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. . In operations, Amir Jafari will assume a new position created of head of finance and administration, overseeing areas like finance, people and legal. million in the third quarter of 2022.

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Housing Wire

MARCH 21, 2024

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week. Equifax did not immediately return a request for comment.

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Insurance Legal Finance Mortgage 435

Housing Wire

FEBRUARY 4, 2021

It will be financed through a combination of committed equity financing provided by funds managed by Stone Point Capital and Insight Partners, as well as committed debt financing provided by JPMorgan Securities. Strategies lenders should adopt from direct to consumer lending.

Legal 441

Legal Investors Lending Finance 441

Housing Wire

FEBRUARY 1, 2021

The Federal Housing Finance Agency appointed Clinton Jones as its new general counsel, saying this was the next step in turning the FHFA into a “world-class regulator.” Prior to joining the agency, he served for 24 years in various senior legal roles at the U.S. Since 2019, Jones has served as a senior advisor at FHFA.

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Housing Wire

APRIL 5, 2022

There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” To boot, one of the first financing transactions on record was made in January 2022 by technology firm TerraZero. Defining virtual real estate.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

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. In some markets, the answer is increasingly yes.

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HOA Insurance Legal Fees Valuation 370

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.”

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Construction Renovations Insurance Landlords 531

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , Treasury and introducing new technologies to the housing finance system. Founded in 1983, SVB specialized in banking for tech startups, providing financing for almost half of U.S.

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Insurance Government Design Finance 370

Housing Wire

APRIL 17, 2024

However, CPL Validations issues, including agent good standing, issuance limits or title file order registered in title insurer systems, recorded the largest increase, jumping 29.32%. of transactions having errors, as well as a higher rate of insurance coverage issues, at 2.2% up 60% compared to non-attorney only states.

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Insurance Agents Tools Legal 459

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

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

Landlords 386

Landlords Investing Tenants Construction 386

Housing Wire

SEPTEMBER 13, 2024

At the end of August, the District of Columbia Housing Finance Agency (DCHFA) announced that it had relaunched its Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which originally began in 2019 and expanded in 2020 before being halted at the end of 2021. We also partner with legal services to complete all settlements.

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Mortgage HOA Legal Property Taxes 418

Housing Wire

SEPTEMBER 13, 2023

The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice. Taxes, finance, insurance, and consumer product safety round out the top five.

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Realtors Insurance Legal Real Estate 385

Housing Wire

JANUARY 31, 2024

This is according to experts who spoke to personal finance website Bankrate about the concept of taking on a new mortgage in retirement. Seniors, even those of advanced age, are legally required to face the same qualification requirements as any other mortgage applicants. “I

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Property Taxes Mortgage Design Finance 379

Housing Wire

APRIL 20, 2021

Federal Housing Finance Agency Director Mark Calabria said the controversial amendments made to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements in late January should be just the start. That would be like if Wells said, ‘Well, we’ve got deposit insurance so who cares.'”

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Finance Investing Lending Legal 503

Housing Wire

JULY 26, 2024

Whether you’re a year away from selling or hoping to close in a few months, a timeline is important for all parties, especially if your family member needs to sell an existing home, secure financing, and arrange moving details. Discuss financing. Does your buyer need to secure a mortgage ? Are they buying with cash?

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Market Value Real Estate Agent Real Estate Finance 398

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.”.

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Law Valuation Legal Government 445

Housing Wire

MAY 13, 2024

But shocks to the mortgage market can deteriorate borrowers’ income, balance sheets and access to credit, affecting borrowers, government agencies, insurance companies and local governments. “I encourage Congress to remove any legal impediments to information sharing between Ginnie Mae and state regulators. .”

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Finance Government Mortgage Legal 431

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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Real Estate Insurance Law Real Estate Agent 427

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 384

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. What is a title in the context of real estate?

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Real Estate Legal Sellers Technology 359

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. Heirs also may not be able to reap the economic benefits of homeownership and build generational wealth if they cannot finance and transfer the property.

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Legal Law Property Taxes Government 427

Housing Wire

SEPTEMBER 2, 2022

Finance of America Reverse. Finance of America Mortgage. VP, All In One Loan Finance. Enact Mortgage Insurance. VP, Legal and Compliance. Senior Finance Project Director. Chief Administrative Officer. Andrew Lloyd. SVP, Infrastructure and Operations. April Steele. VP, Operations. Austin Ross. Brian Devlin.

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Retail Finance Realty Technology 332

Housing Wire

NOVEMBER 9, 2020

During the first six months of 2020, the Federal Housing Finance Agency reported that the volume of e-mortgages purchased by Fannie Mae and Freddie Mac spiked significantly. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral.

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Law Legal Technology Real Estate 467

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. Meanwhile, Jim Daras, who will also serve as president, will be the co-CEO for banking, capital markets, finance and risk activities. Applegate also served on the Fannie Mae Advisory Board.

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Human Resources Finance Legal Insurance 319

Housing Wire

JULY 19, 2022

billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. The FHFA asked the public to help it identify “barriers” to implementing fintech in the housing finance ecosystem. But that scenario is a long way off. billion in 2021, up from $0.4

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Mortgage Finance Technology Legal 357

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 316

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. Monique, can you tell us more about your background and how you entered the housing finance sector?

Legal 246

Legal Insurance Law Real Estate 246

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. housing finance industry and deserves a strong leader. For the first HW+ spotlight, we’re featuring Kris Kully, a partner at Mayer Brown. McCargo’s nomination.

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Finance Legal Training Development 323

Housing Wire

APRIL 9, 2024

In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. Alternatives to conventional financing are in demand, and in parallel, emerging players have created avenues for capital to join an efficient, rapidly-emerging, and fintech-driven asset class. Not if, but how big?

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Investors Investing Real Estate Finance 386

Housing Wire

AUGUST 22, 2024

We worked together during my days on the House Banking Committee, working to improve dealing with the federal flood insurance program. Let’s address these concerns: First, Steve’s argument presupposes buyers, especially those at the lower end of the income spectrum, can easily finance agent commissions through their mortgage.

Real Estate 285

Real Estate Sellers Legal Buyers 285

Housing Wire

OCTOBER 12, 2020

They need to not only help borrowers enter forbearance but are also required to reach out before the end of each forbearance period to determine the appropriate post-forbearance relief option based on investor/insurer waterfalls. The government response to COVID-19 has complicated this, as guidelines and requirements can change quickly.

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Legal Training Law Insurance 416

Housing Wire

OCTOBER 18, 2023

The Federal Reserve , Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released the proposed changes for the Basel endgame in late July, which significantly increases capital requirements for banks. .” He answered questions raised by Bob Brokesmit, president and CEO of the MBA.

Mortgage 349

Mortgage Legal Insurance Finance 349

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.

Legal 374

Legal Mortgage Contracts Insurance 374

Housing Wire

FEBRUARY 9, 2021

All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water. But are you doing it within the rules? Because like it or not, there are a lot of them.

Real Estate 493

Real Estate Technology Agents Sellers 493

Housing Wire

NOVEMBER 13, 2023

In recent years, the value proposition of title insurance has come under attack following Fannie Mae’s announcement that it would accept attorney opinion letters in lieu of title insurance, as well as Fannie Mae and Freddie Mac’s title waiver programs , which were eventually scrapped. “If

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Insurance Real Estate Agents Real Estate Agent 413

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.

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Realtors Agents Clients Sellers 432