Housing Wire

APRIL 4, 2024

An action taken that is determined to be “arbitrary and capricious” would translate into “willful and unreasonable action without consideration or regard for the facts and circumstances,” according to Cornell Law School ’s Legal Information Institute.

Legal 446

Legal Government Law Development 446

Housing Wire

JUNE 4, 2024

In practice, the CFPB said companies are using terms and conditions that make consumers give up certain legal rights and protections. A Supervisory Highlights from the Summer of 2015 refers mainly to home equity installment loan agreements. On Tuesday, the U.S.

Legal 447

Legal Contracts Law Lending 447

Housing Wire

SEPTEMBER 23, 2024

In that case, they can refer that individual to an agent in exchange for a portion of the commission. Agents are incentivized to refer clients to the highest bidder rather than acting purely in the consumer’s best interest. Yet, referral fees between agents remain legal and largely concealed from consumers.

Real Estate 487

Real Estate Agents Clients Advertising 487

Housing Wire

MARCH 25, 2025

Additionally, Judge Blumenfeld noted that the plaintiffs only refer to these defendants in the introductory portion of the FAC. The Court agrees and finds that the FAC lacks sufficient allegations connecting Plaintiffs injuries to any conduct by the subsidiary defendants, the ruling states.

Realtors 286

Realtors Real Estate Agents Legal 286

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

AUGUST 13, 2020

Central bank digital currencies, or CBDC’s, refer to cryptocurrencies issued by central banks and are intended to supplement some sort of fiat currency (currency established as money but has no intrinsic value). Through CBDC’s, central banks have the ability to trace and track every transaction in real-time.

Legal 482

Legal Technology Development Finance 482

Housing Wire

JUNE 7, 2024

Moreover, legal services will cost at least $5,000 and likely much more. By securing appropriate title insurance, property owners can protect themselves from the nightmare of expensive legal battles. He also published a desktop reference book for fraud investigators: Fraud Investigations 101. Contact him at David@DavidFleck.com.

Insurance 482

Insurance Legal Technology Development 482

Housing Wire

OCTOBER 3, 2024

Conrad is also careful to avoid referring to the NAR case as a lawsuit, instead referring to it as a series of “legal changes” that have occurred within the industry, including the rule that agent compensation can no longer be listed on an MLS.

Sellers 448

Sellers Agents Training Clients 448

Housing Wire

MARCH 6, 2023

A former employee is suing the companies, alleging they “abruptly terminated hundreds of its employees” without giving legally required 60-day advance notice as required by the Worker Adjustment and Retraining Notification Act ( WARN Act ). Illinois-based mortgage lender Celebrity Home Loans and its parent company Celebrity Financial, Inc.

Loan Officers 459

Loan Officers Retail Legal Lending 459

Housing Wire

APRIL 24, 2023

The mortgage trade group said it was concerned that the CFPB and DOJ would hold lenders liable for the actions of an appraiser, who is neither an employee nor an agent of the lender, a reference to a case in U.S.

Appraisal 435

Appraisal Valuation Legal Mortgage 435

Housing Wire

SEPTEMBER 4, 2024

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. The ML goes into effect on Sept. The updated rule builds upon several changes that FHA made to the HECM program on Jan. 19, 2017, which went into effect later that year.

Mortgage 459

Mortgage Legal Development Insurance 459

Housing Wire

JUNE 14, 2024

While federal agencies have issued “fraud bulletins” related to reverse mortgages in the past, these primarily refer to bad actors who aim to manipulate an older victim into obtaining a loan.

Real Estate 459

Real Estate Law Government Legal 459

Housing Wire

JANUARY 31, 2025

Continuously refer back to the exam topics. It protects you from potential legal claims that a mistake on your part caused someone financial harm. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.

Real Estate 303

Real Estate Brokerage Insurance Legal 303

Housing Wire

NOVEMBER 28, 2023

Decades ago, zoning laws were used to legally segregate local communities based on race. This is referred to as NIMBYism, an acronym for the phrase “Not In My BackYard.” Smaller lot sizes mean more units can be built, and legalizing accessory dwelling units (ADUs) makes more efficient use of already-existing homes.

Law 491

Law Government Legal Construction 491

Housing Wire

AUGUST 2, 2024

Singh explains that general AI models cannot answer detailed real estate-related prompts without referring to general resources. CoreLogic ensures that its data is used under the proper legal contracts and obligations. Therefore, including accurate and diverse data is vital in developing AI and gathering good data. Risk factors.

Real Estate 468

Real Estate Clients Tools Development 468

Housing Wire

FEBRUARY 12, 2025

More choices for agents PAR refers to its non-Realtor option as MLS Choice. Historic legal precedent In California , Florida , Alabama and Georgia , all MLSs are open to all real estate licensees, regardless of their Realtor association membership status or whether their local association has adopted the optional NAR rule on MLS access.

Realtors 316

Realtors Agents Real Estate Real Estate Agent 316

Housing Wire

JULY 30, 2024

But the buyer may not be represented yet and then the listing agent can earn a referral fee by referring the buyer to another agent in their brokerage to earn an additional commission. Of course, the agent receiving the referral is likely to return the favor generating future buyer agency commissions for the listing agent.

Agents 460

Agents Real Estate Agent Real Estate Buyers 460

Housing Wire

AUGUST 13, 2024

Prioritizing procedural fairness Procedural fairness, or procedural justice, refers to the fairness of the processes and methods used to make decisions and resolve disputes. Right to legal representation : People have the right to seek legal advice during decision-making (it may be no fee through H.U.D.

Legal 466

Legal Market Value Government Tenants 466

Housing Wire

JULY 8, 2024

Since there is a legal requirement saying that trigger lead solicitations must be a “firm offer of credit,” CHLA said, it does not “see how it is possible for a mortgage broker to meet the ‘firm offer of credit’ requirement in such situations.”

Loan Officers 370

Loan Officers Legal Mortgage 370

Housing Wire

FEBRUARY 18, 2025

The company also requires clients to seek out independent legal advice to ensure full comprehension of the products requirements, aiming to fulfill a similar function to the stateside counseling requirement. The main distribution channel is direct-to-customer, however there are some brokers that also refer customers. counterpart.

Contracts 240

Contracts Advertising Real Estate Agent Mortgage 240

Housing Wire

JUNE 26, 2024

My wife and I have worked with the same real estate agent to buy and sell several homes, and we’ve referred her to help more than a dozen friends with their home transactions. In my career as an attorney, I’ve seen how legal disputes can sink relationships fast and forever. He can be reached at rich.lee@neweraadr.com.

Real Estate 298

Real Estate Legal Law Agents 298

Housing Wire

MARCH 24, 2023

Artificial intelligence refers to computer systems designed to perform tasks that usually require human intelligence, such as recognizing speech, identifying patterns or making decisions. ChatGPT wrote it as a legal issue and all of a sudden, the developer showed up at her house,” he said. But first things first.

Loan Officers 497

Loan Officers Legal Development Design 497

Housing Wire

AUGUST 5, 2024

That program, referred to by industry participants as “HMBS 2.0,” was initially announced as in development at the beginning of the year. The letter also seeks to adjust pool certification requirements to “address legal and operational considerations,” according to the MBA. This could better address the unique attributes of HMBS 2.0

Development 435

Development Legal Government Mortgage 435

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 435

Real Estate Agent Real Estate Brokerage Law 435

Housing Wire

JULY 26, 2024

Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction. A real estate lawyer can be a valuable asset in drawing up the correct closing paperwork that protects both parties from future legal issues, potential taxes, or unexpected costs.

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

OCTOBER 25, 2023

The drama continues on Wednesday After a night to think it over, HomeServices of America filed a motion for a mistrial, claiming that the Tom Ferry podcast, which the filing refers to as the “ambush video,” is “extraordinarily prejudicial.” According to the filing, the video was not produced during discovery or placed on the Exhibit List.

Sellers 435

Sellers Realtors Real Estate Design 435

Housing Wire

NOVEMBER 9, 2020

In business, kaizen refers to activities that continuously improve all functions and involve all employees from the top down. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. In Japan, the word for “improvement” is kaizen.

Law 468

Law Legal Technology Real Estate 468

Housing Wire

AUGUST 13, 2024

A company spokesperson referred the inquiry back to comments made by Onity leadership in its Q2 2024 earnings information, where CEO Glen Messina expressed satisfaction with the deal. HousingWire ’s Reverse Mortgage Daily (RMD) reached out to Onity for comment. An inquiry to Waterfall was not immediately returned.

Mortgage 433

Mortgage Finance Clients Legal 433

Housing Wire

MAY 10, 2024

represent an entity in which the REALTOR(R) or member of their immediate family has a legal interest.” The proposed standard states: “REALTORS(R) are not required to disclose the identity of the client or customer, nor the specific nature of the interest referred to in Article 4, but must disclose that an interest exists.”

Realtors 396

Realtors Finance Agents Legal 396

Appraisal Buzz

OCTOBER 4, 2024

Bankruptcy Code is frequently referred to as a “reorganization” bankruptcy. A plan of reorganization is proposed, creditors whose rights are affected may vote on the plan, and the plan may be confirmed by the court if it gets the required votes and satisfies certain legal requirements. A case filed under Chapter 11 of the U.S.

Supply Chain 417

Supply Chain Business Legal Technology 417

Housing Wire

SEPTEMBER 6, 2024

And 90% of agents at what Stephens refers to as “traditional” brokerages — which includes firms like RE/MAX , Anywhere , Keller Williams , Compass and Douglas Elliman — reported being fully or somewhat prepared.

Agents 448

Agents Real Estate Agent Brokerage Realty 448

Housing Wire

JULY 30, 2024

Additionally, CAR’s updated RLA form does not include any references to seller concessions. The modified forms, including the Residential Listing Agreement (RLA) and the Multiple Listing Service Addendum (MLSA), do not include offers of broker-to-broker compensation.

Sellers 459

Sellers Advertising Realtors Agents 459

Housing Wire

MARCH 29, 2024

CMLS goes on to argue that the court should evaluate the settlement agreement proposed by the plaintiffs and MLS PIN without any reference to the DOJ’s statement of interest. Prohibiting offers of compensation from brokers and sellers is a drastic imposition of MLS regulation on legal activities of listing brokers and sellers.

Sellers 459

Sellers Real Estate Buyers Contracts 459

Housing Wire

JUNE 24, 2024

In response, UWM said the class action is a “transparent attempt to revive legal theories that two federal district courts have already rejected.” The lender is referring to litigation on this matter that has resulted in decisions that favor UWM, including cases involving Okavage Group and America’s Moneyline.

Marketing 397

Marketing Mortgage Legal Business 397

Housing Wire

OCTOBER 6, 2023

18 edition of his Notorious ROB email newsletter , Hahn also called attention to the relatively low dollar amounts for both settlements, referring to them as “bargain-basement pricing.” “The In the Sept. The $55 million is… laughably small.

Agents 435

Agents Brokerage Realtors Real Estate 435

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. These reps and warrants cover borrower income, employment, and property information.

Investors 369

Investors Legal Tools Legal Fees 369

Housing Wire

JULY 22, 2022

The current application packages and final doc sets have become very long and full of legal jargon that most laymens don’t understand. But, I am confident that this question was intended to reference the housing market. Omar Ennabe: I would like to see the document packages for reverse mortgages become much simpler.

Technology 397

Technology Investors Housing Market Legal 397