Housing Wire

FEBRUARY 10, 2022

A Rocket Companies ’ investor filed a stockholder derivative complaint on Monday that accuses the company’s chairman of using non-public information to sell stocks and avoid material losses. The lawsuit, first reported by Reuters, was filed in the Delaware Chancery Court by an investor, Christopher Vargoshe. per share on May 6.

Investors 397

Investors Legal Investing Law 397

Housing Wire

SEPTEMBER 26, 2023

Before the acquisition by Mr. Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO).

Investors 434

Investors Lending Law Business 434

Appraisal Buzz

AUGUST 13, 2024

The CFPB has found that investors are targeting people of faith with predatory mortgage products that set the borrower up to fail,” said CFPB Director Rohit Chopra. They are set up so that, until all payments are made by the borrower, the seller is still in possession of the home legally. To read the full advisory opinion, click here.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

MARCH 19, 2025

On the other side of the debate is eXp Realty CEO Leo Pareja , who told investors and analysts listening to his firms Q4 2024 earnings call that those who dont abide by CCP are inviting a class-action lawsuit by sellers who get hurt in this very concentrated effort and maybe a visit from the DOJ. And I consider it to be misleading.

Realtors 216

Realtors Legal Sellers Law 216

Housing Wire

JULY 18, 2024

launched on Wednesday to serve international investors in U.S. ” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. .” Miami -based startup Waltz Inc. A digital U.S.

Finance 448

Finance Real Estate Investors Legal 448

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

Investing 435

Investing Legal Lending Landlords 435

Housing Wire

OCTOBER 30, 2024

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. The investors dropped their takeover bid on Nov.

Legal 482

Legal Investors Lending Finance 482

Housing Wire

JULY 16, 2024

Product Fast Facts #1 We deliver insights into property portfolios for investors, lenders, and mortgage servicers including various liens, valuations, equity, ownership confirmation, and more. #2 All transaction and property data are sourced automatically in the platform through an enhanced dashboard. Get More Info

Legal 448

Legal Valuation Tools Investors 448

Housing Wire

FEBRUARY 3, 2025

As recently as a year ago, the New York-based firm closed a $28 million Series D funding round from new and existing investors, including Gaingels, Moderne Ventures, QED Investors and Zillow co-founder Spencer Rascoff. The platform shut down its operations in early December 2024. In 2018, the company raised $3.5

Law 394

Law Lending Modernization Investors 394

Appraisal Buzz

SEPTEMBER 16, 2024

Ronald Chillemi has been appointed Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc. He will oversee the legal and compliance departments of the business in this capacity. Ron Chillemi, Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc. “We

Legal 195

Legal Technology Law Government 195

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

Housing Wire

AUGUST 13, 2024

Services that are legal, disclosed, and regulated cannot be ‘junk fees,’” the letter states. To justify the price of title insurance, ALTA noted all of the curative work that goes into clearing a title prior to closing, as well as the fact that title insurance provides policyholders with legal defense if their title is ever challenged.

Insurance 468

Insurance Mortgage Legal Government 468

Housing Wire

NOVEMBER 25, 2020

We are looking to conduct due diligence at the consummation of the mortgage for investors, then put that data onto a non-repudiation data base where any subsequent purchaser of that mortgage, if they can prove that they are the holder in due course, can come back and request the initial due diligence results and data sets.”.

Investors 501

Investors Legal Technology Clients 501

Housing Wire

JUNE 25, 2024

We are working with our attorneys on the legality of it and the very strong possibility of legal action,” Vincent said. The executives now know that the private equity company buying the MLS was formed in January, Vincent said. “We

Legal 435

Legal Realtors Investors Agents 435

Housing Wire

FEBRUARY 10, 2021

Perry brings 25 years of legal experience in the financial services industry, with expertise in fair housing and community development. While she assumes her new role, Nunnink will also continue most of her duties as vice president of multifamily investor relations.

Investors 529

Investors Development Legal Business 529

Appraisal Buzz

JUNE 28, 2024

“He is the strategic leader I have wanted to enable Stern & Eisenberg to grow our ability to assist our clients with their everyday legal needs while also allowing our attorneys to focus on providing creative legal solutions when needed.

Legal 395

Legal Law Real Estate Clients 395

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).

Investors 475

Investors Investing Real Estate Finance 475

Housing Wire

JUNE 1, 2021

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. How hybrid title and valuations help increase lending efficiency.

Renovations 516

Renovations Development Investors Legal 516

Housing Wire

NOVEMBER 17, 2023

The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles with Sculptor’s shareholders and founders, including Daniel S. Och, but the parties settled the cases in court.

Investors 435

Investors Real Estate Investing Legal 435

Appraisal Buzz

AUGUST 16, 2024

Kahane & Associates PA is a full-service law firm based in Sunrise, Florida, that represents secured and unsecured creditors and provides a full range of legal industry, from foreclosure and bankruptcy representation to litigation, evictions, collections, loss mitigation, and REO closings. Kahane Esq. , Kahane Esq. ,

Legal 397

Legal Law Clients Technology 397

Housing Wire

DECEMBER 13, 2024

The cost of a bad hand When selling a loan, lenders provide legal assurances to the government-sponsored enterprises ( GSE s) that guarantee the accuracy and completeness of the loan data, known as representations and warranties. Loan buybacks also harm investors by introducing volatility and diminishing returns. Whats in the cards?

Investors 370

Investors Legal Tools Legal Fees 370

Housing Wire

DECEMBER 30, 2022

For fix-and-flip investors, 2023 promises to be a very challenging year. Tack on higher costs for materials, labor and financing, and it’s clear that there’s little margin for error for investors pursuing a fix-and-flip strategy. Even then, investors shouldn’t be waiting for a surge of bank-owned properties to come to market.

Real Estate 508

Real Estate Investing Investors Legal 508

Housing Wire

JULY 19, 2024

Headquartered in Southern California , AscentDS will focus on providing customized financing solutions to single-family and multifamily housing developers and investors across the nation. Gibson Dunn was the legal adviser for AscentDS and WilmerHale was the adviser for Elliott.

Construction 459

Construction Development Finance Lending 459

Housing Wire

NOVEMBER 23, 2020

The report notes that widespread foreclosure moratoria in place do not apply to legally vacant or abandoned homes. In addition, the foreclosure sales rate is at a seven-year high, and REO bids-per-asset are at an all-time high. .

Buyers 533

Buyers Investors Real Estate Retail 533

Housing Wire

MARCH 22, 2021

As long as they can meet the licensing and financial requirements of the non-delegated correspondent investor, that broker can be the lender – giving them the ability to control their own destiny at the loan level, lose the requirement to disclose premium price rebates, expand their product lineup and be a more powerful recruiting machine.

Business 508

Business Lending Investors Sellers 508

Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. The AG’s office alleges that MV Realty informed its investors that the agreements were liens. Minnesota Attorney General Keith Ellison filed suit in late September in Ramsey County, charging MV Realty with unfair and deceptive trade practices.

Realty 448

Realty Contracts Legal Brokerage 448

Housing Wire

FEBRUARY 9, 2024

” Lenz has extensive experience helping companies navigate investments across different capital structures, as well as investor and legal affairs. Previously, Lenz served as a board member of Northern Oil and Gas , a publicly traded energy investment platform.

Real Estate 435

Real Estate Legal Investing Investors 435

Housing Wire

JULY 13, 2022

American Digital Title, in partnership with online real estate transaction platform Spruce , also a title company in which Munich RE is an investor, bills itself as “the newest truly national title insurance provider in the United States,” according to its announcement of the California expansion. Holding Corp.

Business 418

Business Insurance Real Estate Investors 418

Housing Wire

JUNE 15, 2021

Sprout said it intends to grow its retail channel through increased direct sales to consumers and residential investors, dedicated retail facilities, and joint ventures. It also appointed Laura LaRaia as chief legal officer. LaRaia was previously the chief legal officer and general counsel at First Guaranty Mortgage Corporation.

Retail 397

Retail Mortgage Legal Lending 397

Housing Wire

MARCH 14, 2024

Change and the Treasury Department went through a short-lived legal dispute after the lender sued the CDFI Fund for its “flawed analysis and mathematical errors,” leading to a decertification of Change Lending. The Treasury Department renewed the certification in February following a settlement agreement in November 2023.

Lending 448

Lending Renovations Legal Investors 448

Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. these funds continue to enrich only affiliated real estate agents, investors, brokers, and staff.” Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L.

Brokerage 511

Brokerage Legal Agents Realty 511

Housing Wire

JULY 14, 2022

Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes, is what our CEO told us.”.

Human Resources 418

Human Resources Investors Construction Legal 418

Housing Wire

FEBRUARY 3, 2025

Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc. Cooper Group mrcoopergroup.com/ Servicing Coppell, TX Mortgage Machine Services, Inc.

Mortgage 417

Mortgage Valuation Lending Technology 417

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.” At least for now, there is no GSE involved, but you’ll still need to bump your conditions against lender and investor guidelines and requirements.

Real Estate 532

Real Estate Mortgage Property Taxes Law 532

Housing Wire

DECEMBER 10, 2021

He previously called workers “dumb dolphins” in an email and had a lengthy history of legal issues in which he was accused of fraud and misleading investors, Forbes previously reported. It was hardly Garg’s only transgression as the head of the digital mortgage lender. billion valuation.

Legal 435

Legal Valuation Investors Mortgage 435

Housing Wire

OCTOBER 2, 2020

Nonbanks are intermediaries that originate loans to the terms of the ultimate investor. These investors included the GSEs, the Ginnie Mae programs, larger bank portfolios, and Wall Street firms. They sell all of their loans to investors. They are generally not balance sheet lenders. Nonbanks do not set the rules of lending.

Investors 528

Investors Government Lending Mortgage 528