Appraisal Buzz

SEPTEMBER 16, 2024

Ronald Chillemi has been appointed Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc. He will oversee the legal and compliance departments of the business in this capacity. Ron Chillemi, Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc. “We

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Legal Technology Law Government 195

Housing Wire

OCTOBER 2, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. Nonbanks are intermediaries that originate loans to the terms of the ultimate investor. These investors included the GSEs, the Ginnie Mae programs, larger bank portfolios, and Wall Street firms.

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Investors Government Lending Mortgage 528

Housing Wire

JANUARY 11, 2024

District Court for the Northern District of Texas , Ginnie Mae has filed its response to a lawsuit brought against it by Texas Capital Bank (TCB) saying the warehouse lender lacks standing and discounts the authority the government has to extinguish a lender from its reverse mortgage-backed securities program.

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Lending Government Legal Law 459

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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Real Estate Mortgage Property Taxes Law 532

Housing Wire

NOVEMBER 28, 2023

Decades ago, zoning laws were used to legally segregate local communities based on race. Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans. The Fair Housing Act made the explicit segregation of communities by race illegal.

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Appraisal Buzz

NOVEMBER 8, 2024

Pricing is as follows: General Admission: $595 Five Star Institute Membership Groups*: $495 *FORCE pricing varies based on membership level Mortgage Lender/Mortgage Servicer/Government: $99 Must be an employee of institutions that own or control the oversight and regulation of or the lending and servicing of real estate mortgages.

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Government Law Real Estate Legal 221

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

FEBRUARY 3, 2025

Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc.

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Mortgage Valuation Lending Technology 417

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. We also commend the whistleblower for coming forward, exposing these wrongs, and working with the government investigative team.”.

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Mortgage Government Retail Lending 505

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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Valuation Law Legal Government 448

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. The problem is we’re not backed by the government sponsored enterprises (GSEs). ” Kiavi has more than 300 employees, according to the firm’s website. “The

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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

DECEMBER 13, 2024

The cost of a bad hand When selling a loan, lenders provide legal assurances to the government-sponsored enterprises ( GSE s) that guarantee the accuracy and completeness of the loan data, known as representations and warranties. Loan buybacks also harm investors by introducing volatility and diminishing returns.

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Investors Legal Tools Legal Fees 370

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. The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.”

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Contracts Mortgage Law Sellers 482

Housing Wire

JUNE 7, 2021

“[Bozzomo] is adept at anticipating the needs of sophisticated institutional investors, lenders and attorneys, leveraging his wealth of knowledge that he’s built over his 17 years of experience,” Napolitano said. “He is a natural fit for the chief underwriting counsel position.

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Insurance Legal Retail Government 370

Housing Wire

MARCH 3, 2022

In essence, it means that the investor in a securitization deal is analyzing two things — one, the credit worthiness of the underlying assets and, two, the operational capacity of the deal structure to collect and remit according to the outlined requirements. . This legal construct is critical. They fulfill cash flows.

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Appraisal Buzz

MARCH 26, 2025

Keith Stone is a Dallas, Texas-based Realtor and Investor with the Keith Stone Real Estate Group. Stone completed his first real estate transaction as an investor more than 20 years ago, and the sense of joy and accomplishment has never left. and the 2025 Five Star Conference in Dallas on September 29-October 1.

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Real Estate Investors Construction Property Management 284

Housing Wire

DECEMBER 11, 2020

LendingHome , which focuses on lending to real estate investors, named Michael Bourque as CEO after he served as LendingHome’s chief operating officer and chief financial officer since joining the company in August 2018. The leadership change comes as Thomas Black, Jr. 31, when he will join Calvin Mann as counsel to the firm.

Lending 418

Lending Legal Clients Development 418

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans.

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Mortgage Retail Loan Officers Lending 370

Housing Wire

SEPTEMBER 2, 2022

OWNS seeks to generate income for investors while also serving a social mission of reducing the racial-wealth gap by creating homeownership opportunities for minority communities as well as supporting the growth of affordable housing generally. million shares outstanding at a market price of $17.80 CCM has invested over $3.9

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Marketing Investing Investors Development 482

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.

Renovations 370

Renovations Investors Retail Buyers 370

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.

Legal 459

Legal Training Law Insurance 459

Housing Wire

JULY 26, 2024

The committee voted 28-1 to approve the bill in its current form, which calls for $67 million for salaries and expenses related to the operations of the government-owned company. A broad base of MBS issuers is “vital to maintaining a competitive mortgage market and keeping mortgage costs as low as possible,” the letter said.

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Transportation Law Investing Government 476

Housing Wire

APRIL 20, 2022

eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. eNotes and eVaults deliver operational and cost efficiencies for originators, warehouse lenders, investors, custodians and trustees. within the mortgage ecosystem.

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Lending Investors Technology Business 396

Housing Wire

DECEMBER 14, 2023

The fees paid to the mortgage-backed security (MBS) investor and lender are next with the accumulated cost of the annual interest payments made to the investor(s) that purchased the MBS bond containing the mortgage, and the lender’s net origination charges at closing plus the accumulated value of the excess interest the lender charges for profit.

Insurance 459

Insurance Property Taxes Buyers Investors 459

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.

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Business Law Real Estate Investors 505

Housing Wire

JANUARY 11, 2024

I think you will agree that our primary focus must be on furthering the business of the association which means we are fully engages on the legal, business and advocacy challenges that are top priority to you and the clients that you serve.” Deval Patrick and again in 2019 by Gov. Charlie Baker.

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Realtors Real Estate Legal Law 448

Housing Wire

AUGUST 29, 2024

As investors, the real estate agents then received profit payments distributed based on their ownership interest. code, as the federal law governing these businesses, the Real Estate Settlement Procedures Act (RESPA), allows for affiliated business agreements that meet certain criteria. However, due to D.C.

Real Estate Agent 353

Real Estate Agent Insurance Real Estate Modernization 353

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 305

Housing Wire

FEBRUARY 2, 2024

Commissions, however, are to be disbursed within a “reasonable timeframe following the expiration of the investor recapture period published on the Company’s intranet,“ the letter read. Early payoff (EPO) fees serve as a means for investors to recoup a portion of their initially projected returns.

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Loan Officers Human Resources Law Lending 435

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. The revised PSPAs require that beginning Jan.

Investing 397

Investing Legal Business Mortgage 397

Housing Wire

JUNE 6, 2024

Adding the fiscal policy to that, Duncan said there’s more price sensitivity among investors in the U.S. The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved.

Mortgage 487

Mortgage Marketing Investors Legal 487

Housing Wire

SEPTEMBER 28, 2023

A 2012 Gallup Poll asserted that 58% of Americans preferred that the federal government take additional action to prevent foreclosures. This is a direct reaction to the surge of single family home purchases by investors seeking to subsequently rent those properties. This won’t just protect against legal or regulatory risk.

Legal 448

Legal Training Real Estate Business 448

Housing Wire

MAY 3, 2023

I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. The legal threat that looms largest is what’s known as the “Moehrl case.”

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Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

FEBRUARY 27, 2024

Despite these legal advancements, Black Americans still face challenges in achieving homeownership at rates comparable to other demographics. Why I see these issues the way I do I currently serve as CEO of a minority-owned asset management company focused on facilitating transactions that deliver high-yield returns for investors.

Real Estate 459

Real Estate Investors Business Lending 459

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, As these business practice changes begin Aug.

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Housing Market Marketing Mortgage Sellers 488

Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. And appraisal waivers would be informed, not blind.

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Appraisal Valuation Real Estate Modernization 370