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 28, 2021

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

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Appraisal Buzz

OCTOBER 1, 2024

Last year, National General Lender Services published an article highlighting that secondary perils, such as severe convective storms, wildfires, and river floods, are significantly impacting the insurance industry. Coupled with reforms in the state’s insurance code, the Florida insurance market is moving toward a more stable foundation.

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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

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

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

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

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

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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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

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

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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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

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

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

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

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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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

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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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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Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) counseling program was cited as an example. This program provides counseling to all applicants of the federally insured reverse mortgage program, the Home Equity Conversion Mortgage program,” the report stated.

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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

OCTOBER 1, 2020

The complaint announced on Friday alleges that in order to significantly increase its loan production, Nutter used unqualified underwriters lacking the requirements established by HUD to review and approve HECMs that Nutter ultimately insured with the FHA. When reached for comment, Edward T.

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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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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

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

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

MARCH 8, 2023

Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said. Servicers also collected money for fake private mortgage insurance (PMI) premiums that homeowners did not owe in their monthly statements, the CFPB said.

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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 22, 2022

Though regulators have the power to ding lenders for violating fair lending law, none of the agencies can give a special purpose credit program their blessing. If the regulators were willing to give someone a decision with a safe harbor behind it, lenders would be much more inclined to develop the programs,” said Arculin. “If

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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

MARCH 21, 2022

Custom homes are frequently developed, and the site is used as security for a short-term construction loan to complete the project. To purchase land and split it up, a developer needs to get their subdivision plans, one or more lawyers to work with local laws and zoning, and people who can help with construction to help them with the process.

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Housing Wire

FEBRUARY 20, 2024

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. These procedures may involve isolating affected systems, contacting law enforcement if necessary, and notifying affected parties.

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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

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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