Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. As part of the settlement, the firms agreed to end the practice of giving real estate agents consideration for the referral of title insurance business, and they will cease their title insurance operations in Washington, D.C., Although the D.C.

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Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing.

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Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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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. We urge stakeholders to provide input to assist us in developing an approach that enhances transparency while minimizing burden on business.”.

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Housing Wire

DECEMBER 7, 2020

These servicing standards are more comprehensive than existing law and will be in place for three years starting on Jan. ” Bray further said Mr. Cooper has worked on developing a culture of “customer advocacy,” which he said had driven customer complaints to record low.

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Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. Proximate cause” is a way to determine the most direct cause of harm or violation of law.

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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. Federal classification While laws across several U.S. Prior to the 2023 incident, Kemp explained that his health provider began requiring only private insurance, which prevented him from getting prescriptions.

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Housing Wire

FEBRUARY 1, 2021

I want it to be in a spot where, for instance, if you’re a young lawyer coming out of law school and you have an offer from the Fed or the OCC, that you may be willing to entertain an offer to come work at FHFA,” Calabria told HousingWire at the time. “I Department of Housing and Urban Development.

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Housing Wire

JULY 26, 2021

Kenneth Farmer has been named regional underwriting counsel for First American Financial Corporation’s gulf coast title insurance, the company recently announced. Tabaddor has more than 20 years of experience practicing law — with an emphasis on intellectual property, litigation, privacy, licensing, and audit and enforcement.

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Housing Wire

DECEMBER 14, 2023

The new rules as adopted could bring a wave of lawsuits against those using the so-called “lead gen loophole,” which includes mortgage lenders , insurers and law firms. The new notice also proposes “requiring, rather than simply encouraging, providers to make email-to-text services opt-in,” the FCC explained.

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Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims. The CFPB’s order will put the CEO’s pay at risk if Fay continues to break the law.”

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Housing Wire

JUNE 1, 2023

The agencies involved include the Federal Housing Finance Agency ; the Consumer Financial Protection Bureau ; the National Credit Union Administration ; the Federal Deposit Insurance Corporation ; the U.S. And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

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Appraisal Buzz

SEPTEMBER 1, 2024

Department of Housing and Urban Development (HUD) has announced a significant expansion of its housing counselor certification exam, now offering the exam and training materials in Spanish, Traditional Chinese, Korean, and Vietnamese. These documents will be available in Chinese, Korean, Spanish, Tagalog, and Vietnamese.

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Appraisal Buzz

AUGUST 23, 2024

HOA dues are maintenance fees required by shared housing developments that go toward building repairs, operation costs, staff, amenities like pools and fitness centers, landscaping and more. Skyrocketing insurance costs: Florida is the epicenter of the housing insurance crisis. across the 43 metros Redfin analyzed.

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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.

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Housing Wire

NOVEMBER 18, 2022

savings and loan associations, savings banks, and cooperative banks) and insurance companies. It was not until 1989 that Congress expanded membership to all federally insured depository institutions. Thus, if there is a conflict between the super lien and state insurance law, it is unclear which statutory system would prevail.

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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. financial system.

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Housing Wire

OCTOBER 11, 2023

As professionals are underwriting loans, servicing them or investing in loan portfolios, there is a big increase in the price of homeowners insurance ,” Gallagher highlighted. “And Started in March 2022, the SEC proposal seeks to amend disclosure law to better account for climate risk among public companies.

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Housing Wire

SEPTEMBER 24, 2024

aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD)’s [FHA] that did not meet program eligibility requirements,” the announcement explained. Nutter & Co. , government.

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Housing Wire

NOVEMBER 9, 2020

Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. This occurred even though Minnesota passed a RON law a few years ago.

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Housing Wire

MAY 20, 2024

Department of Housing and Urban Development (HUD) on Monday published a new version of its Single Family Housing Handbook 4000.1, which includes numerous updates to its guidance for the Home Equity Conversion Mortgage (HECM) program overseen by the Federal Housing Administration (FHA).

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Housing Wire

OCTOBER 1, 2022

Financial institutions that refuse to provide mortgage lending services to communities of color not only contribute to the persistent racial wealth gap that exists in this country, but also violate federal law,” U.S. The 1977 Community Reinvestment Act, the main law policing redlining, is only enforced when banks seek a merger or acquisition.

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Housing Wire

MARCH 31, 2021

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). The CFPB also now intends to take enforcement action against land developers subject to the Interstate Land Sales Full Disclosure Act under Regulation J. How servicers can stay ahead of Biden’s potential regulatory changes.

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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 10, 2021

“Servicers have had sufficient time to adjust their operations by taking steps to work with consumers affected by the Covid-19 pandemic and developing more robust business continuity and remote work capabilities,” the agencies said in a statement.

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Housing Wire

JANUARY 23, 2023

As discussions of cybersecurity and wire and title fraud risks continue to increase, so does the cost of cyber insurance. Per Insurance Insider’s examination of Beazley’s Cyber book, “U.S. Insurers are raising rates to levels that make it hard for businesses to find affordable coverage.”

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Appraisal Buzz

JUNE 4, 2024

Federal and state laws ban a host of coercive contract clauses that censor and restrict individual freedoms and rights,” said CFPB Director Rohit Chopra. A common example is the general liability waiver, which purports to fully insulate companies from suits even though most states have laws that create hosts of exemptions to these waivers.

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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

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. It would remove the cap on the number of HECM loans that can be insured by FHA. federal government. Within the congressional justifications for the U.S.

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Housing Wire

JULY 19, 2022

Representatives of Stewart said Coco with provide title agents within the Stewart Trusted Provider Network with underwriting support and solutions for their title insurance transactions within the state of Louisiana. Before joining Stewart, Coco was the lead attorney heading the commercial services department of Commerce Title in Baton Rouge.

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Housing Wire

AUGUST 7, 2020

Before that Yankowski was president and CEO of Executive Title Insurance Services. There, Allen developed strategies for capital markets clients including Morgan Stanley and Deutsche Bank , as well as managed engagements and provided solutions for FHFA , OCC , HUD , Freddie Mac and others.

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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. The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. The White Paper That Started It All.

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Housing Wire

JUNE 9, 2021

It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. Bank CRA obligations cover far more than their mortgage lending. They are bound to do more.

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Housing Wire

FEBRUARY 17, 2021

This HousingWire Daily podcast transcription features an interview with Monique Winston , vice president-national business development executive and chair of the diversity and inclusion council at WFG National Title Insurance Company. And I found, to me, I found an industry that was as versatile as the law degree that I had.

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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

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? They can be, in essence, the “boots on the ground” for investors and developers alike. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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Housing Wire

JUNE 1, 2022

For the first time, the ALTA Registry will provide data on individual title insurance and settlement services companies, identified by an ALTA ID. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space. MISMO e-Eligibility Exchange helps address this challenge.

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