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Figure hires Ronald Chillemi as its first chief legal officer

Housing Wire

Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Chillemi has more than 25 years of experience in regulatory affairs, government relations and compliance across a number of fintech companies and law firms.

Legal 448
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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. More recently, Patriot Bank paid $1.9

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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

Legal 418
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Here’s another estimate of the financial losses from the LA wildfires

Housing Wire

These are the two most destructive wildfires in modern California history, and probably the modern history of the country, I would imagine, said Jesse Gundersheim, senior director of market analytics for Orange County and the Inland Empire at CoStar Group , the parent company of Homes.com. billion in value.

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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

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.

Mortgage 396
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Facing the Barriers to Homeownership in Rural America

Appraisal Buzz

Non-Mortgageable Homes Physical deficiencies and legal complications often render rural homes ineligible for traditional mortgages. Legal hurdles also play a role. Between 2018 and 2023, 30% of rural homebuyers were denied mortgages due to credit issues, compared to 19% of urban applicants.

Legal 243
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Why the CFPB’s enforcement pause is not a free pass for lenders

Housing Wire

If IMB executives fail to recognize this, they may risk legal and financial consequences. 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.