Housing Wire

AUGUST 26, 2024

The complaint also alleges that the defendants have “consistently failed and refused to properly train, screen, conduct background checks, supervise, reprimand, direct and instruct” their senior management in “a manner at or above the standard of care in accordance” with their policies and the laws of their respective home states.

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Housing Wire

SEPTEMBER 28, 2020

With the official passage of the California Consumer Protection law on Friday, California’s Department of Business Oversight will be renamed the California Department of Financial Protection and Innovation and given expanded powers. California Gov. California Gov. Gavin Newsom signed the bill, originally introduced on Jan.

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Housing Wire

OCTOBER 31, 2023

One thing possibly preventing Bough from taking the second option is a specific Missouri state law , which allows for a seller or landlord to “agree that a designated broker may share with another designated broker the compensation paid by the seller or landlord.” It is implied in RESPA as well,” Trepeta said.

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Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

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Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan.

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Housing Wire

JUNE 1, 2023

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.”

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Inman

NOVEMBER 30, 2023

Take it to the next level with the Law of Three, writes luxury consultant Chris Pollinger, a strategy designed to make your leadership more impactful. You've heard of the Pareto Principle.

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Housing Wire

AUGUST 5, 2024

billion state budget for 2025, which features several provisions designed to assist the state’s senior residents with health care, food assistance and aging-in-place provisions like home-based care. Signed into law on July 29, the budget features support for several aging-specific programs advocated for by AARP.

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Appraisal Buzz

SEPTEMBER 12, 2024

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.

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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 7, 2021

Today, HUD is making it clear that certain SPCPs that are lawful under ECOA generally are not barred by the Fair Housing Act,” said HUD Sec. It’s already allowable under the law. For decades, HUD was silent on the matter, which further clouded the issue. Regulators are comfortable with it. It was just a logjam of inertia.”.

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Housing Wire

JUNE 14, 2024

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. This can be the key to ensuring that potential homebuyers are set for long-term success and that renters avoid eviction.

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Housing Wire

SEPTEMBER 27, 2023

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

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Law Real Estate Insurance Legal 363

Housing Wire

SEPTEMBER 16, 2024

In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC. Agents join the profit-sharing program by designating a sponsor when they join a market center.

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Housing Wire

SEPTEMBER 20, 2024

This is a bill that Congress must pass each year, since it refers to laws that specify the annual budget for the U.S. We urge the House and Senate to pass the conference report to the NDAA and for the president to quickly sign this into law.” Department of Defense (DOD). The response was also positive from the Broker Action Coalition.

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Housing Wire

FEBRUARY 21, 2024

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. We are federal law enforcement, so we have the same capabilities to make arrests, conduct interviews and issue subpoenas.

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Law Contracts Design Tenants 382

Housing Wire

OCTOBER 2, 2024

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.

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Law Transportation Construction Development 366

Housing Wire

JANUARY 3, 2024

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.

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Housing Wire

JULY 3, 2024

This latest set of translations expands the availability of “40 previously published translated mortgage origination documents and homeownership education resources,” the department stated, and will help to remove language barriers in accessing FHA-insured mortgage financing.

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Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. After receiving an MRA from the CFPB, Wells Fargo hired a law firm to look into mortgage bankers’ such practices whose sales included high levels of discounts, the report said. Its findings showed that mortgage lenders violated U.S.

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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

OCTOBER 15, 2024

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. Department of Defense.

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Design Real Estate Mortgage Business 447

Housing Wire

JUNE 1, 2023

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.

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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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Law Design Insurance Government 456

Housing Wire

SEPTEMBER 28, 2023

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).”

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Housing Wire

JANUARY 26, 2024

The broker-owner then went on to discuss what he felt were flaws about how the trial was handled, noting that the defense was not allowed to reference a Missouri law which allows for the practice of cooperative compensation (which Ketchmark said was not true). It is against the law.

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Housing Wire

JULY 29, 2024

The mortgage world is fast-paced and constantly evolving, driven by shifts in laws and economic conditions. From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process.

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Housing Wire

SEPTEMBER 8, 2022

The entire system has to be designed to inflate the price over time. Remember, the system is designed to keep home prices inflated. Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow.

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Inventory Law Housing Market Design 543

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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Real Estate Real Estate Agent Agents Brokerage 445

Housing Wire

MARCH 6, 2024

A state-level program in Connecticut that pays caregivers living with loved ones who require special attention, and is designed to facilitate aging in place, is seeing a surge in demand across the state. But a new law is currently being debated in the state Legislature that would open up the program to spouses of aging residents.

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Housing Wire

JULY 26, 2024

CT Insider previously reported that the Connecticut legislature has not passed any meaningful legislation designed to deal with housing discrimination issues, leading civil rights attorneys in the state to file a lawsuit against both HUD and the state governor’s office. “At

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Tenants Law Design Development 443

Housing Wire

NOVEMBER 9, 2020

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. The Electronic Signatures in Global and National Commerce Act (E-SIGN) is a federal law that applies many of the same provisions as UETA to interstate and national commerce.

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Law Legal Technology Real Estate 467

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

OCTOBER 15, 2024

It is based on a federal law of the same name that allows financial institutions to process checks through imaging. —can now process all earnest money deposit (EMD) payments through Payload’s Check21 feature.

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Housing Wire

MAY 21, 2024

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.

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Tools Real Estate Law Technology 355

Housing Wire

JANUARY 29, 2021

A decade ago, Virginia became the first state to enact a RON law and in 2017 Texas was the third state to approve RON legislation. Florida’s law is relatively new, having passed in 2019, but adoption there has been rapid.”. “Additionally, use of this technology is trending up significantly in Midwestern states.

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Housing Wire

JANUARY 9, 2025

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.

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