Housing Wire

MAY 23, 2024

Once notified of an incident, representatives from HUD will contact the designated representative from the institution reporting the incident to determine the appropriate mitigation steps based on the nature of the incident,” the announcement added.

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Housing Wire

MAY 27, 2022

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.

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Housing Wire

DECEMBER 14, 2023

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.”

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Housing Wire

JANUARY 19, 2025

The home insurance crisis has entered a new phase Climate change has forced home insurance companies to retreat from areas that are increasingly prone to natural disasters, and California is chief among them because of the risk of wildfires. This will force homeowners to either pay more monthly or go without insurance.

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Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. Two of the most powerful U.S. billion in reinsurance payments.

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Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government. government.

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Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

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Housing Wire

NOVEMBER 9, 2020

In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. To appreciate this improvement to the closing process, you need to understand the various laws that allow for digital closings at different stages of the transaction.

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Housing Wire

SEPTEMBER 15, 2020

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.

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Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. The process of finding, buying and owning a home today is disjointed, antiquated and messy.

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Housing Wire

NOVEMBER 21, 2022

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.

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Housing Wire

JUNE 30, 2023

million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Therefore, lenders must follow FHA and VA rules to ensure only loans that meet credit and underwriting criteria are insured or guaranteed by the government.

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Housing Wire

NOVEMBER 1, 2024

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. This course covers real estate law, contracts, finance and ethics. your state’s real estate license exam.

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Housing Wire

DECEMBER 4, 2024

The federal regulators that stamped their names on document include the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board of Governors, the Federal Deposit Insurance Corp.

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Housing Wire

AUGUST 30, 2024

For loans backed by Federal Housing Administration ( FHA ), it is a matter of law. Mortgage loans and mortgage insurance are priced based on characteristics of the loan, including borrower credit score and LTV—and for higher LTV loans, the combination of these fees means higher monthly payments.

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Housing Wire

JUNE 25, 2024

Additionally, institutions must “protect against the manipulation of data; seek to avoid conflicts of interest; require random sample testing and reviews; and comply with applicable nondiscrimination laws.” Beyond the CFPB, other agencies involved with drafting the final rule include the Federal Deposit Insurance Corp.

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Housing Wire

DECEMBER 30, 2024

New relationships are forming between insurers seeking long-term debt investments and managers specializing in origination, securitization, and sale of mortgage -backed securities. Historically, life insurance companies shied away from investing in residential mortgages.

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Appraisal Buzz

JULY 18, 2024

The agencies issuing the rule include the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve Board (FRB), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC).

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Housing Wire

APRIL 7, 2022

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Before you do anything, you should ask your underwriter whether they will insure RON closings at all. How should you prepare for RON?

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Housing Wire

APRIL 25, 2024

This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated. The Financial Literacy and Education Improvement Act, signed into law by President George W. Bush in 2008, established the Financial Literacy and Education Commission.

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Housing Wire

MARCH 13, 2023

Here’s how to show them you’re in the know: Be a title expert Homebuyers want information that can make their decisions more manageable, especially information on title insurance, which they may have never heard of before starting the home buying process. Show them you understand the local nuances of the industry inside and out.

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Housing Wire

OCTOBER 25, 2023

FinCEN said it worked with local law enforcement to identify the new areas for GTO coverage. The new requirements are effective through mid-April 2024. The GTOs require title companies to identify the people behind shell companies used in all-cash purchases of residential real estate. real estate market to launder money.

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Housing Wire

MARCH 15, 2021

of households in current neighborhoods that were once designated undesirable for mortgage lending are non-white, compared with 40.4% And almost 90% of flood damage insurance payments in Chicago are made to households in communities of color, per Redfin. Presented by: Ylopo. Per Redfin, 58.1%

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Housing Wire

FEBRUARY 22, 2022

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.

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Housing Wire

JANUARY 12, 2024

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

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Housing Wire

JANUARY 14, 2025

Pass your state licensing exam The real estate broker exam is comprehensive, covering real estate law, ethics, and management. Obtain insurance Most states will require you to carry both liability insurance and errors and omissions (E&O) insurance for your brokerage. Unfortunately, this was not the case.

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Housing Wire

JUNE 2, 2023

million in a designated loan subsidy fund designed to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit, in majority-Black and Hispanic neighborhoods within the bank’s lending area. “The

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Housing Wire

APRIL 26, 2023

FinCEN said it worked with local law enforcement to identify 14 additional counties to be included in the GTO coverage areas, including Litchfield County in Connecticut and Adams, Arapahoe, Clear Creek, Denver, Douglas, Eagle, Elbert, El Paso, Fremont, Jefferson, Mesa, Pitkin, Pueblo, and Summit counties in Colorado. .;

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Real Estate Law Realtors Finance 297

Housing Wire

DECEMBER 16, 2020

Title Leader is designed specifically for default services law firms, whether you have a captive title company or not. Industry-first automation of the 11, mandatory steps of the title-search handling process… AND you gain access to our search-fulfillment partner, which serves all national title insurance underwriters.

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Housing Wire

OCTOBER 4, 2024

The exam is designed to test your understanding of what you studied in class. Your questions will cover federal mortgage laws, general mortgage knowledge, MLO activities and more. The lender must ensure that the borrower has homeowner’s insurance before the loan closing.

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Real Estate Loan Officers Tools Law 373

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures.

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Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction.

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Real Estate Contracts Law Real Estate Agent 351

Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. This tax directed is specifically at New York City because it is designated for cities in the state with populations of more than 1 million. Seriously.

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Real Estate Law Development Investors 370

Housing Wire

FEBRUARY 15, 2022

Securities and Exchange Commission uncovered a total of 487 instances over the past six years in which the nation’s SEC-registered credit-rating agencies were deemed by agency staff to be in non-compliance with federal securities laws or related SEC rules, a recent SEC staff report reveals.

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Housing Wire

OCTOBER 12, 2022

A record number of title insurance professionals gathered on Coronado Island, just a few miles from downtown San Diego, at the Hotel del Coronado for the American Land Title Association ’s annual ALTA One conference on Wednesday. We are better and stronger as a group,” McBride said.

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Real Estate Real Estate Agent Agents Law 352

Housing Wire

FEBRUARY 8, 2022

That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. Federal laws aren’t the only ones servicers have to contend with. The National Consumer Law Center (NCLC) identified executive declarations and court orders in 34 states as of April 2021.

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Appraisal Buzz

JULY 17, 2024

The House should quickly approve this bill so it can be signed into law.” Ohioans who have served our country should have every opportunity to get the VA home loans they’ve earned,” said Sen. Despite these benefits, only 13% of veterans ever utilize their VA home loan benefit.

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