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Streamlining subsidies to build more affordable housing

Housing Wire

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. These bureaucratic barriers burden developers with direct and indirect costs.

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Former Homesnap employees stole trade secrets over online marketplace tech, CoStar alleges

Housing Wire

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

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ALTA: Protecting property rights with title insurance

Housing Wire

There are also strict guidelines for the way title and settlement fees are disclosed to consumers and when changed circumstances allow for alterations to the disclosures. ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015.

Insurance 492
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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. ICON, an Austin based firm, has developed a 3D printed wall system.

HOA 370
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Two Southern banks complete mortgage eNote transfer

Housing Wire

Officials said 11 federal home loan banks set servicing system requirements relating to eSignatures and eNote documentation in early 2020 – the culmination of three years of development. Full e-Closings reduce the use of paper, legal fees, mailing and courier costs.

Mortgage 251
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Classifying Mortgages and HOA Super Liens

Appraisal Buzz

Factually, a group of entities known as “Fendee” built a housing development that included a homeowner’s association. In September 2021, Fendee recorded its lien against Gould for unpaid association assessments, fines, penalties, interest, and legal fees. The governing documents for the association were recorded in 2013.

HOA 221
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Lenders must address repurchase risk before they go bust

Housing Wire

Despite these developments, buyback costs remain a pressing problem for many lenders. Loan buybacks also harm investors by introducing volatility and diminishing returns. Such programs offer lenders alternative paths to resolve defects, lowering costs and reducing repurchase volumes.

Investors 292