This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6 million in new funding under the Indian Community Development Block Grant (ICDBG) program, adding up to $2 million to 38 individual community recipients to bolster housing development , expansion and preservation.
When California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single-family homes, supporters and detractors alike fiercely argued that it would have a big impact. SB 9 was designed to inject supply into what is arguably America’s most challenging housing market , but that has yet to happen.
The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts. Congress must pass the NDAA each year, since it refers to laws that specify the annual budget for the U.S. Bob Broeksmit, president and CEO of the MBA, said his group is pleased with the development.
The concept of the neighborhood center would be a new land-use designation that would bolster the zoning capacity of commercial centers, adding more residents to areas with existing businesses and amenities. To comply with state law, the city must pass new density rules by June 2025, the Times reported.
My first inclination was to go to my father-in-law’s house because he lived closer to Malibu, and I thought we’d just bring him to our house. My business has always been more design focused. I work with different designers and I do development as well. ” I just knew that it wasn’t going to be good.
I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.
The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. However, the debate in Newton could be more contentious than in other parts of the state, according to the Globe.
A private planning firm in California is launching a new tool to help local governments there prepare for a pending lawdesigned to spur more construction of accessory dwelling units (ADUs). All California municipalities are mandated by state law to have a preapproval process for ADU plans by Jan.
Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. Inclusive Zoning: The bipartisan Yes In My Backyard Act (S.1688 1688 / H.R. than children under 18.
Department of Housing and Urban Development (HUD) on Friday announced a final rule designed to expand support for housing counseling services within Native American tribal communities. HUD developed the new rule in concert with multiple tribal consultation and listening sessions, it explained. Last month, HUD announced $1.1
As part of the broader community operating within the service area of the Massachusetts Bay Transportation Authority (MBTA), the affluent Boston suburb of Milton — with a population of roughly 29,000 people — was directed to comply with a new state law requiring the construction of new multifamily housing units in areas served by public transit.
Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”
Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.
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. It’s already allowable under the law. Regulators are comfortable with it.
In a news release, Zillow explained that artificial intelligence (AI) tools often fail to account for the myriad requirements of fair housing laws. The Fair Housing Classifier is designed to act as a protective measure against steering, or the act of influencing a person’s choice of home based upon protected characteristics.
Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), the New York City Department of Investigations (DOI), the U.S. That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since.
Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The HUD program is a loan program that aids organizations in recruiting skilled workers for hard-to-fill or hard-to-recruit positions,” the announcement said.
Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG), and other concerns about the public disclosure of information the company wishes to keep confidential. Some of the Ginnie Mae documents may show confidential pricing information, which may need to be designated attorneys’ eyes only.
This update of the HUD Code is long overdue and will help increase production while also ensuring modern designs to suit the needs of families.” In addition, the final rule includes more clarity regarding structural design requirements for attics.
Department of Housing and Urban Development (HUD) Secretary Adrianne Todman asking why what he describes as a “backlog” of housing discrimination complaints has yet to be addressed. Richard Blumenthal, the senior U.S. senator from Connecticut , sent a letter last week to Acting U.S.
The Federal Communications Commission (FCC) — the government regulatory body overseeing communications across a wide variety of media including radio, telephone cable and the internet — adopted a new series of rules on Wednesday designed to crack down on controversial lead generation methods, including “robocalling” and “robo-texting.”
All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law. Presented by: Mortgage Coach.
United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”
The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen.
Northern Virginia and Maryland (DMV) area, Baltimore, Fairfield County Connecticut and Seattle, title insurance companies are now required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies in the Texas cities of Houston and Laredo. financial system.
On Wednesday, just nine days after the long-awaited trial’s September 18 start date, the real estate behemoth file a motion for judgment as a matter of law in the U.S. Accordingly, REX’s claims should not be put to a jury, and the Court should enter judgment in Zillow’s favor as a matter of law under Federal Rule of Civil Procedure 50(a).”
Other countries, including England, have developed digital national systems for processing and recording mortgage and property transactions. Reform zoning laws. Here again, the decentralized network of municipal law has handicapped the industry’s ability to respond to the pressing need for more affordable housing.
The Appraisal Foundation , a private organization that is the de facto regulator of appraisers , has settled with the United States Department of Housing and Urban Development (HUD) over allegations that its qualification program violated the Fair Housing Act.
However, data from the interviews showed adoption rates appear lower among smaller and mission-oriented lenders, such as minority depository institutions (MDIs) and community development financial institutions (CDFIs).
Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. The Financial Literacy and Education Improvement Act, signed into law by President George W. Among a series of 24 examples of federal financial literacy programs for these groups, the U.S.
Residents will have access to comprehensive assistance with financing, designing, permitting and building new ADUs aka “granny flats.” Gavin Newsom also signed three ADU-related bills that aim to boost ADU development throughout the state. Last year, California Gov. But the biggest benefit lies in affordability.
Residential zoning laws are designed to promote orderly development, control traffic flow, and ensure that noise and activity levels are appropriate to each specific neighborhood. Decades ago, zoning laws were used to legally segregate local communities based on race.
Pueblo County, Colorado, which encompasses an estimated population of about 170,000 people in and around the city of Pueblo, is sounding the alarm over potential fraud by creating a new alert system designed specifically to protect property owners. Department of Housing and Urban Development (HUD) Office of the Inspector General.
FinCEN said it worked with local law enforcement to identify the new areas for GTO coverage. For that reason, Treasury is committed to developing a solution to increase the transparency in the domestic real estate market.” The new requirements are effective through mid-April 2024. real estate market to launder money. financial system.
Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. Lenders are left to their own devices to design the programs, based on guidelines from the CFPB, and hope they get it right.
In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Some smart lenders, especially among credit unions, have developed some great products for ADU financing.
Meanwhile, Todd Maki, head of business development and partnerships at Snapdocs, remarked that integrating Notarize’s services will help mortgage lenders “orchestrate a more perfect mortgage closing” that is fully digital and error-free. Partnering with Snapdocs gets everyone there faster.”. The company estimated that 1.25
Whether you’re in the marketing space, a mortgage executive at a lender or real estate leader, we’ve designed this so all attendees can learn from the path these creative and innovative executives have walked to inform your go-to-market strategy for 2024. In four dedicated sessions, our Marketing Leaders will focus on this theme and more.
Developing a trusted referral network can generate new business for you (and your network). We love Wise Pelican for full-color, two-sided postcards and other print marketing materials designed specifically for real estate agents. She developed training materials, classes, and coaching programs for her fellow introverts.
So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? They can be, in essence, the “boots on the ground” for investors and developers alike. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.
They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet. Remote online notarizations were designed to prevent fraud and are much more secure than in-person notaries. Fortunately, leading-edge technology has your back.
CBRE suggested strengthening existing mixed-use districts and encouraging development of non-office space in primarily office areas, such as adding apartments and upgrading existing office spaces. Dallas and Phoenix) Developing Destinations (e.g., New York and Los Angeles) Mixed Majors (e.g., Boston and Washington, D.C.)
In the House, the bill is designated as H.R. This bipartisan bill will modernize the Low-Income Housing Tax Credit and help expand our housing supply, strengthening communities and supporting economic development in Illinois and across the county.” In the House, the bill has more than 60 bipartisan co-sponsors. Todd Young (R-Ind.),
This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Digital adoption has been hampered by state laws since a federal law that outlines practices for remote online notarizations does not exist.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content