts Insurance 397

Housing Wire

FEBRUARY 7, 2024

1, 2023, the jointly development Uniform Property Dataset (UPD) for the government-sponsored enterprises (GSEs) became active and included a data standard for condos, according to the Selling Guide. Lenders must be in compliance with these property insurance updates for all loans with application dates on or after June 1, 2024.

Retail 476

Retail Project Management Insurance Landlords 476

Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Polly’s API integration with CoreLogic is part of the fintech’s long-term strategy to provide innovation for lenders.

Technology 448

Technology Contracts Insurance Tools 448

Housing Wire

OCTOBER 12, 2023

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. However, it’s still well above the Fed’s 2% target.

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Government Housing Market Contracts Insurance 434

Housing Wire

DECEMBER 21, 2020

The trade organization announced Elizabeth Blosser as its new vice president of government affairs. She ensured the association continued to provide networking and educational opportunities to the title insurance industry within the new platform. Finally, it named Emily Tryon its senior director of public policy and government affairs.

Insurance 352

Insurance Government Advertising Legal 352

Housing Wire

JUNE 20, 2023

These complex contracts make selling, refinancing or transferring real estate difficult for homeowners. After signing one of these listing agreements, homeowners are stuck in a contract that can be binding for up to 40 years. These companies know how to make their agreements sound good.

Business 397

Business Contracts Real Estate Brokerage 397

Housing Wire

NOVEMBER 18, 2022

savings and loan associations, savings banks, and cooperative banks) and insurance companies. It was not until 1989 that Congress expanded membership to all federally insured depository institutions. Thus, if there is a conflict between the super lien and state insurance law, it is unclear which statutory system would prevail.

Legal 370

Legal Law Insurance Finance 370

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers. According to ALTA, in the U.S.,

Real Estate 435

Real Estate Insurance Law Real Estate Agent 435

Housing Wire

MAY 24, 2024

For this kind of agreement to work, it’s advisable to work with an attorney so terms and conditions are clear within a written contract that includes repayment schedules and title agreements. Consider home loan programs There are a number of home loan programs you may qualify for, even if you carry student loan debt.

Mortgage 468

Mortgage Insurance Contracts Design 468

Housing Wire

JANUARY 18, 2024

Settlor is a spin-off of Land Title Guarantee Company , but Qualia noted in its complaint that it is still investigating how much governance and oversight the title firm has over its title production software startup. In the complaint, Qualia states that is reached out to Myers on Sept.

Contracts 448

Contracts Government Business Marketing 448

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. What the paper wryly notes is that while the use of non-fungible tokens may be novel to the art economy, they have existed in real estate since the Henry VIII-led English government of 1536 created the deed.

Real Estate 501

Real Estate Law Inspection Agents 501

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

Legal 448

Legal Mortgage Contracts Insurance 448

Housing Wire

DECEMBER 20, 2021

A $250 monthly child tax credit from the federal government for each child also helps the household. Governments and servicers were both quick to launch forbearance programs for over seven million mortgage borrowers during the pandemic, realizing the historic challenge borne out of the Covid-19 pandemic. . But will end in December.

Mortgage 418

Mortgage Government Contracts Insurance 418

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Appraisal Buzz

JUNE 20, 2022

The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. This might include assignment conditions, contracts, leases, income and expense data, subject property descriptions, and builder’s cost information.

Appraisal 417

Appraisal Modernization Property Appraisal Real Property 417

Housing Wire

APRIL 14, 2022

government bonds or GSE-related [government-sponsored enterprise] securities, then interest rates will rise even further. . The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. in 2009 to 1.9%

Marketing 435

Marketing Investors Government Investing 435

Housing Wire

JANUARY 11, 2024

There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature. In Europe, with GDPR, they’re pretty far ahead of us, but our government is catching up really fast. But having some experience with that, I didn’t really want to find contract offshore providers.

Technology 476

Technology Contracts Business Appraisal 476

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The result is higher costs, lower productivity, unmeasured quality, and systemic exposure as government monopolies take most of the risk and make most of the money.

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Supply Chain Real Estate Architecture Brokerage 370

Housing Wire

OCTOBER 16, 2023

Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Let’s use $10,000 as an example.

Agents 435

Agents Buyers Sellers Inventory 435

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. As part of the closing process, your mortgage lender will require a title search, and you’ll need to purchase title insurance to protect you from legal claims to the house. Clear the title.

Buyers 207

Buyers Inspection Contracts Real Estate Agent 207

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday) The post The Week Ahead: Senate Turns Spotlight on CFPB first appeared on The MortgagePoint.

Contracts 195

Contracts Insurance Legal Business 195

Housing Wire

JULY 12, 2022

Starting in July, the government-sponsored enterprise will allow remote inspections on some refinance loans it buys. The seller accepts it; they go into contract. After all, it wasn’t so long ago appraisers received assignments via fax machine. An agent does a floorplan scan when they make a listing. An offer comes in at 5 p.m.

Appraisal 435

Appraisal Inspection Real Estate Agent Training 435

Appraisal Buzz

JUNE 21, 2024

The servicing industry has seen multiple policy updates in the last several months, with potentially more on the way between now and the end of the year, as the GSEs and government agencies manage both post-COVID workouts, and questions about supporting housing affordability given the current economic environment.

Law 195

Law Property Management Technology Legal 195

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. Emblematic of the excesses that took place, in 1987 the FSLIC [the now-defunct Federal Savings and Loan Insurance Corp.]

Marketing 370

Marketing Mortgage Buyers Sellers 370

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 395

Renovations Investing Real Estate Marketing 395

Appraisal Buzz

JULY 30, 2024

Create incentives for local governments to eliminate unnecessary land use restrictions that drive up costs. Inventory Rises, But Costs Grow Prohibitive According to a recent study by Redfin , nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract.

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Construction Investing Inventory Law 221

Cleveland Appraisal Blog

JUNE 18, 2022

Eminent domain or the power of the government to take private property for a public use without the landowner’s consent is embedded in the Fifth Amendment to the U.S. This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly.

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Appraisal Law Development Valuation 312

Miller Samuel

MARCH 19, 2019

The shift in New York State and New York City government sentiment against real estate development began with the following recent events: November: The introduction of the Amazon HQ2 deal in Long Island City. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

Real Estate 370

Real Estate Law Development Investors 370

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 459

Marketing Mortgage Investors Sellers 459

Realtor

NOVEMBER 1, 2023

Getting under contract Signing a contract to purchase a home comes next. The VA allows sellers to pay all of a buyer’s mortgage-related closing costs and up to 4% of the purchase price in concessions, which can include things like prepaid taxes and homeowners insurance and even paying off collections. Equal Opportunity Lender.

Real Estate Agent 121

Real Estate Agent Contracts Finance Real Estate 121

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). The most recent asking price is “really the moment the property entered the market,” he said.

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Marketing Real Estate Appraisal Sellers 221