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Housing Wire
JUNE 12, 2024
government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).
Housing Wire
JUNE 30, 2023
Attorney noted that we ‘took significant measures to stop the practices, both before and after being notified of the United States’ investigation,’ and that the settlement is ‘not an admission of any legal liability.’ Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.
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Housing Wire
NOVEMBER 28, 2023
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. It’s basic math, but how we got to this point is more complex.
Housing Wire
MAY 27, 2022
The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.
Housing Wire
MARCH 13, 2023
While the FDIC — an independent government agency that insures bank deposits and overseas financial institutions — declined to comment on Mayopoulos’ role, his career has been focused on financial and legal expertise. A bridge bank is a chartered national bank that operates under a board that is appointed by the FDIC.
Housing Wire
OCTOBER 23, 2020
Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. We also commend the whistleblower for coming forward, exposing these wrongs, and working with the government investigative team.”.
Housing Wire
DECEMBER 7, 2021
In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act. We must implement race sensitive policies and programs that directly address the racial wealth gap and are explicitly designed to bring opportunities to those the government and private players explicitly excluded,” Rice wrote.
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