Appraisal Buzz

AUGUST 16, 2024

Kahane & Associates PA is a full-service law firm based in Sunrise, Florida, that represents secured and unsecured creditors and provides a full range of legal industry, from foreclosure and bankruptcy representation to litigation, evictions, collections, loss mitigation, and REO closings. Kahane Esq. , Kahane Esq. ,

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Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Department of Housing and Urban Development (HUD).

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Housing Wire

APRIL 4, 2024

The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority of the case to progress, according to court filings reviewed by RMD. Presiding Judge Matthew Kacsmaryk ruled in the U.S.

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Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

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Housing Wire

APRIL 19, 2024

Department of Housing and Urban Development (HUD) and Ginnie Mae largely deny any allegations made against the company in the original complaint. Attorneys for the U.S. This is according to court documents reviewed by RMD. The judge largely disagreed.

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Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S.

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Housing Wire

AUGUST 2, 2024

Gromowski, the company’s head of data science, and Singh, the vice president of GenAI property insights, discussed the importance of data in the development of artificial intelligence and offered advice for companies that wish to integrate AI into their business processes. Risk factors. From there, Wheeler segues into AI cybersecurity.

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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.”.

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Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

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Housing Wire

APRIL 24, 2023

However, neighborhoods with associations or other “common interest communities” with legally-binding zoning rules would be exempt, according to the Seattle Times. The term “common interest communities” can apply to larger planned developments or smaller housing subdivisions and condominiums, according to the Times.

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Housing Wire

JUNE 7, 2024

This system worked remarkably well until fraudsters developed technology to defeat the notarial process. Moreover, legal services will cost at least $5,000 and likely much more. By securing appropriate title insurance, property owners can protect themselves from the nightmare of expensive legal battles.

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Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

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Housing Wire

NOVEMBER 14, 2024

The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The increase was largely attributable to the way that FHFA developed its market forecast.”

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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. There are more than 11 million unfilled jobs in America today.

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Housing Wire

DECEMBER 16, 2022

ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015. Much of the expense is invested in the efforts of land title professionals to review the title and purchase title data from local governments.

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Housing Wire

FEBRUARY 14, 2022

Heidi brings deep expertise in areas across the legal spectrum, including in mortgage lending, servicing, credit access and regulatory matters, among others,” said Michael DeVito, CEO of Freddie Mac. “I Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3

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Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income.

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Housing Wire

JANUARY 15, 2025

Department of Housing and Urban Development (HUD) assistance is poised to lose his benefits on Jan. All but 11 states allow for at least the medical consumption of marijuana, and it is also legal for both medical and recreational use in the District of Columbia , itself a federal district.

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Housing Wire

NOVEMBER 11, 2024

Ultimately, though, local governments remain the key gatekeepers when it comes to ADU liberalization. While state-level ADU policies take aim at local rules that hamper ADU development, there’s still work to be done. That’s because impact fees can add up to more than enough to stifle ADU development. But first, the good news.

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Housing Wire

SEPTEMBER 24, 2024

Department of Housing and Urban Development (HUD)’s [FHA] that did not meet program eligibility requirements,” the announcement explained. government. Lenders must ensure that the loans they take on are eligible for government insurance. The lender “has agreed to pay $2.4 The head of the DOJ’s civil division, Brian M.

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Housing Wire

DECEMBER 7, 2021

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. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

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Housing Wire

JULY 12, 2024

Department of Housing and Urban Development (HUD) underwriting requirements in connection with the underwriting of approximately 1,500 [HECMs],” they explained. But by failing to develop causation evidence, the DOJ is now limited to seeking only civil penalties against Nutter. 9 — the defense is encouraged by this development.

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Housing Wire

AUGUST 13, 2024

Imagine that the local government where you live is invoking eminent domain rights concerning your dear home to build a road or park or let a private developer do as they will (Kelo v. This is a tough one among local governments. New London in 2005). To add further insult to injury, there is no compensation offer.

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Housing Wire

JULY 28, 2022

Treasury Department has issued new guidance empowering state, local and tribal governments to direct more of the funding appropriated under the American Rescue Plan Act of 2021 toward affordable-housing investments. billion for affordable-housing development and preservation.

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Housing Wire

SEPTEMBER 23, 2022

A former assistant inspector general for the Department of Housing and Urban Development (HUD) has been convicted by a federal jury of concealing efforts to direct tens of millions of dollars in government business to a friend and government contractor to whom he owed money.

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Housing Wire

APRIL 12, 2022

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. These bureaucratic barriers burden developers with direct and indirect costs.

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Housing Wire

JUNE 17, 2024

Department of Housing and Urban Development (HUD) submitted a motion to change the court venue where a case with Texas Capital Bank (TCB) is taking place, arguing that a contract clause has been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. The government made the filing Saturday, June 15.

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Housing Wire

FEBRUARY 1, 2023

While mortgage attorneys said the “Control your Price” initiative doesn’t appear to clearly cross the legal line, they raised compliance concerns — including rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts.

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Housing Wire

JANUARY 27, 2023

The federal government and numerous federal agencies will take action on these and other issues outlined in the blueprint. The administration said it will also launch the “resident-centered housing challenge,” which leans on housing providers and state, local and tribal governments to expand access to housing through stronger policies.

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Housing Wire

AUGUST 2, 2021

RON is a fully-digital experience that mirrors the traditional notarial act and provides the same legal protections, but with enhanced security and fraud prevention. A signer verifies their identity and appears before a notary on a video call, and together they complete, sign and legally notarize the document. The time for RON is now”.

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Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

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Housing Wire

SEPTEMBER 13, 2024

The Appraisal Institute now faces a backlash from members who support Chance , a veteran nonprofit leader who joined roughly a year ago and pledged to make governance reforms and support the work of on-the-ground appraisers. “We want to reassure you that we take our mission as Directors of the Appraisal Institute seriously.

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Appraisal Buzz

SEPTEMBER 30, 2024

Josh’s session, spanning both Saturday and Sunday mornings, gave attendees a deeper understanding of the standards that govern their work. Peter Christensen of Christensen Law Firm led the session “A Word From Your Lawyer,” where he broke down the latest legal challenges appraisers face, from liability issues to compliance concerns.

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Housing Wire

NOVEMBER 9, 2020

The FHFA reported the government sponsored entities expect e-mortgage purchases to increase in 2021. Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. Its estimated that e-mortgages will represent 5% of total GSE volume by the end of the year.

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Housing Wire

AUGUST 4, 2023

Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government. She later introduced a motion to implement only what was legally required by the city to comply with the new law until the next scheduled council meeting.

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Housing Wire

DECEMBER 11, 2020

In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team. Filkey brings 15 years of industry experience, with a heavy focus in mortgage banking, alternative product development and asset management. The leadership change comes as Thomas Black, Jr.

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Housing Wire

AUGUST 5, 2024

The National Reverse Mortgage Lenders Association (NRMLA) and the Mortgage Bankers Association (MBA) have submitted a joint letter to Ginnie Mae acting president Sam Valverde, offering their thoughts and perspectives on the government-owned company’s proposed supplemental Home Equity Conversion Mortgage (HECM)-backed Securities ( HMBS ) program.

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