Housing Wire

DECEMBER 17, 2024

PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work. Homeowners deserve to know just how much they are paying when they put their home and financial future on the line.

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Mortgage Renovations Finance Property Taxes 396

Appraisal Buzz

JANUARY 6, 2025

While smaller than the 2,480-square-foot average of a for-sale home in 2021, these rentals strike a balance between affordability, zoning constraints, and modern living needs. This underscores how local zoning laws, land availability, and demand shape rental housing options across the country.

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Modernization Law Mortgage Appraisal 397

Housing Wire

APRIL 25, 2023

In a joint statement , the Civil Rights Division of the DOJ, CFPB, FTC, and EEOC outlined a commitment to enforcement of existing laws and regulations despite a lack of regulatory oversight currently in place regarding emerging AI technologies. Private and public entities use these [emerging A.I.]

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Law Tenants Technology Advertising 366

Housing Wire

MAY 5, 2022

The Office of the Comptroller of the Currency , the Federal Deposit Insurance Corporation and the Federal Reserve , which together proposed the changes to the CRA, so far have not suggested that any changes be made to how the law is applied to merger and other applications related to acquisitions and expansions.

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Modernization Lending Retail Law 370

Housing Wire

JULY 28, 2022

A total of 41 states to date have enacted laws enabling the use of remote online notarization. The House legislation complements those existing laws while also providing states the freedom to put in place their own RON standards. Additionally, the bill requires U.S. “The U.S.

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Law Modernization Mortgage Technology 529

Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

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Modernization Law Lending Insurance 468

Housing Wire

SEPTEMBER 21, 2020

“Today the Federal Reserve Board unanimously approved an advance notice of proposed rulemaking that would strengthen, clarify, and tailor the CRA regulation to better meet the law’s core purpose,” Lael Brainard, a member of the Fed’s Board of Governors , said in a speech to the Urban Institute following the release.

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Modernization Law Insurance Finance 468

Housing Wire

JANUARY 12, 2024

retirement conversation often focused on the increasing challenges of maintaining a quality of living into older age, a law passed by Congress in 2022 could be a positive sign. With much of the U.S. A]s pensions become rarer and Social Security benefits lose purchasing power, SECURE 2.0 retirement. By 2033, that age will rise again to 75.

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Law Modernization Finance 448

Housing Wire

SEPTEMBER 4, 2024

Chillemi has more than 25 years of experience in regulatory affairs, government relations and compliance across a number of fintech companies and law firms. In just a few years, Figure has become the number one nonbank HELOC provider, largely because the capital markets and regulators are supportive of our modern approach.

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Legal Lending Technology Modernization 448

Housing Wire

JANUARY 14, 2025

is frequently used by title companies , law firms and real estate brokerages to transfer funds between parties in a real estate transaction. ” Jason Doshi, CEO and co-founder of Paymints.io, said the deal will allow his company to accelerate its vision of modernizing real estate payments. Paymints.io

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Real Estate Law Modernization Brokerage 370

Appraisal Buzz

SEPTEMBER 12, 2024

This update of the HUD Code is long overdue and will help increase production while also ensuring modern designs to suit the needs of families.” Effective as federal law on August 22, 1974, the Act authorized HUD to establish nationally preemptive federal standards for the design and construction of all manufactured homes built in the U.S.

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Modernization Design Construction Inspection 396

Housing Wire

FEBRUARY 10, 2025

Many of these laws provide for damages and attorney fees , making enforcement an attractive option for plaintiffs attorneys. The Mortgage Bankers Association (MBA) has already indicated that many of its reform recommendations for loan officer compensation and RESPA modernization are on hold, pending further regulatory clarification.

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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 434

Housing Wire

AUGUST 29, 2024

area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC (Modern), and Union Settlements, LLC (Union) will pay $1.9 Four title insurance firms have agreed to pay nearly $3.3 million, $1 million, $325,000 and $65,000, respectively.

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Real Estate Agent Insurance Real Estate Modernization 353

Housing Wire

DECEMBER 1, 2020

A simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, is getting modernized. They have developed technologies that update the process to mirror the modern way you do your banking, shop, and do pretty much everything else: by using the internet.

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Law Modernization Technology Legal 435

Housing Wire

MARCH 16, 2023

“This feedback will shed light on the current state of an industry that largely operates out of public view, and inform the CFPB’s future work to ensure that these companies comply with federal law.” Modern data surveillance practices have allowed companies to hover over our digital lives and monetize our most sensitive data,” Chopra said.

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Brokerage Business Law Modernization 79

Housing Wire

OCTOBER 1, 2022

Financial institutions that refuse to provide mortgage lending services to communities of color not only contribute to the persistent racial wealth gap that exists in this country, but also violate federal law,” U.S. The 1977 Community Reinvestment Act, the main law policing redlining, is only enforced when banks seek a merger or acquisition.

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Loan Officers Law Lending Advertising 435

Housing Wire

SEPTEMBER 5, 2024

These anti-discrimination statutes make it illegal to refuse to rent, sell or lease housing because of a lawful source of income being provided. The report calls on more states and cities to pass “source of income” or “source of financing” anti-discrimination statutes and enforce them to protect homebuyers.

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Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

APRIL 2, 2023

The Qualia platform includes modern, cloud-based products that provide the transaction infrastructure for title and escrow organizations of all sizes, from smaller agencies and real estate law firms to multi-state operations operating at scale.

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Real Estate Real Estate Agent Law Modernization 397

Housing Wire

JULY 9, 2024

Campbell’s office claimed that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law. The platform closed a $3.5

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Lending Law Investors Advertising 448

Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). There are also the economics of training new appraisers and the numerous and disparate state laws and lender prohibitions. Some of these have been around for many years.

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Modernization Inspection Appraisal Technology 367

Housing Wire

DECEMBER 17, 2021

Fair lending laws and regulations have 60% of respondents very or somewhat concerned. In October, the CFPB, the Office of the Comptroller of the Currency and the Department of Justice announced they would take on “modern-day redlining.” It’s no mystery why. But there’s a long way to go toward that end.

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Modernization Lending Law Business 418

Housing Wire

JULY 11, 2024

The use of these modernized credit score models will enhance risk management while furthering sustainable access to credit for consumers.” introducing a bill in April to codify the tri-merge reporting model into law. The company estimated that the data would help lenders qualify more than 2.5 Scott Fitzgerald (R-Wisc.)

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Modernization Finance Mortgage Law 448

Housing Wire

SEPTEMBER 6, 2024

As a result of the settlements, Allied Title & Escrow LLC , KVS Title LLC , Modern Settlements LLC and Union Settlements will collectively pay more than $3.2 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.”

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Insurance Real Estate Agent Law Real Estate 459

Housing Wire

OCTOBER 11, 2024

The sector includes 4,600 financial institutions across America, which are subject to federal laws, including those pertaining to redlining and other forms of discrimination. Department of Justice (DOJ) announced on Thursday a $6.5 This is the DOJ’s first redlining settlement involving a credit union.

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Lending Modernization Law Investing 435

Housing Wire

APRIL 5, 2022

He said the depository is working under an outdated interpretation of the law. But that’s not what Regulation X says, that’s not what the CFPB intended, and that’s not what mortgage borrowers need in the modern mortgage market,” Fortman said.

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Modernization Law Mortgage Real Estate 435

Housing Wire

MARCH 28, 2025

The October 2023 final rule was the first major revision to the 1977 anti- redlining law in nearly three decades. Among other things, the revised rule sought to modernize the CRA by including mobile and online banking in assessments of products and services. The original rule obligated U.S.

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Modernization Retail Insurance Law 260

Housing Wire

MARCH 5, 2025

And nobody understands the modern day law officer better than I do, because I’m one of them. But my biggest focus initially is going to be the loan officers. SW: What’s the biggest challenge for loan officers right now? SB: Some of the challenges are affordability, lack of housing inventory and slow sales.

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Loan Officers Clients Business Technology 435

Housing Wire

MAY 17, 2023

This bipartisan bill will modernize the Low-Income Housing Tax Credit and help expand our housing supply, strengthening communities and supporting economic development in Illinois and across the county.” Portions of the bill have been enacted over the years, but it has not made it into law in a comprehensive fashion.

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Modernization Law Design Construction 397

Housing Wire

APRIL 4, 2024

representatives at federal agencies reinforced their support for the new rules that would modernize the Community Reinvestment Act (CRA), a few days after a federal judge in Texas granted a preliminary injunction to banking associations that seek to halt its implementation. This week in Washington, D.C.,

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Modernization Law Legal Landlords 333

Housing Wire

MAY 5, 2023

As we face an affordable housing crisis across the nation, I look forward to working with my colleagues to get these important, bipartisan updates signed into law.” The bill would also “modernize” the USDA’s foreclosure practices to better ensure affordability, the senators said.

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Law Technology Development Finance 370

Housing Wire

JUNE 9, 2021

Following the 2008 financial crisis, the federal commission examining the causes concluded that loans made by CRA-regulated lenders in neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law.

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Lending Development Government Finance 516

George Dell

OCTOBER 20, 2021

Does modernized appraisal require a modernized report? In the past, our thinking, expectations, laws and regulations, have separated the development of an appraisal from the report of an appraisal. And how about non-appraiser appraisals (valuations)? Here we use the word ‘appraisal’ in its generic public meaning.)

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Modernization Valuation Law Appraisal 195

Housing Wire

NOVEMBER 19, 2021

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The operational and compliance costs of the HMDA rule for financial institutions is also an area of interest.

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Lending Modernization Tools Mortgage 396

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. These local zoning laws make it illegal for developers to build anything other than single-family detached homes.

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Finance Construction Law Inventory 418

Housing Wire

JULY 31, 2022

Boasting a robust, nationwide network of professional eNotaries available 24/7 and placing no limits on the number or location of parties able to join the signing ceremony, NotaryCam offers a truly modern approach to digital closings. The pandemic has brought extra hurdles for everyone.

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Client Relationships Technology Real Estate Clients 370

Housing Wire

FEBRUARY 20, 2025

She said her firms decision to sue came after months of efforts to be released from NAR’s restrictions, which compel agents to engage in practices we believe violate fair housing and anti-competitive laws. Thompson against Metro MLS and the DeKalb Board of Realtors.

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Realtors Real Estate Realty Agents 252