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Treasury halts business ownership information reporting

Housing Wire

Department of the Treasury announced that it will not be handing down penalties stemming from violations of the beneficial ownership information (BOI) reporting rule as part of the Corporate Transparency Act (CTA). It also will not enforce any penalties or fines against U.S. This rule, which goes into effect Dec.

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Georgia looks to protect residents from title theft with new law

Housing Wire

Brian Kemp signed a new law, which went into effect at the start of the year, that creates a spate of new requirements for those filing property-related documents and notaries involved in electronic document filing. In the worst-case scenario, the home goes into foreclosure and/or is deeded to a new purchaser.

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Matthew Cenedella takes CFO post at NAR

Housing Wire

He also served on NARs Investment Advisory Board and Real Property Operations Committee, and he was the secretary-treasurer of the REALTORS Relief Foundation. Pierpoint has served NAR for nearly four decades, including serving as CFO and as a staff executive to NARs Finance Committee for 20 years.

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. The devil is in the details when it comes to due diligence.

Mortgage 418
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Wells Fargo, CoreLogic partner on real estate tax processing operations

Housing Wire

Wells Fargo and information services company CoreLogic partnered on real estate tax processing operations to enhance risk management, compliance and customer experiences in the mortgage servicing sector. The data company’s clients include mortgage lenders, real estate brokers and property management companies.

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New York Gov. Hochul signs bill giving flood risk ‘right to know’ to homebuyers

Housing Wire

Assembly Bill A1967 “requires disclosure of information concerning flood insurance on property condition disclosure statements [and] relates to liability with respect to property disclosures,” according to the bill’s official description on the New York State Assembly website.

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. The world is a dangerous place for appraisers.

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