Housing Wire

JANUARY 13, 2025

Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible, she said in a statement.

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Housing Wire

NOVEMBER 19, 2024

The passage of the mortgage trigger lead bill as proposed in the U.S. The amendment addresses mortgage trigger leads , which occur when a potential borrower’s credit score is pulled for a new home loan application and credit bureaus sell the data to other companies interested in reaching the customer. included U.S.

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Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

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Appraisal Buzz

SEPTEMBER 13, 2024

Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. The post Incenter Adds New Chief Legal Counsel first appeared on The MortgagePoint. Dutill earned her J.D.

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Housing Wire

SEPTEMBER 4, 2024

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. Its 120-plus lending partners include CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage Corp. Movement Mortgage and Rate.

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Housing Wire

JUNE 7, 2024

Legal and financial troubles are piling up for mortgage fintech lender LoanSnap , with the company having been recently evicted from its headquarters in Southern California. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9

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Appraisal Buzz

OCTOBER 8, 2024

Legal League , the premier professional association of financial services law firms in the U.S. driving progress in the mortgage servicing industry, has announced the reelection of two members to its Advisory Council. In addition to his service to Legal League, Van Ness serves on multiple boards for trade, associations, and charity. “I

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Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.

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Mortgage Technology Clients Tools 410

Housing Wire

APRIL 9, 2024

In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. He worked for an independent mortgage broker that actually shopped between options. He left in February.

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Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending.

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Mortgage Valuation Lending Technology 417

Appraisal Buzz

FEBRUARY 20, 2025

Open to all mortgage lending and servicing professionals, GSEs , government entities, and Legal League members, the annual Spring Servicer Summit gathers the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.

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Appraisal Buzz

OCTOBER 15, 2024

Navigating Mortgage Law: Insights with Stephen Hladik from Hladik Onorato & Federman In this episode of the MP Access Show, we’re thrilled to welcome Stephen Hladik, a Partner at Hladik Onorato & Federman, LLP, and a highly respected expert in mortgage foreclosure, bankruptcy, and lending law compliance.

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Housing Wire

JANUARY 28, 2025

These may be mortgages , tax liens, HOA liens, child support judgments, etc. Title insurance policies solve these problems by protecting buyers against legal challenges to their ownership. Second, it requires determining whether others have any claim or interest on the property.

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Insurance Legal Government Real Estate 418

Housing Wire

FEBRUARY 26, 2025

When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world.

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Housing Wire

OCTOBER 15, 2024

without source-of-income protections (provided their property is not already legally required to accept the vouchers and that at least 40% of the units are affordable or considered “small area fair market rents”). The program was previously limited only to eligible properties in North Carolina and Texas.

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Housing Wire

JANUARY 17, 2025

Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of bilking elderly homeowners in a reverse mortgage and home repair scheme, was sentenced to 17 years in federal prison by the U.S. She added that his sentencing is a sobering reminder of the unique harm caused by predatory reverse mortgage schemes.

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Mortgage Law Development Agents 397

Housing Wire

MARCH 27, 2025

Following the submission of a report from a subject matter expert by Texas Capital Bank (TCB) in its ongoing suit against Ginnie Mae over reverse mortgage collateral, the presiding judge has rejected a challenge by the government and will allow the report to be submitted as part of the record.

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Appraisal Buzz

JANUARY 9, 2025

Fortunately, there are ways to detect deed fraud attempts early, but mortgage professionals need to be well-informed to protect themselves and their clients. In some cases, AI and other digital tools have also been used to create convincing forgeries of documents or to automate the process of generating fake deeds and other legal documents.

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Housing Wire

JANUARY 15, 2025

All but 11 states allow for at least the medical consumption of marijuana, and it is also legal for both medical and recreational use in the District of Columbia , itself a federal district. Payments from the program being made on his mortgage will end on Jan. I was born with scoliosis, Kemp told station WNDU. 31, he said.

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Housing Wire

DECEMBER 30, 2024

Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. In fact, at $2,290, the typical mortgage payment for homebuyers is starting this next year at the highest level ever. The elephant in the room is affordability.

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Housing Wire

MARCH 7, 2025

These financial agents would then be legally empowered to put a hold on suspicious spending and refer the case in question to law enforcement. The measure would train bank tellers and other bank employees; investment brokers and advisers; and others dealing with the finances of older New Yorkers, in how to spot exploitation, Newsday reported.

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Appraisal Buzz

FEBRUARY 6, 2025

Legal League has issued a brief on the recent decision in the state of Pennsylvania in the case of Foxfield at Naamans Creek v. At the heart of the case is the question if a homeowners association (HOA) foreclosure could divest a first mortgage from a property. Legal Leagues Advisory Council Chair and author of the brief is Stephen M.

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Housing Wire

AUGUST 13, 2024

The letter was in response to the CFPB’s request for information on residential mortgage fees, which the Bureau issued in late May. This request was in addition to the CFPB’s consideration of a ban on mortgage banks charging homebuyers for the lender’s title insurance policy. of the borrower’s total life-of-loan costs combined.”

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Housing Wire

MARCH 5, 2025

Keller Williams legal battle with former CEO John Davis is heating up. In the filing, Davis and Herfel claim that a Keller Mortgage employee accused John Keller of sexual misconduct, and that the allegations were then covered up by the companys general counsel Stacie Herron. Davis sued in an attempt to clear his name.

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Housing Wire

MARCH 17, 2025

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. Ultimately, Ginnie Maes authority treats mortgages as whole and indivisible as soon as they are included in the HMBS program.

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Housing Wire

SEPTEMBER 23, 2024

A former regional operations manager at CrossCountry Mortgage (CCM) is suing the company over allegations of age discrimination and wrongful termination for her refusal to participate in illegal activities. A spokesperson for CCM said the company “does not comment on legal matters.” She requests a trial by jury.

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Mortgage Legal Loan Officers Retail 476

Housing Wire

DECEMBER 5, 2024

Trigger leads occur when a potential borrower’s credit score is pulled for a mortgage application and credit bureaus sell this data to companies seeking to contact the borrower. While legal, this practice often results in borrowers receiving a flood of unsolicited calls, texts and emails.

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Appraisal Buzz

DECEMBER 30, 2024

Rural Americans face unique challenges when it comes to homeownership, with limited access to small mortgages and financing options significantly impeding progress. Low or Missing Credit Scores Many rural Americans have low or no credit scores, making lenders hesitant to extend them mortgages. Legal hurdles also play a role.

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Housing Wire

FEBRUARY 12, 2025

based financial services firm Legal & General shows that as many as 11% of all couples over the age of 50 use their real estate wealth either through the proceeds of a home sale or a home equity release product to finance the costs of divorce. New data from U.K.-based While the data is focused primarily on the U.K., In the U.S.,

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Finance Legal Mortgage Real Estate 355

Housing Wire

JULY 29, 2024

Mortgage lenders loanDepot and Movement Mortgage have agreed to end a one-year dispute over the poaching of employees, according to a document filed Friday in a district court in Delaware. National Mortgage News first reported on the motion to dismiss. mortgage lender with $10.3 loanDepot is the 16th-largest U.S.

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Mortgage Loan Officers Legal Finance 445

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. These mortgages allegedly represent a balance of $124,011.37 28, 2023.

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Mortgage Legal Advertising Loan Officers 433

Housing Wire

FEBRUARY 6, 2025

Deadlines in a lawsuit and countersuit stemming from allegations of deceptive reverse mortgage marketing practices have been pushed out one month to the end of March and mid-April, respectively, as all parties in the case advocate for more time. Neither party has offered an update since then on how or if these negotiations are progressing.

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Mortgage Marketing Legal Law 232

Housing Wire

FEBRUARY 24, 2025

The ongoing legal dispute between Texas Capital Bank (TCB) and Ginnie Mae added a new chapter this week. The bank is opposing a government request for a summary judgment that would hand a victory to Ginnie Mae, according to court filings reviewed by HousingWire s Reverse Mortgage Daily (RMD). 10 for all remaining claims in this case.

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Housing Wire

OCTOBER 10, 2024

Tax payment history, legal documents and zoning information are also available at the push of a button. Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence.

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Housing Wire

MARCH 8, 2025

That was only seven years after women were legally allowed to obtain a mortgage without a cosigner. When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S. housing market , trailing only married couples.

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