Housing Wire

MAY 4, 2022

The Federal Housing Finance Agency will now require lenders to provide data on borrowers’ language preferences in order to sell loans to Fannie Mae and Freddie Mac , a move which could invite fair lending lawsuits. But what the federal government will do with the data after it is collected is less clear. FHFA declined to comment.

Legal 397

Legal Lending Government Loan Officers 397

Housing Wire

DECEMBER 7, 2021

In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act. ECOA prohibits reverse redlining — targeting minority communities for predatory lending — but Congress amended the statute in 1976 to allow for special purpose credit programs. Last year, the CFPB provided guidance on how to craft the programs.

Lending 468

Lending Law Design Government 468

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.

Mortgage 418

Mortgage Contracts Insurance Sellers 418

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.

Mortgage 321

Mortgage Government Development Business 321

Housing Wire

FEBRUARY 27, 2023

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015. government.

Lending 397

Lending Advertising Mortgage Law 397

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.

Lending 459

Lending Government Legal Law 459

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 397

Lending Technology Tools Loan Officers 397

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. The post The appraisal industry’s governance problem appeared first on HousingWire.

Government 370

Government Appraisal Reconsideration of Value Lending 370

Housing Wire

FEBRUARY 3, 2025

More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.

Mortgage 417

Mortgage Valuation Lending Technology 417

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

Real Estate 418

Real Estate Brokerage Lending Mortgage 418

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.

Supply Chain 435

Supply Chain Legal Law Lending 435

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.

Government 459

Government Mortgage Contracts Legal 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.” Lending is lending. Similar to consumer lending, you may consider a simplified tradeline-level AUS scorecard to deliver an instant decision to applicant(s).

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

FEBRUARY 10, 2025

Even if the CFPB remains inactive, the statutes governing our industry remain fully enforceable. If IMB executives fail to recognize this, they may risk legal and financial consequences. 1639b), the Secure and Fair Enforcement for Mortgage Licensing Act ( SAFE Act ), and the Truth in Lending Act ( TILA ) remain fully enforceable.

Modernization 231

Modernization Legal Lending Loan Officers 231

Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S.

Government 542

Government Lending Development Legal 542

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 487

Technology Lending Government Legal 487

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.

Legal 195

Legal Technology Government Modernization 195

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.

Insurance 468

Insurance Mortgage Legal Government 468

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.

Legal 195

Legal Law Lending Government 195

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.”.

Mortgage 505

Mortgage Government Retail Lending 505

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

Legal 195

Legal Technology Law Government 195

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.

Government 221

Government Law Real Estate Legal 221

Housing Wire

FEBRUARY 14, 2022

Heidi brings deep expertise in areas across the legal spectrum, including in mortgage lending, servicing, credit access and regulatory matters, among others,” said Michael DeVito, CEO of Freddie Mac. “I Weiss was the fifth-highest earning named executive officer at Freddie Mac in 2021, with a total compensation of $2.3

Legal 370

Legal Law Lending Development 370

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.”.

Valuation 448

Valuation Law Legal Government 448

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.”

Contracts 482

Contracts Mortgage Law Sellers 482

Housing Wire

OCTOBER 2, 2020

The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. The nonbank servicing model grew at the behest of the federal government and the GSEs and more. Nonbanks do not set the rules of lending. It began because mostly larger banks simply could not meet the challenge.

Investors 528

Investors Government Lending Mortgage 528

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. ,

Legal 397

Legal Law Clients Technology 397

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). These disclosures include the annual percentage rate and payment schedules.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

MARCH 21, 2022

Chambliss is currently the deputy general counsel for mission and anti-predatory lending at the enterprise. In that role he gives legal and regulatory advice on activities connected with fulfilling Freddie Mac’s mission. He also oversees Freddie Mac’s anti-predatory lending efforts. At Fannie Mae, 4.0%

Human Resources 370

Human Resources Government Lending Finance 370

Housing Wire

JUNE 1, 2021

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. How hybrid title and valuations help increase lending efficiency. Developers, lenders or local governments could compete for the funds through an application process. Streamline by combining services.

Renovations 516

Renovations Development Investors Legal 516

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

JUNE 17, 2024

The government contends that by filing the case in Amarillo instead of Dallas, TCB has violated a “forum selection clause” in its tail agreement with Reverse Mortgage Funding (RMF), the agreement at the center of the dispute. The government made the filing Saturday, June 15.

Government 448

Government Mortgage Law Contracts 448

Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income.

Legal 526

Legal Law Government Lending 526

Housing Wire

JULY 14, 2022

“The problem is we’re not backed by the government sponsored enterprises (GSEs). Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . . Of the 39 employees laid off, 12 cuts hit the human resources team.

Human Resources 418

Human Resources Investors Construction Legal 418

Housing Wire

MAY 20, 2021

He set his sights on CapLOC , a North Carolina-based mortgage lending business, and tried to sell CapLOC First Mortgage Company’s lending arm for a quick buck. billion for the government-sponsored entity. As part of the plea deal, the government agreed not to push for a sentence longer than 8.5

Mortgage 479

Mortgage Government Lending Insurance 479

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 merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

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.

Property Taxes 434

Property Taxes Government Legal Insurance 434