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.” Section E: Yay, no government fees… for now! The IRS and government agencies haven’t provided guidance and regulation yet. Defining virtual real estate.

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Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan, Freddie Mac explained.

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Housing Wire

JUNE 7, 2021

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Before joining AmTrust, Bozzomo was senior vice president and managing counsel at Commonwealth Land Title Insurance Company.

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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.

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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. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB).

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Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

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Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The CFPB, a government watchdog agency, said lenders aren’t absolved from adverse action notice requirements under the Equal Credit Opportunity Act if they use complex algorithms, which Rohit Chopra, the director of the CFPB, has dubbed “black-box models.”.

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

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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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Housing Wire

JULY 10, 2024

Qualia surveyed 378 title and escrow professionals about their thoughts on AI usage and application in the title insurance industry. The biggest risks of AI usage, according to respondents, are increased or more sophisticated fraud attempts , data security issues, regularity or legal concerns, and ethical concerns.

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Housing Wire

JANUARY 15, 2025

Independent academic studies have largely challenged this conception, particularly for medicinal use , but the ongoing Schedule I classification means that in the eyes of the federal government, marijuana use is illegal and constitutes a criminal offense. My] third back surgery was in 2018.

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Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. In 1989, the first FHA-insured HECM was issued to Marjorie Mason of Fairway, Kansas, by the James B.

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Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. Two of the most powerful U.S.

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Housing Wire

DECEMBER 14, 2023

Homeowner’s insurance, the servicer, and even the GSE (the actual holder of the default risk on the mortgage), represent small overall costs by comparison. A title insurance policy protects homeowners from having to pay for the costs, legal and otherwise, of resolving any covered title claim that may reveal itself after the closing.

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Housing Wire

NOVEMBER 9, 2020

The FHFA reported the government sponsored entities expect e-mortgage purchases to increase in 2021. 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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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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Housing Wire

NOVEMBER 29, 2023

Given the numerous risks and challenges associated with heirs’ property and the higher incidence in low- to moderate-income communities, the American Land Title Association (ALTA) is committed to expanding awareness of heirs’ property and collaborating with industry and government partners to address this often-overlooked hurdle to wealth building.

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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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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.

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Housing Wire

JANUARY 15, 2025

Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.

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Housing Wire

FEBRUARY 27, 2023

government. Even after the 2015 law enforcement order, RMK continued to lie to military families by falsely implying government endorsement of its home loans,” CFPB Director Rohit Chopra said in a statement. RMK originated consumer mortgages, including mortgages guaranteed by the VA and mortgages insured by the FHA.

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Housing Wire

SEPTEMBER 17, 2024

former Federal Housing Financing Agency (FHFA) director Mark Calabria made the argument that a larger credit box has caused the government-sponsored enterprises (GSEs) to take on far more risk than they should be. “If you don’t fix them, the ability legally to take additional risk is constrained,” he said.

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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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Housing Wire

DECEMBER 21, 2020

The trade organization announced Elizabeth Blosser as its new vice president of government affairs. She ensured the association continued to provide networking and educational opportunities to the title insurance industry within the new platform. Finally, it named Emily Tryon its senior director of public policy and government affairs.

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Housing Wire

AUGUST 29, 2024

Four title insurance firms have agreed to pay nearly $3.3 code, as the federal law governing these businesses, the Real Estate Settlement Procedures Act (RESPA), allows for affiliated business agreements that meet certain criteria. million, $1 million, $325,000 and $65,000, respectively. However, due to D.C.

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Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Housing Wire

APRIL 27, 2021

The federal government is well aware that mortgage lenders and industry stakeholders are frustrated by the 7% cap on second homes and investment properties that was implemented as part of a broader series of amendments to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements.

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Housing Wire

MAY 20, 2021

billion for the government-sponsored entity. McCord used escrow accounts, meant to pay homeowners’ taxes and insurance premiums, to cover First Mortgage Company’s operating expenses. As part of the plea deal, the government agreed not to push for a sentence longer than 8.5 His company serviced about 12,000 loans worth $1.8

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Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Between the launch of FHA in 1934 and when President Lyndon B.

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Appraisal Buzz

JULY 17, 2024

An underutilized resource The VA home loan program was designed to assist veterans and their spouses achieve homeownership by offering perks for financing home purchases, including no down payment, no private mortgage insurance (PMI), and oftentimes, lower interest rates than conventional FHA loans.

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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.

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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. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

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Appraisal Buzz

SEPTEMBER 25, 2024

The Cantero case arose from New York General Obligations Law §5-601, which requires a minimum 2% interest to be paid on mortgage escrow accounts, maintained for payment of property taxes and insurance. Nelson, Florida Insurance Commissioner, et al., Lacewell v. OCC, 999 F.3d 3d 130, 135 (2d Cir.

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Housing Wire

MARCH 20, 2024

Buyer representation becomes mainstream The dramatic volume of lawsuits filed by aggrieved buyers highlighted the urgent need for change—a need our government in all of its infinite wisdom (sarcasm intended) failed to address at the time. These are areas where professional expertise is not just beneficial but essential.

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Housing Wire

APRIL 4, 2024

The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp. Kevin Stein, chief of legal and strategy at Rise Economy, said during the same session that the new CRA rules ignore some relevant topics.

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Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. In that model, the only marketing of foreclosure auctions is through notices in a local newspaper or legal publication.

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Housing Wire

AUGUST 8, 2024

Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So,

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