Housing Wire

AUGUST 8, 2024

The suit, which is named after its plaintiff Scott Davis, was filed in late May in the Eastern District of Pennsylvania on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representing the plaintiffs in the Batton suits. All other state law claims must therefore be dismissed.” Illinois, 431 U.S.

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Housing Wire

NOVEMBER 25, 2024

It bears a close resemblance to prior restrictions among competitors that courts have found to violate the antitrust laws in other proceedings and could limit — rather than enhance — competition for buyers among buyer brokers,” the DOJ wrote.

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Housing Wire

OCTOBER 21, 2024

Under federal law, mortgage lenders are required to work at arm’s length during the appraisal process, partnering with independent appraisal management companies who assign the work to state-licensed professional appraisers,” a spokesperson for Rocket told HousingWire.

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Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

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Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). All California municipalities are mandated by state law to have a preapproval process for ADU plans by Jan.

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Housing Wire

JUNE 20, 2024

The eligible deduction was lowered from total mortgage balances of $1 million under prior law to $750,000. The 2017 law also made interest from home equity loans non-deductible except for when the money is applied to home improvements or renovations.

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Housing Wire

SEPTEMBER 4, 2024

district court judge said that it had recently come to her attention that the spouse of a person related to her within the third degree of relationship is a partner at a law firm that represents a defendant in the suits. In the filing, the Chicago -based U.S. Due to this, she was recusing herself. “My

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Housing Wire

NOVEMBER 26, 2024

In its statement of interest, the DOJ claims that the “provision itself raises independent concerns under the antitrust laws,” and that the agreements have the potential to “limit how brokers compete for clients.” Despite its rebuttal against these claims, NAR does not deny that the DOJ could potentially take action against it in the future.

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Housing Wire

MAY 3, 2024

A bill that will permanently allow for remote reverse mortgage counseling via telephone or video conferencing services in the state of Massachusetts has been signed into law by Gov. I am thrilled that a policy I have championed since taking office is now the law in Massachusetts,” Rep. Looking ahead When reached by RMD, Rep.

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Housing Wire

JUNE 3, 2024

The Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank financial companies that violate consumer laws, aiming to avoid recidivism trends. It requires lenders caught violating consumer law to report certain final agency and court orders and judgments, including consent and stipulated orders. .

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Housing Wire

JUNE 14, 2024

Last month, an independent investigation by Cleary Gottlieb Steen & Hamilton LLP , a New York-based law firm, “confirmed a workplace culture rife with pervasive sexual misconduct, discrimination and retaliation,“ according to reporting from Politico.

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Housing Wire

MAY 20, 2024

“The offering will be made solely by means of a private placement to qualified institutional buyers,” the announcement said, and have not and are not expected to be “registered under the Securities Act or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S.

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Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims. The CFPB’s order will put the CEO’s pay at risk if Fay continues to break the law.”

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Housing Wire

JULY 29, 2024

The mortgage world is fast-paced and constantly evolving, driven by shifts in laws and economic conditions. From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process.

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Housing Wire

SEPTEMBER 11, 2024

While AI is poised to expand its influence in the mortgage and real estate industries, policymakers and regulators have warned that a lack of regulatory oversight may run afoul of existing laws on civil rights, fair competition, consumer protection and equal opportunity. In a recent comment to the U.S. In a recent comment to the U.S.

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Appraisal Buzz

DECEMBER 19, 2024

Legal League is a professional association of financial services law firms spread out across the U.S. Managing Attorney with IDEA Law Group LLC, and Chair of Legal Leagues SIWG; Michelle Garcia Gilbert Esq. Founder and Managing Attorney with Van Ness Law Firm PLC, and SIWG Member. Hladik Esq. Anthony Van Ness Esq.

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Appraisal Buzz

OCTOBER 8, 2024

Legal League , the premier professional association of financial services law firms in the U.S. Anthony Van Ness , Founder and Managing Partner of Van Ness Law Firm, and Roy Diaz , Managing Shareholder of Diaz Anselmo & Associates PA have been reelected to the Legal League’s Advisory Council.

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Housing Wire

OCTOBER 25, 2024

Court of Appeals for the Ninth Circuit features plaintiffs who argue that they are — at least under Washington state law. They also claim that the plaintiffs have created a term to describe their agreement — an “equitable reverse mortgage loan” — which Unison attorneys say has “never been used in the annals of American law.” “The

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Mortgage Law Legal Advertising 448

Housing Wire

OCTOBER 2, 2024

As part of the broader community operating within the service area of the Massachusetts Bay Transportation Authority (MBTA), the affluent Boston suburb of Milton — with a population of roughly 29,000 people — was directed to comply with a new state law requiring the construction of new multifamily housing units in areas served by public transit.

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Law Transportation Construction Development 432

Housing Wire

OCTOBER 9, 2024

But the law also “fails to define what ‘without authorization’ means,” according to the National Association of Criminal Defense Lawyers. Putting aside the inaccuracies in Move’s theory, Move’s complaint also fails as a matter of law,” Boxer wrote.

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Appraisal Buzz

DECEMBER 6, 2024

This data underscores the financial viability of manufactured housing, which has historically faced negative perceptions and restrictive zoning laws. The analysis highlights how outdated zoning laws and negative stereotypes continue to hinder the potential of manufactured homes as an affordable option.

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Housing Wire

OCTOBER 21, 2024

District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

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Housing Wire

JUNE 4, 2024

A common issue is adding a general liability waiver to protect companies from suits when some states have laws with exemptions to these waivers. Federal and state laws ban a host of coercive contract clauses that censor and restrict individual freedoms and rights,” CFPB Director Rohit Chopra said in a prepared statement.

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Housing Wire

SEPTEMBER 6, 2024

So, I don’t think what the AG did is in the spirit of the law and is certainly not in line with what the Department of Insurance has done over the years.” You have to be very mindful of state law, state regulations and the mood of the regulators in those states. the Department of Insurance cannot repeal a law enacted by the D.C.

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Housing Wire

NOVEMBER 29, 2024

StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. .” Nationally, middle housing grew by 11.3% from 2005 to 2023 — the lowest inventory increase among all property types.

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Inventory Construction Law Development 394

Housing Wire

APRIL 26, 2024

This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S. The Energy Independence and Security Act of 2007, signed into law by President George W. Department of Energy (DOE) and HUD itself.

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Housing Wire

OCTOBER 24, 2024

It makes no exceptions for joint ventures of affiliated businesses and the AG’s office found these companies to be in violation of local law. Universal’s business plan violated core free market principles — limiting customers’ choices and putting law-abiding competitors at a disadvantage.” Section 31-5031.15

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Housing Wire

OCTOBER 8, 2024

Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of income.” In 2019, California Gov.

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Housing Wire

AUGUST 26, 2024

The complaint also alleges that the defendants have “consistently failed and refused to properly train, screen, conduct background checks, supervise, reprimand, direct and instruct” their senior management in “a manner at or above the standard of care in accordance” with their policies and the laws of their respective home states.

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Housing Wire

OCTOBER 17, 2024

2,500 $35,000 $1 Million If you guessed one million dollars, then kudos to you, yet the real winners when it comes to fair housing laws are those who uphold them. Surely, there is a place for correction, penalties, and restitution when laws are broken but there is more buy-in when we emphasize the “carrot cake” motivation theory.

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Housing Wire

JULY 3, 2024

District Court in Philadelphia on behalf of Davis by attorneys at Korein Tillery LLC , the same law firm representing the plaintiffs in the Batton suits. But the brokerage firm is once again finding itself under fire after homebuyer plaintiff Scott Davis filed a suit against the firm’s parent company, Hanna Holdings , on May 31.

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Law Real Estate Realtors Buyers 394

Housing Wire

AUGUST 5, 2024

Signed into law on July 29, the budget features support for several aging-specific programs advocated for by AARP. The law, which had been passed in 2010 and on the books since 2014, had created challenges for the state’s seniors to reach their counseling sessions. Maura Healey (D) has signed a $57.8

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Housing Wire

AUGUST 22, 2024

Wood, who is overseeing the Batton suits, ruled that the “plaintiff lacks antitrust standing to pursue this claim because he is not an efficient enforcer of the antitrust laws.” “Not In their motion to dismiss, the defendants note that Judge Andrea R.

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Housing Wire

SEPTEMBER 20, 2024

This is a bill that Congress must pass each year, since it refers to laws that specify the annual budget for the U.S. We urge the House and Senate to pass the conference report to the NDAA and for the president to quickly sign this into law.” Department of Defense (DOD). The response was also positive from the Broker Action Coalition.

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Housing Wire

SEPTEMBER 9, 2024

.” He continued: “We’re especially interested in the costs and time taken to refinance a mortgage that are exclusively related to complying with federal mortgage law, rather than steps that may be demanded by investors for other reasons.

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Mortgage Law Technology Investors 476

Housing Wire

MAY 29, 2024

In regions with anti-discrimination laws tied to sexual orientation or gender identity, the income required to afford a median-priced home rises to $150,364 — nearly 47% more than the $102,435 needed in areas without such protections. worker, and face discrimination while shopping for homes despite laws that prohibit it.”

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Law Housing Market Finance Marketing 397

Appraisal Buzz

AUGUST 7, 2024

New York Attorney General Letitia James recently enacted a new law establishing deed theft as a crime and expanding the Office of the Attorney General’s (OAG) ability to prosecute deed theft. Under previous law in New York state, deed theft itself was not a crime.

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