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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Housing Wire

DECEMBER 18, 2023

Colgate Selden is an attorney, a partner at SeldenLindeke and has over 20 years of regulatory legal experience in government and as in-house and outside counsel, and also served as a founding member of the Consumer Financial Protection Bureau (CFPB) as senior counsel in its Office of Regulations.

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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.

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Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. The legal threat that looms largest is what’s known as the “Moehrl case.”

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Housing Wire

MARCH 22, 2021

I discerned, frankly, that these companies all had good legal counsel and would address their reply to this very unusual policy proclamation in their own way. Without question, the vibrant state of the U.S. mortgage industry drives the best in consumer options and experience. But as time has passed, I simply cannot let it go.

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Business Retail Mortgage Lending 539

Housing Wire

SEPTEMBER 15, 2020

“Signers only connect with a notary after completing several additional security measures, including personal identity challenge questions and credential analysis of their government-issued identification,” Kinsel said. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

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Housing Wire

MAY 29, 2024

In the mortgage space, loan officers, brokers and lenders are trying to figure out the best way to deal with this type of debt amid what they call a lack of guidance or transparency. Some BNPL providers report these loans to credit bureaus. I guess it really depends on the consumers and how well they adopt a system like this.”

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Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Tip for Agents: Double-check the property address before submitting it to the appraiser, ensuring it matches all marketing materials and legal documents.

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Appraisal Easement Real Estate Agent Valuation 76

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

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Housing Wire

AUGUST 31, 2022

For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending. As a result, servicing hiring kept increasing even after the height of mortgage defaults.

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Lending Mortgage Real Estate Loan Officers 397

PennyMac

AUGUST 31, 2024

During closing, you’ll need to carefully review, approve and sign numerous legal documents that officially transfer ownership of the property to you. The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction. Here are some of the steps completed prior to closing.

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Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Since 2016, legal immigration growth has declined by 40%.

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Insurance Construction Government Lending 397

AmeriMac

SEPTEMBER 1, 2021

In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC). These legal changes lead to a sharp increase in the use of AMCs. AMCs as a concept were developed in the 1970s.

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Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. The June 1, 2024 effective date was intended to provide advance notice to accommodate lenders’ and servicers’ internal governance processes. Was it the borrower? A Zillow Zestimate?

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AmeriMac

MARCH 15, 2024

Loan officers can focus on other aspects of the loan origination process, knowing that the appraisal process is being handled by qualified professionals. Regulatory Compliance: AMCs are well-versed in federal laws and regulations governing appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

PennyMac

JUNE 28, 2022

State laws will usually dictate who is legally responsible for overseeing the closing. The owner’s title insurance is optional but highly recommended by most legal experts. Property taxes are fees paid to the local government and are used to pay for public services. Speak to a Pennymac loan officer today to get started.

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Property Taxes Insurance Sellers Inspection 36

PennyMac

AUGUST 10, 2022

FHA loans are famous for their flexibility, but sometimes they come with requirements that both the borrower and the property owner must meet. Here’s how to know if an FHA loan is the right fit for you and your unique homeownership goals. What is an FHA Loan? An FHA loan sounds like a loan that comes from the FHA, right?

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Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. It’s been a racist part of the government that doesn’t care, because its view was: if you’re going to make safe loans, you should make them to white people.”

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Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. “The line of what is legal and illegal depends on who is running the CFPB,” Steve Murray, partner at RealTrends Consulting , said.

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Housing Wire

FEBRUARY 7, 2022

In California’s Contra Costa County, where the median home listing price is now $749,000, a loan officer priced a loan for a potential borrower with less-than-perfect credit, who had found a listing for $650,000. And although Fudge has repeatedly vowed to bring banks back to FHA, recent policy moves could drive them away.

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