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

Housing Wire

Online real estate market provider CoStar Group has sued former Homesnap founder Guy Wolcott and three others for allegedly stealing trade secrets related to its online information platform feeding its various marketplace products, including Homes.com and Apartments.com , according to court documents obtained by HousingWire.

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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. This creates a disjointed system where policies overlap and can be redundant.

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Going to Extremes

Appraisal Buzz

In some markets, the answer is increasingly yes. 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. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370
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Two Southern banks complete mortgage eNote transfer

Housing Wire

” Navigating Closing Struggles in 2021’s Purchase Market. 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 372
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ALTA: Protecting property rights with title insurance

Housing Wire

ALTA was proud to work closely with the Consumer Financial Protection Bureau (CFPB) to help develop these regulations, which went into effect in 2015. Having owner’s title insurance means the cost of defense and legal fees that typically would be the homeowner’s responsibility instead are paid by the title insurer.

Insurance 493
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Lenders must address repurchase risk before they go bust

Housing Wire

And though borrowers arent directly involved in the repurchase process, they often feel its ripple effects in the form of tightened standards, increased fees, or increased interest rates. Despite these developments, buyback costs remain a pressing problem for many lenders. By John Hardesty, EVP of Mortgage, Argyle.

Investors 370
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Title insurers reckon with attorney opinion letters

Housing Wire

These products that are going into the market — it is confusing because they are giving people who need it the most, less coverage,” Tomb said. “We Instead, ALTA warns that due to the risks posed by AOL coverage, using an AOL may cost a consumer more in the long run. We are protecting the American Dream,” Tomb said.

Insurance 416