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Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. Hladik serves as Chair of Legal League , and is a Partner at Hladik, Onorato & Federman LLP. Q: What were some of the key accomplishments of Legal League in 2024?
Through the Eviction Protection Grant Program (EPGP), a first-of-its-kind federal program created to increase the availability of legal services to tenants at risk of or subject to eviction, the U.S. Legal experts supported by this funding help provide housing stability across the country.
Katie Johnson is stepping down from her role as chief legal officer for the National Association of Realtors. According to Wright’s email, members can direct their legal questions and concerns to NAR general counsel Lesley Muchow and their member experience concerns to Kate Moore. Her last day will be Oct.
The Five Star Institutes Legal League has announced the launch of its latest White Paper, Non-Uniform Foreclosures. Legal League is a professional association of financial services law firms spread out across the U.S. The Legal League is uniquely positioned to drive progress in the mortgage servicing industry. Hladik Esq.
Weve built an incredible foundation and as we focus on each agents personal development and their continual sales growth, we welcome the partnership and backing from the team at Stone Point Capital. Stacie Herron, the firms chief legal and administrative officer, has been serving as interim chief operating officer.
Legal League , the premier professional association of financial services law firms in the U.S. Anthony Van Ness , Founder and Managing Partner of Van Ness Law Firm, and Roy Diaz , Managing Shareholder of Diaz Anselmo & Associates PA have been reelected to the Legal League’s Advisory Council.
Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Gibson Dunn was the legal adviser for AscentDS and WilmerHale was the adviser for Elliott. now known as Rithm Capital. “We
In this new role, Willis will work to develop new leaders within the company. According to the email, while the company looks for its next CEO, Stacie Herron, KEs current chief legal and administrative officer will serve as interim chief operating officer.
The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Tax payment history, legal documents and zoning information are also available at the push of a button. properties on one platform.
Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.
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.
Mykhailyna was the appraiser at the center of legal action by the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) back in June over an allegedly biased valuation of a home in Denver. In addition to the revocation of his license, Mykhailyna must pay a total fine of $97,500.
In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser. This requires a deep understanding of the appraiser’s local real estate market, as well as of the physical, legal, and economic factors that influence property values in it.
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.
I am driven to develop organizational cultures focused on customer service, competences, and skills. She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I
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.
Legal League recently hosted four training sessions for more than 80 mortgage servicers. Classes included content from Legal League’s Level 1 and 2 certifications combined with new, unique content requested by the servicer’s Foreclosure, Bankruptcy, and Loss Mitigation teams. With member law firms spread out across the U.S.,
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.
NAR noted in the release that the policy was developed after many months of consultation with MLS and association leadership, brokerages, agents, multi-cultural organizations, and industry experts. Under the new policy, NAR has created a new category of exempt listings known as delayed marketing exempt listings.
This kind of development should be a wake-up call for the industry. The most adaptive agents are already reaping the benefits of newer developments because theyve recognized this tech is here to stay might as well make the most of it. And since the brokerage also serves international clients from the U.S.
Things are ramping up in the legal battle between Move Inc. The suit is the latest development in what has become a long-running feud between Homes.com and Realtor.com. district court in Los Angeles has granted CoStar’s ex parte motion for expedited discovery in regard to Move’s motion for a preliminary injunction.
Non-Mortgageable Homes Physical deficiencies and legal complications often render rural homes ineligible for traditional mortgages. Owner-occupied homes in rural areas are twice as likely as urban homes to fall short of the Department of Housing and Urban Developments housing adequacy standards. Legal hurdles also play a role.
Exploring the Evolution of Mortgage Law As a former Deputy Attorney General, Stephen Hladik has been at the forefront of major legal shifts in mortgage law. Loss Mitigation Strategies: Hladik emphasizes the importance of innovative loss mitigation solutions to help servicers navigate default scenarios and avoid costly foreclosures.
Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). On an online database tracking a series of issues the U.S.
The leadership change also comes nearly two years after Hsieh settled a testy legal dispute with the board. Editor’s note: This is a developing story and will be updated as more information becomes available. The following day the company announced Hsieh was stepping down as executive chairman and remaining as chairman.
To do so, develop strategies and programs that cater to buyers and sellers at every stage. Real estate professionals should ensure their CRMs track this permission to support efforts to align with legal compliance standards. Stuart Sim is the Head of Industry Development & Brand Ambassador for Lofty.
Department of Housing and Urban Development (HUD). The claims) carry significant professional and legal consequences, he said. Garber added that the most pressing concern for appraisers remains the resolution of fair housing claims by the U.S.
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. ,
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.
The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere.
Department of Housing & Urban Development (HUD) Housing Choice Vouchers (HCVs). jurisdictions without Source of Income protections provided their property is not already legally required to accept HCVs and that at least 40% of units are affordable at or below HUD Fair Market Rents or Small Area Fair Market Rents.
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.
It’s part of the CFPB’s efforts to finally activate Section 1033 of the Consumer Financial Protection Act, a dormant legal authority enacted by Congress in 2010. This is the CFPB’s first significant rule to accelerate responsible open banking in the U.S.,
Perry said that despite statements from banking regulatory agencies, the Federal Housing Finance Agency , the Department of Housing and Urban Development and the Consumer Financial Protection Bureau to reassure lenders that targeted lending programs do not violate fair lending laws, mortgage lenders remain hesitant.
District Court for the District of Arizona , the employees alleged that they “were not paid one-and-one-half times their regular rates of pay for all time worked in excess of 40 hours in a given workweek,” according to the original legal complaint. million settlement will go to cover legal costs. Nearly 30% of the $3.5
His focus will be ”improving the agent experience in MoxiWorks and accelerating the development of a modern platform for agents and brokerages of all size, leveraging the power of AI,” the company stated in a news release.
Department of Housing and Urban Development (HUD). There is also a requirement that a client must seek independent legal advice before taking out a loan. Also, meeting system providers like HECM Toolbox who have developed specific products to improve the reverse mortgage market was great.” ” Partnership possibility?
million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. When announcing earnings in early February, company executives commented on the legal battle. PennyMac Financial Services has paid $158.4
All named defendants, including Wolcott and Mazur, were “either involved in the development of CoStar Sync or had access to substantial confidential and proprietary information regarding CoStar Sync and its development,” the complaint alleges. CoStar acquired Homesnap in late 2020 for $250 million in cash, with $7.8
This manifesto has helped MyState develop a national footprint with listings for all types of properties, including single-family homes, manufactured homes, newly built homes, foreclosures and even land. You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We We will always comply with the law.” billion judgment.
Today more than ever, real estate investors and developers need reliable lending partners who are agile and can provide certainty of execution to solve their complex financing needs,” Miller said in a statement. Its product mix includes fix-and-flip loans, bridge loans and construction loans.
Lets revisit the basics: In an H&BU analysis, real estate appraisers determine the most probable use of a property by applying four tests: whether the use is legally permissible , physically possible , financially feasible , and maximally productive. Under the old zoning, the H&BU analysis was finished at the legally permissible test.
An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute.
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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