Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record. But Judge Matthew Kacsmaryk of the U.S.

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Housing Wire

MARCH 3, 2025

With the exception of two contracts related to “FD Online licenses and litigation data,” the bureau’s legal division was also ordered to terminate its contracts, Doe said in the affidavit. The officer contends that wholesale contract termination does not help prevent waste, fraud and abuse.

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Housing Wire

NOVEMBER 8, 2023

Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough. But the policy may still present a legal issue, as it requires listing agents to make an offer compensation, even if that offer of compensation is in fact nothing ($0), law professors said.

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Housing Wire

JUNE 12, 2024

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Housing Wire

FEBRUARY 24, 2025

The ongoing legal dispute between Texas Capital Bank (TCB) and Ginnie Mae added a new chapter this week. The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire s Reverse Mortgage Daily (RMD). 10 for all remaining claims in this case.

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Housing Wire

OCTOBER 28, 2024

While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.” Following the Aug.

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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 30, 2023

Attorney noted that we ‘took significant measures to stop the practices, both before and after being notified of the United States’ investigation,’ and that the settlement is ‘not an admission of any legal liability.’ Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

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Housing Wire

MAY 4, 2022

But what the federal government will do with the data after it is collected is less clear. ” Data collected from the form will be reported to the government sponsored enterprise purchasing the loan. The post FHFA language disclosure rule stokes fears of legal blowback appeared first on HousingWire.

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Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

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Housing Wire

NOVEMBER 12, 2024

based legal firm to complete a risk assessment of NAR’s current policies to determine if any of them pose future legal risks. It plans to use this information to help its governing body understand what it needs to do in the future to avoid further litigation over its rules. It also has brought in a Washington, D.C.

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Housing Wire

JANUARY 24, 2022

Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. The post The appraisal industry’s governance problem appeared first on HousingWire.

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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.

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Housing Wire

FEBRUARY 3, 2025

Have complaints been submitted that could impact any licenses or tickets from government-sponsored enterprises? Is there a potential pattern of questionable practices and activities based upon allegations filed with government organizations? Is the seller subject to a probationary review? Nettleingham is a shareholder at Maddin Hauser.

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Housing Wire

MARCH 6, 2025

We are deeply grateful for Franks steadfast leadership over the past three years and during this transition, Pam Patenaude, a board member who chairs the nominating and corporate governance committee, said in a statement. The leadership change also comes nearly two years after Hsieh settled a testy legal dispute with the board.

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Housing Wire

FEBRUARY 26, 2025

They discovered a high level of government involvement and a host of industry participants eager to chat with their professional counterparts from thousands of miles away. government involvement The NRMLA Annual Meeting in September 2024 featured several guests from the federal governments housing arm, the U.S.

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Housing Wire

MARCH 8, 2024

But government attorneys representing Ginnie Mae (GNMA) say that it doesn’t matter whether or not such verbal promises were made. District Court for the Northern District of Texas that verbal agreements are not legally binding and the case should be dismissed, according to court filings reviewed by RMD. Attorneys for the U.S.

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Housing Wire

JANUARY 8, 2021

The natural trajectory could be tightening of credit underwriting that disproportionally impacts some communities if uncertainty exists in the legal and regulatory requirements of the rule. The post The mortgage industry should build ATR rule governance appeared first on HousingWire.

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Housing Wire

NOVEMBER 18, 2022

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process.

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Appraisal Buzz

MARCH 11, 2025

He is also active with Five Stars Legal League , serving as Vice Chair of the Leagues Publications Committee, which helps curate content for The Legal League Quarterly Newsletter and other publications. Podmenik serves as General Counsel and Managing Partner-Southwest for the firm of McCarthy Holthus, LLP.

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Housing Wire

MARCH 11, 2025

Proposed changes New York is currently the only state that does not accept title insurance for government land purchases. That requirement has slowed transactions and created costly legal hurdles for land trusts and municipalities. 20, Hochuls administration included title insurance provisions in its budget amendments.

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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

APRIL 4, 2024

The federal judge overseeing a case brought by Texas Capital Bank (TCB) against Ginnie Mae has dismissed a portion of the bank’s complaint against the government-owned company but will allow the majority of the case to progress, according to court filings reviewed by RMD. Presiding Judge Matthew Kacsmaryk ruled in the U.S.

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Appraisal Buzz

SEPTEMBER 3, 2024

Ron Chillemi has joined non-bank HELOC provider Figure Technology Solutions as its first chief legal officer and corporate secretary, where he will oversee the company’s legal and compliance functions. Earlier in his career, Ron spent seventeen years as a prosecutor at three different levels of government.

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Housing Wire

AUGUST 6, 2024

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any related legal actions should take place.

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Housing Wire

APRIL 19, 2024

Government attorneys deny that TCB “is entitled to any of the relief sought in the complaint,” adding that they deny “[e]ach and every allegation, as well as all inferences, arguments, and legal conclusions based on them.” This is according to court documents reviewed by RMD. The judge largely disagreed.

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Appraisal Buzz

JANUARY 31, 2025

Legal League has assembled a full slate of informative sessions, to be presented by some of the top minds in the industry. The post Legal Leagues Spring Servicer Summit Set for March first appeared on The MortgagePoint. The post Legal Leagues Spring Servicer Summit Set for March appeared first on Appraisal Buzz.

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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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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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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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Housing Wire

NOVEMBER 9, 2023

In addition to the DOJ, real estate agent commissions may have caught the eye of yet another government agency. In the face of even more potential legal challenges, at least of the corporate defendants has looked to up its legal game. Solicitor General Paul Clement to its legal team. “I

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Housing Wire

MARCH 14, 2024

Hild and his legal team have consistently maintained that the restitution figure should be lower and, in the case of some companies, should be $0. Hild’s attorney conferred with the government on the matter and says it “objects to this request.” The government has yet to file a formal motion explaining its objections.

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Housing Wire

DECEMBER 19, 2023

High-profile government actions against some of the nation’s largest financial firms for alleged violations of fair lending laws and loan servicing principles have sent a sobering message to industry CEOs and their boards: the buck stops at the top. Just ask the ones who in the recent past have lost their jobs or faced reputational damage.

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Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty. Despite governing this issue, the code does not include a mandate for account matching.

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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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Appraisal Buzz

OCTOBER 29, 2024

In New York City, the Basement Apartments Safe for Everyone (BASE) Campaign advocates for legalizing and upgrading underground apartments, many of which qualify as interior ADUs. This program helps aging adults remain in their communities while providing extra income for homeowners.

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Housing Wire

JANUARY 15, 2025

Additionally, notaries are now required to confirm the identity of the document signer or affirmant through verification of a government-issued photo ID.

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