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CFPB Acts Against Contract-for-Deed Investors Targeting Low-Income Borrowers

Appraisal Buzz

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

Contracts 367
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CFPB takes enforcement action against former HECM servicing contractor

Housing Wire

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
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Property Taxes and the Cost of Home Appreciation in a Hot Market

Will Springer Realtor

Don’t look now but something else is about to cost you more – property taxes. Homeowners in King County – or the lenders paying their mortgage – recently received notices in the mail about the assessed value of their property. This figure will help adjust their property tax next year. That’s quite a gap.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

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?

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How to grow housing supply in 2021

Housing Wire

This could be accomplished by raising the minimum down payment, removing the mortgage interest deduction and the property tax benefit. I propose that the federal government allocate funds via significant deficit financing to any state that wants to build homes right away. Hard pass. I would put this responsibility on the states.

Inventory 545
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Conservation Easement in Ohio: A Guide to Protecting Our Treasured Land

The Robert Weiler Company

A simple conservation easement definition is a legal contract to protect private land, permanently. When an Ohio landowner or investor decides to preserve their property, they likely turn to a conservation organization such as a state government agency or land trust. Incentives and Conservation Easement Tax Benefits.

Easement 148
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Institutional SFR players are stuck in the doldrums

Housing Wire

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.