Housing Wire

JANUARY 13, 2025

Department of Housing and Urban Development (HUD). Cyndi Danko, Fannie Maes senior vice president and chief credit officer of single-family, added that the company is continuing to monitor developments related to the wildfires and urges impacted homeowners to immediately contact their loan servicer.

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Housing Wire

JULY 22, 2021

Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., “Throughout my career, I have developed strong and lasting relationships with professionals in all aspects of this industry,” Cassidy said in a statement. “I a subsidiary of Doma.

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Insurance Agents Legal Training 418

Appraisal Buzz

JANUARY 9, 2025

In some cases, AI and other digital tools have also been used to create convincing forgeries of documents or to automate the process of generating fake deeds and other legal documents. For example, in the case involving Graceland, the scheme was unveiled only after a vigilant legal challenge by the estates trustees.

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Housing Wire

JANUARY 28, 2021

The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent. The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. .

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Housing Wire

MARCH 7, 2024

The White House also pointed out last year’s reduction to the mortgage insurance premium (MIP) for Federal Housing Administration (FHA) mortgages, which save “an estimated 850,000 homebuyers and homeowners an estimated $800 per year.” The NHC lauded the development.

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Housing Wire

FEBRUARY 1, 2021

Clinton’s long-standing career in public service, in-depth legal expertise in housing policy and executive leadership skills will help bolster FHFA’s work as a world-class prudential regulator.”. Prior to joining the agency, he served for 24 years in various senior legal roles at the U.S. Department of Housing and Urban Development.

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Housing Wire

JANUARY 10, 2023

It resulted from a big decline in mortgage banking, title insurance revenues and an impairment related to the Title365 segment. . workforce by 28%, including research and development, sales, marketing, general and administrative functions. Amid a rapidly shrinking mortgage market, the company reported a loss of $133.98

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Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely.

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Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims.

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Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters. ICON, an Austin based firm, has developed a 3D printed wall system.

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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

DECEMBER 6, 2023

As with establishing effective communication expectations early on, developing a crisis management plan before you need it will allow you to effectively deal with unexpected problems. Legal disputes. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights.

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Real Estate Legal Tenants Clients 414

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. My] third back surgery was in 2018.

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Law Legal Insurance Government 356

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. home purchases, there are plenty of legal and practical reasons for buying a home through an LLC or trust. trillion in existing home sales in 2021.

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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.,

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Insurance Real Estate Agent Law Real Estate 405

Housing Wire

SEPTEMBER 4, 2024

There are three core provisions in the ML, including a modification of HECM insurance regulations “by defining the date of default as the date for determining the debenture interest rate on loans that become due and payable” after publication of the ML. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

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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. But by failing to develop causation evidence, the DOJ is now limited to seeking only civil penalties against Nutter.

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Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The post CFPB wants lenders to disclose reason for denial of credit appeared first on HousingWire.

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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

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

APRIL 11, 2023

They also help to prevent fraud and ensure that the sale is conducted legally and ethically. In real estate, a title is a legal document that establishes ownership of a property or asset. You can obtain a title through purchase, inheritance or other legal means. Rachel Luna is the agency development manager at Patriot Title.

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Real Estate Legal Sellers Technology 359

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

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 concern is exacerbated with various standards for digital closings.

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Law Legal Technology Real Estate 467

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.

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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. In this episode, Winston discusses her work at WFG and as an advocate for Black homeownership.

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Appraisal Buzz

MAY 9, 2022

With all the construction of log homes, there needs to be legal and competent appraisals for these homes. However, the Highest and Best Use Analysis tells us that a log home must be legally compliant and/or Legally Permissible and the findings of the analysis must be relayed to the intended user of the report. The Solution.

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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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Technology Law Lending Legal 283

Housing Wire

SEPTEMBER 16, 2021

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. Kris Kully: It was the six years I spent working as a new lawyer at the Department of Housing and Urban Development.

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Housing Wire

AUGUST 8, 2022

Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Dave Applegate, a board member since 2020, has been named the company’s chairman. year over year, according to Inside Mortgage Finance data. (The

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Housing Wire

AUGUST 5, 2022

Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation. Some think that the proposed rule already addresses concerns that including race more explicitly would draw a legal challenge.

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Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

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Housing Wire

JANUARY 15, 2025

It’s not legal, but it’s happening. I know that [Governor] Newsom signed an executive order that waived some of the California Coastal Commission restrictions for the Palisades specifically, which is kind of like an extra layer of regulation around development in coastal areas, the idea being trying to speed along development.I

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Insurance Real Estate Landlords Legal 289

Appraisal Buzz

DECEMBER 11, 2024

With this process, we expect vendors to be able to develop more efficient routes, reducing travel time and operational expenses. AI-driven tools help prioritize work orders, process data more rapidly, and identify critical patterns in property status, ensuring that Safeguard can meet investor and insurer standards efficiently.

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Inspection Technology Insurance Training 396

Housing Wire

SEPTEMBER 17, 2024

Taylor Stork , the president of CHLA and the chief operating officer of Developer’s Mortgage Co. When you start to see a world where homeowners insurance and property taxes all go up, we’ve got borrowers hovering around a 50% DTI. “What we saw during COVID was the No. It sure as hell does.

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Property Taxes Government Legal Insurance 350

Appraisal Buzz

JUNE 4, 2024

According to CFPB Circular 2024-03 , companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections. Mortgage lenders fully and transparently disclose costs to every borrower on forms developed and prescribed by Congress in the Dodd-Frank Act and implemented by the CFPB.

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Contracts Law Mortgage Legal 390

Housing Wire

AUGUST 9, 2022

I like that title has a legal aspect to it, but I also like that we are able to talk to people and get to know them a bit through their transaction. But I like that there is a balance between legal stuff and people. Luna: I definitely stumbled into it. I was originally interested in doing journalism or law.

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Real Estate Real Estate Agent Insurance Business 375

Housing Wire

JULY 7, 2021

The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing. By late September, legal hurdles to the closing of the deal had dissipated, and MAM emerged as the buyer of RMS in a deal for which terms were not disclosed.

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Mortgage Property Taxes Insurance Business 406