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What Metaverse real estate means for mortgage professionals

Housing Wire

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Defining virtual real estate.

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How the title industry is addressing the negative effects of heirs’ property

Housing Wire

Given the numerous risks and challenges associated with heirs’ property and the higher incidence in low- to moderate-income communities, the American Land Title Association (ALTA) is committed to expanding awareness of heirs’ property and collaborating with industry and government partners to address this often-overlooked hurdle to wealth building.

Legal 427
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CFPB Acts Against Contract-for-Deed Investors Targeting Low-Income Borrowers

Appraisal Buzz

The government is taking action to ensure that these products do not turn the dream of homeownership into a nightmare.” They are set up so that, until all payments are made by the borrower, the seller is still in possession of the home legally.

Contracts 367
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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. PACE loans caused borrowers property taxes to increase by about $2,700 per year or an 88% increase, according to the CFPB.

Mortgage 312
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Highly leveraged loans on the GSEs’ books are a real fiscal danger, Calabria argues

Housing Wire

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.

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Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. It’s notable, for example, that any discussion about taxes and government fees baked into closing costs has been absent in this debate.

Insurance 423
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States are making ADUs easier to build. Now it’s up to municipalities to follow suit.

Housing Wire

Ultimately, though, local governments remain the key gatekeepers when it comes to ADU liberalization. In 2024 alone, Colorado, Arizona, Massachusetts, and Hawaii passed major ADU legislation, and California added several laws to open the doors wider for ADU s. But first, the good news.

Law 383