Housing Wire

SEPTEMBER 27, 2023

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

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Law Real Estate Legal Insurance 436

Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. As part of the settlement, the firms agreed to end the practice of giving real estate agents consideration for the referral of title insurance business, and they will cease their title insurance operations in Washington, D.C.,

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Insurance Real Estate Agent Law Real Estate 460

Housing Wire

SEPTEMBER 24, 2024

aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). Lenders must ensure that the loans they take on are eligible for government insurance. No one is above the law,” she said. Nutter & Co. , government.

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Insurance Legal Government Law 261

Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty. In one of the cases cited by CertifID ( Otto v.

Real Estate 461

Real Estate Insurance Legal Training 461

Housing Wire

AUGUST 30, 2024

The Merriam-Webster dictionary defines fraud as the “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right,” and from identity theft to sweepstakes and investment scams, it can take countless forms at a high cost to consumers.

Real Estate 449

Real Estate Insurance Sellers Legal 449

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. a360inc says it will use the capital for innovation and to enhance service offerings.

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Investors Legal Law Technology 195

Housing Wire

AUGUST 29, 2024

Four title insurance firms have agreed to pay nearly $3.3 code, as the federal law governing these businesses, the Real Estate Settlement Procedures Act (RESPA), allows for affiliated business agreements that meet certain criteria. million, $1 million, $325,000 and $65,000, respectively. However, due to D.C.

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Real Estate Agent Insurance Real Estate Law 353

Housing Wire

APRIL 1, 2024

Originally announced late last year, the new rules seek to modernize the CRA — originally passed by Congress in 1977 and signed into law by President Jimmy Carter that October — by taking advancements including online and mobile banking into account, as well as by addressing systemic inequalities in access to credit.

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Modernization Law Lending Insurance 468

Housing Wire

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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Real Estate Agent Real Estate Agents Insurance 469

Housing Wire

AUGUST 6, 2021

The company, one of the “Big Four” title insurers, agreed to pay a $1.185 million penalty after California state regulators alleged that a marketing representative provided agents illegal perks such as video marketing and drone footage of listings with placement on social media sites, and bus caravans to promote listings.

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Agents Real Estate Agent Insurance Real Estate 461

Housing Wire

APRIL 5, 2022

There is a legal description. In Decentraland or Sandbox, for example, the legal descriptions are individual pixels (essentially code) that define the “parcels.” Today, the law is not yet clear on whether or not virtual land in the Metaverse is “actual” real estate. Defining virtual real estate. Each parcel is worth real money.

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Real Estate Mortgage Property Taxes Law 532

Housing Wire

NOVEMBER 19, 2024

The practice is legal, but customers often report receiving hundreds of calls, texts and emails. This version also permits solicitations initiated by the mortgage originator and servicer, and by insured depository institutions and credit unions with active consumer accounts. ” But they disagree with revisions to his amendment.

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Mortgage Legal Law Insurance 398

Appraisal Buzz

JULY 18, 2024

The agencies issuing the rule include the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve Board (FRB), National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC).

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Valuation Design Law Appraisal Process 221

Lamacchia Realty

DECEMBER 13, 2023

A REMINDER ABOUT SNOW REMOVAL LAWS Winter is fast approaching, which means the snow is soon to arrive! Here is a reminder of the crucial snow removal laws if you’re a property owner in Massachusetts , New Hampshire , or Connecticut! Some Massachusetts property owners are still unaware of this law that went into effect in July 2010.

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Law Real Estate Agent Legal Realty 71

Housing Wire

JANUARY 28, 2021

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

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Landlords Tenants Law Legal 489

Housing Wire

MARCH 14, 2022

in which title insurance companies are required by law to file reports identifying individuals who made all-cash real estate purchases exceeding $300,000 through shell companies. home purchases, there are plenty of legal and practical reasons for buying a home through an LLC or trust. trillion in existing home sales in 2021.

Real Estate 436

Real Estate Insurance Law Real Estate Agent 436

Housing Wire

DECEMBER 6, 2023

Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights. Natural disasters.

Real Estate 436

Real Estate Legal Tenants Clients 436

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law.

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Law Valuation Legal Government 450

Housing Wire

AUGUST 30, 2024

For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. For loans backed by Federal Housing Administration ( FHA ), it is a matter of law. This claim is misguided, oversimplifying a more complicated reality. Under the settlement, sellers can still compensate the buyer’s agent.

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Finance Buyers Agents Insurance 450

Empire Appraisal Group

DECEMBER 28, 2022

Does Adding an In-Law Suite Pay Off? Source: Does Adding an In-Law Suite Pay Off? If you can legally add an accessory dwelling unit (ADU), should you? NEW YORK – Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others.

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Law Legal Construction Property Taxes 78

Appraisal Buzz

JUNE 4, 2024

According to CFPB Circular 2024-03 , companies use fine print tactics to try to trick consumers into believing they have given up certain legal rights or protections. Federal and state laws ban a host of coercive contract clauses that censor and restrict individual freedoms and rights,” said CFPB Director Rohit Chopra.

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Contracts Law Mortgage Legal 390

Housing Wire

FEBRUARY 1, 2021

Clinton’s long-standing career in public service, in-depth legal expertise in housing policy and executive leadership skills will help bolster FHFA’s work as a world-class prudential regulator.”. Prior to joining the agency, he served for 24 years in various senior legal roles at the U.S.

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Appraisal Buzz

JULY 17, 2024

The House should quickly approve this bill so it can be signed into law.” million in legal services grants to a total of 108 public and non-profit organizations, all with the goal of increasing access to legal services for eligible U.S. Despite these benefits, only 13% of veterans ever utilize their VA home loan benefit.

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Housing Wire

JULY 12, 2024

It accused the lender of ”forging certifications and using unqualified underwriters to approve Federal Housing Administration (FHA) insured Home Equity Conversion Mortgages (HECM),” according to the original announcement. Proximate cause” is a way to determine the most direct cause of harm or violation of law.

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Housing Wire

NOVEMBER 29, 2023

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Finally, in the case of multiple undocumented heirs, there is a risk of tax sale if the parties disagree on who is responsible for taxes and the obligation is not set out legally.

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Legal Law Property Taxes Government 461

Housing Wire

NOVEMBER 9, 2020

In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles.

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Law Legal Technology Real Estate 469

Housing Wire

JUNE 30, 2023

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. Therefore, lenders must follow FHA and VA rules to ensure only loans that meet credit and underwriting criteria are insured or guaranteed by the government.

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Government Insurance Mortgage Legal 398

Housing Wire

FEBRUARY 17, 2021

This HousingWire Daily podcast transcription features an interview with Monique Winston , vice president-national business development executive and chair of the diversity and inclusion council at WFG National Title Insurance Company. And I found, to me, I found an industry that was as versatile as the law degree that I had.

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Legal Insurance Law Real Estate 265

Housing Wire

JULY 1, 2024

We are from time to time involved in, and may in the future be subject to, enforcement actions and private third-party claims arising from the laws to which we are subject,” the filing states. Many of these lawsuits have not been fully litigated, or have settled, resulting in a current state of uncertainty in the law.

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Advertising Technology Law Modernization 435

Housing Wire

APRIL 4, 2024

Federal Reserve vice chair for supervision Michael Barr said that the CRA rules were put in place in 1977 as part of a series of laws written in a way that permits bank agencies to meet periodically to revise them, as happened in 1995. The following day, Martin Gruenberg, chairman at the Federal Deposit Insurance Corp.

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Modernization Law Legal Landlords 329

Housing Wire

NOVEMBER 13, 2023

In recent years, the value proposition of title insurance has come under attack following Fannie Mae’s announcement that it would accept attorney opinion letters in lieu of title insurance, as well as Fannie Mae and Freddie Mac’s title waiver programs , which were eventually scrapped. “If

Insurance 450

Insurance Real Estate Agents Real Estate Agent 450

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.

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Law Property Management Legal Technology 195

Housing Wire

AUGUST 7, 2020

Before that Yankowski was president and CEO of Executive Title Insurance Services. Financial services law firm Garris Horn announced that mortgage attorney Melanie Feliciano has joined as a partner. Yankowski has more than 30 years of experience in the industry and was most recently senior division president at Stewart Title.

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Technology Law Lending Legal 329

Housing Wire

JANUARY 27, 2022

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. Two of the most powerful U.S.

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Insurance Government Law Real Estate Agent 398

Housing Wire

OCTOBER 1, 2020

The complaint announced on Friday alleges that in order to significantly increase its loan production, Nutter used unqualified underwriters lacking the requirements established by HUD to review and approve HECMs that Nutter ultimately insured with the FHA. When reached for comment, Edward T.

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Housing Wire

OCTOBER 24, 2023

Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team. ” However, if an MLS didn’t want to adopt a mandatory NAR rule, the MLS would lose its NAR-provided errors and omissions insurance, Gansho said. Glass returned to the floor after Ketchmark to ask Goldberg to clarify a few points.

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Realtors Agents Clients Sellers 450

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 Government 398