Appraisal Buzz

AUGUST 16, 2024

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. ,

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Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program.

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Investors Development Legal Business 529

Housing Wire

JUNE 1, 2021

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. How hybrid title and valuations help increase lending efficiency.

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Renovations Development Investors Legal 516

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes, is what our CEO told us.”.

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Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. In today’s environment, homeowners are looking for new answers — and financing platforms — to solve that puzzle. The same story holds true for personal finance.

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Housing Wire

MARCH 14, 2024

Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options. Change Lending’s services include small-business loans and lines of credit, investor real estate loans, rehab loans and renovation loans, according to its website.

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Lending Renovations Legal Real Estate 373

Housing Wire

DECEMBER 30, 2022

For fix-and-flip investors, 2023 promises to be a very challenging year. Tack on higher costs for materials, labor and financing, and it’s clear that there’s little margin for error for investors pursuing a fix-and-flip strategy. Even then, investors shouldn’t be waiting for a surge of bank-owned properties to come to market.

Real Estate 486

Real Estate Investing Investors Legal 486

Housing Wire

AUGUST 13, 2024

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Homebuyers shouldn’t receive different levels of protection just because of the type of financing they use to purchase their homes.

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Housing Wire

JULY 14, 2021

The class action-seeking lawsuit, which was filed in the Eastern District Of Michigan’s Southern Division, alleges that Rocket was aware of factors that were already taking a toll on its business, while touting its future performance to investors.

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Law Investors Mortgage Legal 482

Housing Wire

JUNE 15, 2021

Sprout said it intends to grow its retail channel through increased direct sales to consumers and residential investors, dedicated retail facilities, and joint ventures. In April, the company announced that it had hired Infosys chief information officer and global director of real estate finance Henry Santos to be CIO.

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Housing Wire

APRIL 19, 2021

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox.

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Landlords Investing Tenants Construction 386

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.

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Real Estate Mortgage Property Taxes Law 532

Housing Wire

AUGUST 13, 2024

Services that are legal, disclosed, and regulated cannot be ‘junk fees,’” the letter states. To justify the price of title insurance, ALTA noted all of the curative work that goes into clearing a title prior to closing, as well as the fact that title insurance provides policyholders with legal defense if their title is ever challenged.

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Housing Wire

NOVEMBER 7, 2022

According to the document, Athas is winding down, effective immediately, but will honor loans in its pipeline that it’s legally obligated to fund. But in the current mortgage landscape, with crazy rate spreads and shy investors, non-QM can be a dangerous space. Since 2008, it has funded over 14,000 loans, reaching $5.5

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Lending Investors Business Mortgage 453

Housing Wire

NOVEMBER 9, 2023

4, with employees taking customer calls and payments, remitting to investors and onboarding new loans. At this time, however, it’s not possible to quantify the full extent of remediation and legal expenses. The cyber attack is not expected to bring a “material” impact on the company finances, Mr. Cooper said. Mr. Cooper had 4.3

Legal 409

Legal Law Finance Technology 409

Housing Wire

SEPTEMBER 27, 2022

The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac , has been granted summary judgment on the last remaining claim by investors in a lawsuit alleging the government overstepped its authority when it adjusted its stock-purchase agreements with the agencies and allowed net worth sweeps.

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Government Investors Law Finance 483

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.”. The post CFPB wants lenders to disclose reason for denial of credit appeared first on HousingWire.

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Housing Wire

NOVEMBER 17, 2023

The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles with Sculptor’s shareholders and founders, including Daniel S. Och, but the parties settled the cases in court.

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Housing Wire

JUNE 21, 2022

announced on Friday that it has decided to internalize the company’s management, a step that the real estate investment trust estimates will reduce its costs and potentially attract more institutional investors to its stock. New Residential Investment Corp.

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Investing Real Estate Investors Legal 350

Housing Wire

DECEMBER 10, 2021

He previously called workers “dumb dolphins” in an email and had a lengthy history of legal issues in which he was accused of fraud and misleading investors, Forbes previously reported. It was hardly Garg’s only transgression as the head of the digital mortgage lender. billion valuation.

Legal 434

Legal Valuation Investors Mortgage 434

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. She previously advised on solutions for complex corporate finance transactions with firms such as JPMorgan Chase. Perry joined Freddie Mac in 2011 to oversee the company’s fair lending program.

Investors 357

Investors Development Legal Business 357

Housing Wire

JULY 8, 2022

Two former employees are suing the Long Island-based Sprout, its affiliated company Recovco Mortgage Management LLC and chief executive officer Michael Strauss, alleging they laid off around 100 employees at the New York office on Wednesday without giving legally required written notice and failed to pay their paychecks due the following day.

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Mortgage Legal Investors Finance 459

Housing Wire

OCTOBER 24, 2024

As far as we are aware, this is the first time that an investor has offered these kinds of protections in the reverse mortgage space,” Pistone said in an interview with HousingWire ’s Reverse Mortgage Daily (RMD). “We We have been the fastest-growing wholesale investor in the space over the past couple of years,” he said. “If

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Client Relationships Clients Investors Business 398

Housing Wire

MARCH 3, 2022

There are many reasons why securitization works so well and why the ability to originate and finance a loan is as reliable as turning on your tap and knowing it will produce water. The end investor does not, for example, need to price the risk that the bond issuer itself becomes insolvent. This legal construct is critical.

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Investors Legal Architecture Investing 311

Housing Wire

JULY 19, 2022

Although investors have poured an increasing amount of money into fintechs — $1.7 billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less. But that scenario is a long way off. billion in 2021, up from $0.4

Mortgage 357

Mortgage Finance Technology Legal 357

Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. FundingShield also noted that data showed a concentration of higher fraud risk factors in states that are “attorney only,” meaning that the handling of title and settlement work is considered a legal product.

Insurance 459

Insurance Agents Tools Legal 459

Housing Wire

JULY 21, 2023

” Wu’s trilingual, all-female team comprises Olivia Marquez, a finance major with a background in luxury real estate; Isabelle Van Oppen, a UC Berkeley legal studies graduate with international investor clientele; and Michelle Pinner, who brings new development expertise.

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Brokerage Legal Clients Real Estate 277

Housing Wire

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau. This approach has advantages: it’s simple, observable and verifiable.

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Government Mortgage Finance Legal 260

Housing Wire

DECEMBER 11, 2020

Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce. In their new roles as co-managing partners, Graham will oversee all legal functions of the firm, while Shawn Black will manage the firm’s operations. The leadership change comes as Thomas Black, Jr.

Lending 336

Lending Legal Clients Development 336

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

JANUARY 13, 2021

12 conference call, Kelly explained that it had become “quite clear” in recent weeks that the Department of Justice was unwilling to work with Visa and Plaid to bring the legal action to “a timely and reasonable conclusion.”. Perret said Plaid will continue to collaborate with Visa as a strategic investor and partner.

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Investors Legal Valuation Finance 341

Housing Wire

JULY 14, 2022

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes.

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Renovations Investors Retail Buyers 324

Housing Wire

JULY 17, 2024

Under current guidelines, a buyer cannot finance the buyer’s agent commission into their mortgage, either. Consider, for example, the growing requirement of “First-Look” programs, which, in essence, prohibit investors from bidding on REO properties for the first 30 days. Now, it’s time for all of us to adapt.

Real Estate 493

Real Estate Agents Training Buyers 493

Housing Wire

OCTOBER 16, 2023

According to Katie Johnson, NAR’s Chief Legal Officer, jury selection started last week and should finish today. Named in the class action are NAR, RE/MAX , Anywhere , Keller Williams and Berkshire Hathaway HomeServices. “We are now anticipating opening arguments to begin on Tuesday, Oct.

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Buyers Brokerage Agents Realtors 479

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. on April 20.

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Marketing Mortgage Human Resources Clients 386

Housing Wire

SEPTEMBER 15, 2020

Digital notary platform Notarize also closed on a $35 million Series C round of funding in March, raising a total of $82 million with investments from real-estate focused venture capital firm Camber Creek , Boston-based Polaris Partners , and other existing strategic investors.

Business 468

Business Law Real Estate Investors 468

Housing Wire

MAY 13, 2022

Jacob Inwald, director of foreclosure prevention at Legal Services NYC , said although it has only been in effect about a year, Engel effectively allowed lenders to bring “ancient cases back from the dead.”. Investors that buy pools of loans – that will be the first domino that we will see fall in New York,” said McGrath.

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Law Legal Investors Government 287