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CFPB contracting officer details ‘wholesale termination’ of key contracts

Housing Wire

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia , saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau. Doe claims that on Feb.

Contracts 381
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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?

Training 366
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What MBA’s forecast means for mortgage originators

Housing Wire

If rates rise modestly, as MBA suggests, we will be left with rates still near historic lows, a boon for homebuyers but still a contraction in refinances. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. The analysis may expose training needs for respective production teams.

Mortgage 494
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The best real estate brokerage software for 2024

Housing Wire

The right real estate brokerage software will help you gain market share, train, recruit, and retain more (and better) agents, and make more profits. Finding systems that can help you train more agents with fewer headaches is a win-win for you and your agents. That difference is everything.

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Fannie Mae Selling Guide update prohibits family members’ job offers in transactions

Housing Wire

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
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Opinion: The death of common sense sparks leadership opportunities in real estate

Housing Wire

Instead, it stems from the need to formally consult and contract with potential buyers before opening any doors. Interestingly, unmet prospects are less resistant to the terms and amount of compensation than they are to the duration of the contract. The real friction hasn’t come from new communication methods.