Housing Wire

JANUARY 31, 2024

Seniors, even those of advanced age, are legally required to face the same qualification requirements as any other mortgage applicants. “I Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. 30-year mortgages were never meant to be for them.

Property Taxes 434

Property Taxes Mortgage Design Finance 434

Housing Wire

AUGUST 30, 2024

For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. 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.

Finance 447

Finance Buyers Agents Insurance 447

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,

Mortgage 401

Mortgage Design Architecture Market Value 401

Appraisal Buzz

JULY 17, 2024

An underutilized resource The VA home loan program was designed to assist veterans and their spouses achieve homeownership by offering perks for financing home purchases, including no down payment, no private mortgage insurance (PMI), and oftentimes, lower interest rates than conventional FHA loans.

Legal 221

Legal Law Insurance Design 221

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.

Government 398

Government Insurance Mortgage Legal 398

Housing Wire

MARCH 7, 2024

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” The White House estimates that this “will raise an additional $3.79

Construction 535

Construction Renovations Insurance Landlords 535

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The designers historically have been unwilling to tell lenders all the factors used and how they are weighted,” Kully said. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”.

Law 450

Law Valuation Legal Government 450

Housing Wire

NOVEMBER 1, 2024

citizen or legal resident and be 18 years of age or older. For example, a designated broker is someone who owns a real estate firm and oversees business activities, such as hiring and managing other brokers, agents and office staff. Brokers are often legally liable for the actions of agents working under them.

Real Estate 450

Real Estate Real Estate Agent Agents Brokerage 450

Housing Wire

MARCH 14, 2022

in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies. home purchases, there are plenty of legal and practical reasons for buying a home through an LLC or trust. trillion in existing home sales in 2021.

Real Estate 436

Real Estate Insurance Law Real Estate Agent 436

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.”

Tools 454

Tools Mortgage Finance Lending 454

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.

Insurance 397

Insurance Government Law Real Estate Agent 397

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. Stavvy enables digital transformation by helping organizations navigate complex financial and legal transactions easily and safely, which allows organizations to put customer experience at the forefront.

Real Estate 380

Real Estate Design Lending Agents 380

Appraisal Buzz

JUNE 7, 2024

As Director, Chopra is also a member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC) and the Financial Stability Oversight Council (FSOC). In 2011, the Secretary of the Treasury designated him as the agency’s student loan ombudsman, where he led the Bureau’s efforts on student lending issues.

Contracts 195

Contracts Insurance Legal Business 195

Housing Wire

MARCH 11, 2022

Should Propy succeed, they would change and maybe jeopardize the business of title insurers (the initial sale did not obtain such insurance). Karayaneva urged real estate agents to get on board and become “crypto certified,” an unofficial designation the company bestows following training and course work.

Real Estate 370

Real Estate Real Estate Agent Agents Insurance 370

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. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 505

Mortgage Government Retail Lending 505

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. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles.

Law 469

Law Legal Technology Real Estate 469

Housing Wire

FEBRUARY 27, 2023

Department of Veterans Affairs (VA) seals, the Federal Housing Administration ( FHA ) logo, and other language or design elements to falsely imply that RMK was affiliated with the government,” the CFPB said. RMK originated consumer mortgages, including mortgages guaranteed by the VA and mortgages insured by the FHA.

Lending 398

Lending Advertising Mortgage Government 398

Housing Wire

APRIL 27, 2021

In a conversation with Mortgage Bankers Association President Bob Broeksmit last week, Bharat Ramamurti, deputy director of the National Economic Council , acknowledged the issue, which was designed to provide more liquidity to the GSEs. That would be like if Wells [Fargo] said, ‘Well, we’ve got deposit insurance so who cares.’”.

Investing 398

Investing Legal Business Mortgage 398

Housing Wire

JULY 7, 2021

The same day Mr. Cooper announced the initiation of the Champion sale, the company also announced that it completed the sale of title insurance and settlement services provider Title365 to digital lending software company Blend Labs, Inc. These benefits will contribute to even stronger momentum for Mr. Cooper.”.

Mortgage 420

Mortgage Property Taxes Insurance Business 420

Empire Appraisal Group

OCTOBER 17, 2024

Not reviewing homeowners’ insurance coverage It’s important to determine how much homeowners insurance you need for your unique circumstance. Renovations or upgrades could impact your insurance coverage limits and might not be covered by your existing policy.

Renovations 78

Renovations Inspection Tools Insurance 78

Cleveland Appraisal Blog

AUGUST 25, 2022

This should include repairing any structural damage or major systems before you think about design. When you run a business, and owning rental property is a business , you’re almost always better off forming a legal business structure. Next, look at your space. This is especially the case if your goal is to break into real estate.

Investing 332

Investing Renovations Landlords Real Estate 332

McKissock

MAY 15, 2023

An online legal team such as Rocket Lawyer can provide templates for various legal documents, as well as personalized legal advice, for a monthly fee—usually less than $100. Business insurance is a must. They are usually inexpensive, but penalties for letting them lapse could be high.

Business 71

Business Appraisal Advertising Real Estate 71

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. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

Business 504

Business Law Real Estate Investors 504

Housing Wire

DECEMBER 8, 2023

Includes AZ Legal Updates, AZ Disclosures, Exploring Fair & Affordable Housing, Managing Risk in Real Estate Business CE Sales Package with Ethics: Required 24 hrs of coursework. Includes Agency Law, Contract Law, Commissioner’s Standards, Disclosure, Fair Housing, Legal Issues & General. out of 5 stars Rating: 4 out of 5.

Real Estate 426

Real Estate Contracts Law Real Estate Agent 426

AmeriMac

OCTOBER 15, 2024

Many different groups are involved, such as property owners, buyers, sellers, lenders, insurance companies, and tax authorities. It is important to understand the details of property valuation, the laws that apply, and the legal options that are available to handle appraisal disputes well.

Appraisal 36

Appraisal Legal Valuation Law 36

Empire Appraisal Group

DECEMBER 28, 2022

If you can legally add an accessory dwelling unit (ADU), should you? In California, homeowners have a legal right to build ADUs, and local governments aren’t supposed to create barriers to getting permits. And if that’s the case, a properly permitted and thoughtfully designed ADU could be worth the investment. “If By Liz Weston.

Law 78

Law Legal Construction Property Taxes 78

Housing Wire

APRIL 16, 2024

Selden is referring to a clarification issued in a mortgagee letter by FHA Commissioner Julia Gordon in late 2022, noting that participants who have ”a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources of compensation, either directly or indirectly, from a single FHA-insured transaction.”

Real Estate Agent 486

Real Estate Agent Loan Officers Real Estate Agents 486

The Robert Weiler Company

APRIL 15, 2022

A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Indemnity and Insurance. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. What does it mean to lease commercial real estate? Taxes and Assessments. Amendments.

Tenants 144

Tenants Landlords Property Taxes Real Estate 144

Real Quantum

SEPTEMBER 25, 2021

Maximize the Value of Your Appraisal Firm, an Interview with Peter Christensen of Valuation Legal. This webinar will be an engaging discussion with Peter Christensen of Valuation Legal , an attorney specializing in the valuation industry. Valuation Legal. About Peter Christensen, Attorney-Principal of Valuation Legal.

Appraisal 36

Appraisal Valuation Legal Client Relationships 36

Appraisal Buzz

NOVEMBER 13, 2024

Homeowners insurance is another big topic, and by encouraging customers to shop the policy and to bundle policies where possible, we can partner with customers to make their homeownership costs as affordable as possible. Compliance and legal resources will be needed to focus on training, policy enhancements, and change management.

Mortgage 410

Mortgage Technology Clients Tools 410

Lamacchia Realty

JULY 24, 2023

Additionally, the state is no stranger to hurricanes, and it’s crucial to be prepared and have a plan, along with home insurance , in the event of severe weather. Reviewing your insurance coverage and understanding the options available for retirees is important. What Are Some Legal Considerations When Retiring To Florida?

Transportation 68

Transportation Legal Law Insurance 68

Movoto

APRIL 8, 2024

This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Title and Insurance. Title insurance is outlined here which provides a crucial safeguard against potential property defects. Property Identification. Purchase Price.

Contracts 36

Contracts Real Estate Property Taxes Inspection 36

PennyMac

AUGUST 31, 2024

During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction. Here are some of the steps completed prior to closing.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Raleigh Realty

FEBRUARY 19, 2022

Find hidden survey pins Survey pins are thin iron bars in the ground used to designate property lines. They should also hold professional liability insurance which will cover you if the surveyor makes a mistake when surveying the property and goes over property lines.

Legal 148

Legal Government Insurance Construction 148

Housing Wire

FEBRUARY 8, 2022

That is exactly what millions of forbearance plans and a federal moratorium were designed to avoid during the pandemic. I usually figure a cost between 4% to 5% of the loan balance per year to property taxes, insurance, legal, servicer, inspections, in the judicial states, and between 2% and 3% in administrative states.”

Law 370

Law Mortgage Legal Finance 370

Housing Wire

NOVEMBER 5, 2023

Lead generation website Creating and maintaining a website designed for lead generation is critical in digital real estate prospecting. An effective website should have a clean, professional design with intuitive navigation to allow visitors to easily access the information they need. That’s sponsorship.

Real Estate 475

Real Estate Tools Real Estate Agent Open Houses 475

The Robert Weiler Company

APRIL 5, 2023

LawDepot™ explains a sublease as, “… a legally binding contract between a tenant and a new tenant… The sublease gives the subtenant the right to share or to take over the rented premises from the first tenant.” Do they have any legal problems? One way to make this happen is with rent pre-payment. Consider subleasing.

Landlords 144

Landlords Tenants Logistics Real Estate 144