Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

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Housing Wire

MARCH 17, 2025

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. Ultimately, Ginnie Maes authority treats mortgages as whole and indivisible as soon as they are included in the HMBS program.

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Government Law Legal Mortgage 361

Housing Wire

OCTOBER 15, 2024

The government-sponsored enterprise (GSE) said the Housing Choice Voucher program, which launched in 2022, assists very low-income families, seniors and people with disabilities in being able to afford stable and quality housing in the private market. The program was previously limited only to eligible properties in North Carolina and Texas.

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Landlords Tenants Property Management Legal 476

Housing Wire

SEPTEMBER 4, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Chillemi has more than 25 years of experience in regulatory affairs, government relations and compliance across a number of fintech companies and law firms.

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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). In the new filing issued on Feb.

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Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. 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.

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Mortgage Valuation Lending Technology 417

Housing Wire

MARCH 7, 2025

These financial agents would then be legally empowered to put a hold on suspicious spending and refer the case in question to law enforcement. The measure would train bank tellers and other bank employees; investment brokers and advisers; and others dealing with the finances of older New Yorkers, in how to spot exploitation, Newsday reported.

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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

JANUARY 8, 2021

For the system to work, mortgage-backed security investors need an efficient and verifiable means to know that all loans in their securities comply with this law, and originators and issuers want certainty that they are not running afoul of the Bureau. This approach has advantages: it’s simple, observable and verifiable.

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Housing Wire

MARCH 6, 2025

loanDepot founder and controlling shareholder Anthony Hsieh is returning to an operational role at the California-based mortgage lender and CEO Frank Martell is departing. In an announcement made Thursday, loanDepot said Hsieh, the company’s chairman of the board, has returned as executive chairman of mortgage operations.

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Housing Wire

AUGUST 13, 2024

The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. This request was in addition to the CFPB’s consideration of a ban on mortgage banks charging homebuyers for the lender’s title insurance policy. of the borrower’s total life-of-loan costs combined.”

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Insurance Mortgage Legal Government 468

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs. Attorney Carla Freedman said in a statement.

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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. Payments from the program being made on his mortgage will end on Jan.

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Housing Wire

MAY 4, 2022

Starting in March 2023, lenders for conventional mortgages will be required to furnish information about borrowers’ language preference and housing counseling, the agency said on Tuesday. But what the federal government will do with the data after it is collected is less clear. million to settle the charges.

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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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Government Mortgage Contracts Legal 459

Housing Wire

APRIL 5, 2022

But what does virtual real estate mean for real-world mortgage professionals? There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Is there demand for “mortgages” to buy virtual real estate in the Metaverse?

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Real Estate Mortgage Property Taxes Law 532

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 24, 2022

Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote. Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training.

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Government Appraisal Reconsideration of Value Lending 370

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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Mortgage Government Retail Lending 505

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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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

JANUARY 15, 2025

Title theft occurs when a criminal impersonates a property owner and sells or takes out a second mortgage on the owners property. 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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Law Real Property Insurance Training 397

Housing Wire

FEBRUARY 10, 2025

The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. 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.

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Modernization Legal Lending Loan Officers 259

Housing Wire

OCTOBER 25, 2024

In prior conversations with HousingWire ’s Reverse Mortgage Daily (RMD), leaders of equity sharing companies contend that their products are different from reverse mortgages largely because they are not debt-based instruments. Legal details The case, originally brought in Washington state court, is now playing out in federal court.

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Mortgage Law Legal Advertising 448

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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Legal Government Law Development 447

Housing Wire

JUNE 17, 2024

This is according to court filings reviewed by HousingWire ’s Reverse Mortgage Daily (RMD). 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.

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Government Mortgage Law Contracts 448

Housing Wire

MAY 20, 2021

The founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also the president of the Mortgage Bankers Association in the late 1990s, pleaded guilty to five counts of bank fraud, money laundering and false statements to a financial institution. billion for the government-sponsored entity.

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Mortgage Government Lending Insurance 480

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 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.” Attorneys for the U.S. This is according to court documents reviewed by RMD. The judge largely disagreed.

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Government Legal Law Development 468

Housing Wire

FEBRUARY 18, 2025

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Occasionally, U.S.-based Why make the trip? they explained.

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Contracts Advertising Real Estate Agent Mortgage 293

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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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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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. government.

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Lending Advertising Mortgage Law 397

Appraisal Buzz

NOVEMBER 8, 2024

The Five Star Conference is more than a conference; it is a community of like-minded professionals working towards the common goal of building a stronger mortgage industry. For 22 years, the Five Star Conference has been a trusted hub for like-minded professionals who share a common goal of advancing the mortgage industry.

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Government Law Real Estate Legal 221

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. Now, that simply isn’t the case, Giordano says.

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Mortgage Loan Officers Advertising Clients 435

Housing Wire

JANUARY 12, 2024

The court will decide whether or not national banks will be required to follow state-level laws governing escrow accounts’ accumulation of interest. New York’s state law, they say “doesn’t prevent national banks from making real-estate loans or providing mortgage-escrow services.

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Law Mortgage Government Real Estate 497

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. This week, Guild announced it has acquired Legacy Mortgage.

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Mortgage Retail Loan Officers Lending 370