Housing Wire

APRIL 17, 2024

The portfolio of loans examined included residential, commercial investor and business purpose loans. However, CPL Validations issues, including agent good standing, issuance limits or title file order registered in title insurer systems, recorded the largest increase, jumping 29.32%. up 60% compared to non-attorney only states.

Insurance 459

Insurance Agents Tools Legal 459

Appraisal Buzz

JULY 31, 2024

a360inc , a technology solutions provider to law firms, title agencies, mortgage lenders and investors, has acquired ProVest , a market-leading service of process and litigation information services provider to the creditors’ rights legal industry. The post a360inc’s Investor Group Acquires ProVest appeared first on MortgageOrb.

Investors 195

Investors Legal Law Technology 195

Appraisal Buzz

JANUARY 3, 2025

Servicers tend not to take responsibility for what CFPB calls their shoddy customer service, laying the blame on investor requirements, processing volumes, or systems issues. VA has published guidance to remind holders and servicers of assumption guidelinesand weve outlined how VA will address any failure to comply with these requirements.

Legal 387

Legal Tenants Investors Mortgage 387

Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. or divest real estate agents from their ownership interests.

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Insurance Real Estate Agent Law Real Estate 405

Housing Wire

DECEMBER 14, 2023

The fees paid to the mortgage-backed security (MBS) investor and lender are next with the accumulated cost of the annual interest payments made to the investor(s) that purchased the MBS bond containing the mortgage, and the lender’s net origination charges at closing plus the accumulated value of the excess interest the lender charges for profit.

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Insurance Property Taxes Buyers Investors 423

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services.

Real Estate 414

Real Estate Legal Tenants Clients 414

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. It’s truly unbelievable and nauseating.

Mortgage 417

Mortgage Investors Legal Loan Officers 417

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The post CFPB wants lenders to disclose reason for denial of credit appeared first on HousingWire.

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Law Valuation Legal Government 445

Housing Wire

AUGUST 29, 2024

Four title insurance firms have agreed to pay nearly $3.3 As investors, the real estate agents then received profit payments distributed based on their ownership interest. He also noted that many of the investor agents referred less than half of their customers to their affiliated title business. However, due to D.C.

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Real Estate Agent Insurance Real Estate Law 294

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs).

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Investors Investing Real Estate Finance 386

Housing Wire

APRIL 19, 2021

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox.

Landlords 386

Landlords Investing Tenants Construction 386

Appraisal Buzz

DECEMBER 11, 2024

By streamlining field operations and actively collaborating with investors and insurers to refine completion timelines and inspection requirements, Safeguard continues to drive operational efficiency while aligning closely with stakeholder expectations. This helps us avoid delays, expedite bids, and reduce liability.

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Inspection Technology Insurance Training 396

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 502

Housing Wire

SEPTEMBER 4, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. The ML goes into effect on Sept. The updated rule builds upon several changes that FHA made to the HECM program on Jan. 19, 2017, which went into effect later that year. 19, 2017,” FHA said in its announcement.

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Mortgage Legal Development Insurance 404

Housing Wire

AUGUST 30, 2024

For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. Likewise, for FHA loans, you’d need to pass an Act of Congress, while Veterans would need to convince the Secretary of Veterans Affairs that a change is in the best interest of veterans, taxpayers, and investors.

Finance 390

Finance Buyers Agents Insurance 390

Housing Wire

JULY 14, 2022

It is counter to a popular and politically potent narrative grounded in the aftermath of the Great Recession, when large institutional investors scooped up thousands of properties at foreclosure auction. It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes.

Renovations 324

Renovations Investors Retail Buyers 324

Housing Wire

DECEMBER 14, 2020

million in a seed round from private investors. Investors in the latest series included BetterLife Group , Saturn Five , and Techstars – an entrepreneurial program that promises startups resources, legal support, mentorships and connections. “First-time home buyers are an important and overlooked segment of the U.S.

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Loan Officers Investors Legal Buyers 336

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. insurance companies, including home and auto providers. Register for the FinLedger Daily Newsletter.

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Business Law Real Estate Investors 468

Housing Wire

AUGUST 7, 2020

Before that Yankowski was president and CEO of Executive Title Insurance Services. With over 15 years of experience in the mortgage industry, Feliciano previously served as chief legal officer for DocMagic , where she also served as assistant general counsel.

Technology 283

Technology Law Lending Legal 283

Housing Wire

SEPTEMBER 15, 2023

Authorization : A digital loan file of record accessed by a broad range of trusted identities from lenders to guarantors to investors requires a permission structure. Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties.

Supply Chain 367

Supply Chain Technology Investors Legal 367

Housing Wire

OCTOBER 12, 2020

They need to not only help borrowers enter forbearance but are also required to reach out before the end of each forbearance period to determine the appropriate post-forbearance relief option based on investor/insurer waterfalls.

Legal 416

Legal Training Law Insurance 416

Housing Wire

FEBRUARY 9, 2021

All facets of real estate transactions, from appraisals and advice to financing and insuring, are highly regulated. Trying to innovate using an end-around will likely not only fail in the long run, but it may also land you in legal hot water. But are you doing it within the rules? Because like it or not, there are a lot of them.

Real Estate 493

Real Estate Technology Agents Sellers 493

Housing Wire

JANUARY 5, 2023

Typically, the company does not hold such loans for more than two weeks, instead selling them to a group of investors – including Sprout Mortgage. Former employees accuse the company of retroactively cutting off their health insurance on May 1, 2022 without prior communication.

Insurance 409

Insurance Loan Officers Mortgage Business 409

Housing Wire

MARCH 11, 2022

The brilliant sunshine outside the Miami Beach Convention Center was matched by summit attendees who effused that crypto assets and blockchain technology will enter into residential real estate and benefit agents, investors, and tech wheelers-and-dealers alike. We’re giving power to the people,” said Natalia Karayaneva, CEO of Propy. (The

Real Estate 339

Real Estate Real Estate Agent Agents Insurance 339

Housing Wire

NOVEMBER 2, 2023

Former employees accused Strauss of not paying salaries and suspending their health insurance coverage retroactively despite collecting contributions from paychecks. The SEC said the executive caused losses to investors after engaging in a pattern of false and misleading claims at American Home Mortgage Investment Corp.

Business 434

Business Loan Officers Law Mortgage 434

Housing Wire

APRIL 27, 2021

I do want to clarify because I think there’s often some misperceptions out there, and to say, the PSPA are lines of credit, Fannie and Freddie cannot legally knowingly take risk against PSPAs. That would be like if Wells [Fargo] said, ‘Well, we’ve got deposit insurance so who cares.’”. billion.”.

Investing 397

Investing Legal Business Mortgage 397

Housing Wire

JULY 19, 2022

Although investors have poured an increasing amount of money into fintechs — $1.7 Agencies with existing fintech offices include the Federal Deposit Insurance Corporation , the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau. But that scenario is a long way off. billion in 2021, up from $0.4

Mortgage 357

Mortgage Finance Technology Legal 357

Housing Wire

FEBRUARY 27, 2024

The practice of redlining , initiated in the 1930s, where banks and insurers refused services to entire neighborhoods based on racial composition, further entrenched these disparities. Despite these legal advancements, Black Americans still face challenges in achieving homeownership at rates comparable to other demographics.

Real Estate 427

Real Estate Investors Business Lending 427

Housing Wire

JUNE 27, 2023

The lawsuit cites potential securities fraud when investors are induced to purchase the lender’s loans in the secondary market based on the false representations on the borrowers’ profiles. The lender claims that since becoming a CDFI in 2018, it has funded over $25 billion in loans to more than 75,000 families.

Investors 305

Investors Law Insurance Lending 305

Padove Appraisal Service

FEBRUARY 24, 2023

Legal proceedings: An appraisal can be useful in legal proceedings, such as divorce settlements, where the value of a property needs to be determined. Investment analysis: Real estate investors may use appraisals to evaluate the potential return on investment for a property.

Appraisal 148

Appraisal Property Taxes Insurance Market Value 148

Housing Wire

JUNE 6, 2024

Adding the fiscal policy to that, Duncan said there’s more price sensitivity among investors in the U.S. In addition, I was reading a newsletter, and the analyst was looking at who are the investors in Treasury. Foreign investors were around 30% of Treasury holdings total. But to me, it’s an excess of information.”

Mortgage 400

Mortgage Marketing Investors Legal 400

Housing Wire

AUGUST 8, 2024

The other thing we are looking at is that the people who would really benefit from lower transaction costs are those who buy and sell homes at scale, which are the big investors. So, an unintended consequence of this is that the people who benefit are the big players and not people like first-time homebuyers.”

Housing Market 446

Housing Market Marketing Mortgage Sellers 446

Housing Wire

APRIL 9, 2024

Worse, in the case of a single family rental investor seeking to purchase a home to rent to others but failing to realize strict leasing prohibitions imposed by an HOA, it can lead to minor disasters. Despite of that rapid growth, we still see way too much key mashing, stare-and-compare and voice mail tag.

HOA 379

HOA Real Estate Technology Investors 379

Cleveland Appraisal Blog

AUGUST 25, 2022

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. When you run a business, and owning rental property is a business , you’re almost always better off forming a legal business structure. It starts with managing your budget but also includes understanding which upgrades make a space more desirable. Questions?

Investing 332

Investing Renovations Landlords Real Estate 332

Appraisal Buzz

AUGUST 19, 2024

Bymel, a real estate investor and broker for more than 20 years, who serves as CEO of First Lien Capital LP, a privately owned distressed mortgage investment platform he founded in 2021 which owns over 700 residential mortgages and REOs in more than 30 states valued at greater than $100 million.

Real Estate 221

Real Estate Legal Development Investors 221

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. Therefore it should apply to investor units and LLCs.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Buzz

JUNE 21, 2024

Meet the speakers Lisa Banal , Executive Director and Assistant General Counsel in JPMorgan Chase Bank, supports the default servicing legal team and is responsible for providing legal advice to the residential mortgage loan servicing business relating to Regulation X and loss mitigation.

Law 195

Law Property Management Technology Legal 195