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

JANUARY 8, 2021

The natural trajectory could be tightening of credit underwriting that disproportionally impacts some communities if uncertainty exists in the legal and regulatory requirements of the rule. The rule still calls for the lender to “document and verify” the borrower’s ability to repay with standards that need development.

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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

JANUARY 24, 2022

Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. The report comes just as a task force to root out bias in appraisals, led by the Department of Housing and Urban Development , finalizes its policy recommendations. “I

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Housing Wire

NOVEMBER 18, 2022

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process. Short-term advances are not so restricted.

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Appraisal Buzz

OCTOBER 29, 2024

In New York City, the Basement Apartments Safe for Everyone (BASE) Campaign advocates for legalizing and upgrading underground apartments, many of which qualify as interior ADUs. Innovations and Challenges in ADU Development These ADU programs showcase a range of innovations to meet specific housing needs.

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Housing Wire

APRIL 2, 2025

Department of Housing and Urban Development (HUD) was considering the deployment of cryptocurrency and blockchain technology to monitor agency grants. The lawmakers demand that any additional action toward incorporating cryptocurrency into HUD operations wait until Congress has weighed in with the establishment of a legal framework.

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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

APRIL 2, 2025

Additionally, after publicly speculating in the Oval Office to reporters about a possible end to billionaire Elon Musk s time as a special government employee, a new report states that the president informed his inner circle that Musk will soon step back from his role to focus on running his companies.

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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

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

FEBRUARY 10, 2025

The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. Even if the CFPB remains inactive, the statutes governing our industry remain fully enforceable. If IMB executives fail to recognize this, they may risk legal and financial consequences.

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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

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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Appraisal Buzz

DECEMBER 12, 2024

Key Developments In 2024, Colorado, Hawaii, and Washington joined the growing list of states addressing affordability through shared housing legislation. By reducing parking mandates for these projects, Hawaii makes such developments more financially feasible. In Oahu, where 13% of offices sit vacant, H.B. Final Thoughts With 22.4

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Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. How hybrid title and valuations help increase lending efficiency.

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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 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

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

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

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

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

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

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

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

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

FEBRUARY 18, 2025

Also at play in New Zealand is the governments Ministry of Social Development, which established non-binding guidelines for reverse mortgages in 2008. Heartland complies with these guidelines, they explained.

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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

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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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

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

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

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

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

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

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

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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