Housing Wire

FEBRUARY 3, 2025

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. All these documents must be reviewed. Patent & Trademark Office.

Mortgage 418

Mortgage Contracts Insurance Sellers 418

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. The Campolis allege that the Bulls failed to deposit $100,000 in earnest money as agreed to in the contract, instead forging documentation falsely showing that the money had been deposited.

Realty 397

Realty Real Estate Advertising Agents 397

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

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Insurance Legal Legal Fees HOA 416

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. Sarmiento reportedly requested the documentation for a refund on Jan.

Insurance 497

Insurance Mortgage Development Legal 497

Housing Wire

NOVEMBER 1, 2024

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. citizen or legal resident and be 18 years of age or older. Generally, you need to be a U.S.

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Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. To many, homebuying is a daunting, often confusing process.

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Insurance Real Estate Buyers Real Estate Agent 511

Housing Wire

JANUARY 31, 2025

The total estimated cost of getting a Colorado real estate license ranges from $1,080 to $1,800, depending on the real estate course you choose and the cost of your E&O insurance. Regardless of your chosen method, ensure you bring all required documentation, including your proof of coursework completion and a valid ID.

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Real Estate Brokerage Insurance Legal 326

Housing Wire

AUGUST 30, 2024

The Merriam-Webster dictionary defines fraud as the “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right,” and from identity theft to sweepstakes and investment scams, it can take countless forms at a high cost to consumers.

Real Estate 448

Real Estate Insurance Sellers Legal 448

Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. By having a neutral third party manage the transfer of funds and documents, the sale can be completed quickly and efficiently.

Real Estate 397

Real Estate Legal Sellers Technology 397

Housing Wire

SEPTEMBER 27, 2023

As an organization dedicated to protecting property rights, the American Land Title Association (ALTA) wants to help ensure laws do not discriminate against or prevent people from legally purchasing real estate. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

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Law Real Estate Insurance Legal 435

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

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Lending Insurance Legal Business 397

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Real Estate Agent Real Estate Agents Insurance 468

Housing Wire

MAY 4, 2021

. “And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Currently, 32 U.S. states allow full eClosings. RON bills have also been introduced in several other states, and at the federal level.

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Tools Human Resources Technology Real Estate 386

Housing Wire

JULY 22, 2021

Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., Earlier this month, North American, once the title insurance arm of homebuilder Lennar , hired Margaret Redman as director of national commercial services and senior regional underwriting counsel.

Insurance 418

Insurance Agents Training Legal 418

Housing Wire

NOVEMBER 9, 2020

In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles.

Law 468

Law Legal Technology Real Estate 468

Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

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Modernization Law Lending Insurance 468

Housing Wire

SEPTEMBER 19, 2024

But legal, regulatory and compliance defects saw a sharp increase, more than doubling their share as they were found in 16.22% of all loans. They accounted for the second-largest category of defects in Q1 2024, followed by loan documentation defects (14.41%).

Mortgage 431

Mortgage Insurance Legal Marketing 431

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. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

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Business Law Real Estate Investors 505

Housing Wire

SEPTEMBER 30, 2021

Stavvy enables digital transformation by helping organizations navigate complex financial and legal transactions easily and safely, which allows organizations to put customer experience at the forefront. It can intake documents from multiple sources as well as handle signings and annotations.

Real Estate 412

Real Estate Design Lending Agents 412

Housing Wire

MARCH 28, 2024

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing.

HOA 488

HOA Property Management Real Estate Agent Technology 488

Housing Wire

JULY 26, 2024

However, an agent can help suggest a fair market value, draw up contracts, review documents, and ensure state-required protocols are followed. Determine your home’s value Because controlled transactions tend to be subject to closer tax scrutiny, you’ll want to document the process you used when establishing the fair market value of your home.

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Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

NOVEMBER 22, 2023

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. And the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing.

HOA 459

HOA Real Estate Agent Technology Real Estate 459

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.

Real Estate 435

Real Estate Insurance Law Real Estate Agent 435

Housing Wire

APRIL 9, 2024

HOA requirements and documentation: a case in point. As a case in point, let’s look at the settlement requirement to navigate homeowners associations (HOA) and their vast and disparate array of documents and requirements. The result is thousands of HOAs with thousands of varying requirements and mounds of varying documentation.

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HOA Real Estate Technology Investors 474

Housing Wire

NOVEMBER 29, 2023

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Finally, in the case of multiple undocumented heirs, there is a risk of tax sale if the parties disagree on who is responsible for taxes and the obligation is not set out legally.

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Legal Law Property Taxes Government 459

Housing Wire

SEPTEMBER 9, 2020

We recognized the potential of the Notarize platform and have worked with their team to tackle the legal and technical barriers to RON,” said Don Casey, president and CEO of Realogy Title Group. The increased adoption of RON is being driven by more tech-focused lenders , Casey noted in an interview.

Insurance 418

Insurance Legal Brokerage Agents 418

Housing Wire

JULY 21, 2023

The news was first reported by legal website Top Class Action. The data compromised included “names, addresses, phone numbers, dates of birth, social Security numbers, passport numbers, driver’s license numbers, credit card information, bank account information and/or medical or insurance information,” the lawsuit says.

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Legal Technology Insurance Lending 370

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. That’s according to four former employees and company registration documents reviewed by HousingWire. Shocked employees didn’t receive their last paychecks. “How is that even possible?

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Housing Wire

AUGUST 10, 2020

In its July 21, 2020, statement of charges, NYDFS alleged that First American Financial, one of the country’s largest title insurers, failed to properly respond to a security vulnerability on its website. NYDFS seeks civil monetary penalties that could leave First American exposed to millions in liability.

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Training Legal Mortgage Insurance 370

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). Lenders must ensure that the loans they take on are eligible for government insurance. Nutter & Co. , The lender “has agreed to pay $2.4 government. Nutter & Co.

Insurance 259

Insurance Legal Government Law 259

Housing Wire

JANUARY 11, 2023

Those who aren’t really familiar with the settlement services industry tend to think of a title agency as, more or less, the business that makes the closing happen and delivers a title insurance policy. Some use their inbox as de facto storage for such information until the time is right to enter it into the proper documents.

Agents 435

Agents Technology Insurance Business 435

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.

Brokerage 448

Brokerage Mortgage Development Insurance 448

Housing Wire

OCTOBER 24, 2023

Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team. ” However, if an MLS didn’t want to adopt a mandatory NAR rule, the MLS would lose its NAR-provided errors and omissions insurance, Gansho said. Glass returned to the floor after Ketchmark to ask Goldberg to clarify a few points.

Realtors 448

Realtors Agents Clients Sellers 448

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.

Legal 148

Legal Real Estate Appraisal Valuation 148

Housing Wire

JANUARY 22, 2025

But a lack of action on lowering the loans initial mortgage insurance premium (IMIP) has helped make HECMs more profitable for FHA , but also more expensive for consumers, he said. Longbridge is currently engaged in a legal dispute with Mutual of Omaha Mortgage regarding marketing practices that Longbridge alleges are deceptive.

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Home Value Clients Legal Mortgage 396

Housing Wire

JUNE 27, 2023

The list includes potential irregularities regarding the Community Development Financial Institutions ( CDFI ) regulations, specifically a rule requiring lenders to provide annual documentation attesting that 60% of their loans go to the target markets certified by the U.S. Department of Treasury.

Investors 370

Investors Law Insurance Lending 370

Housing Wire

JANUARY 18, 2024

Myers, a former employee, and her new employer, Settlor, had taken, used and destroyed hundreds of Qualia’s confidential documents and proprietary materials. The plaintiff also states that as the former leader of the Resware team, Myers knew the value of the information she took.

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Contracts Government Business Marketing 448