Remove about privacy-policy
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Opinion: To redress racial bias in mortgage underwriting, scrap the credit score

Housing Wire

The Federal Reserve’s Consumer Compliance Handbook observes that “evidence of discriminatory intent is not necessary to establish that a lender’s adoption or implementation of a policy or practice is in violation of the FHAct or ECOA.”

Mortgages 358
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Fannie Mae and NAR at odds over flood-risk disclosures

Housing Wire

But Fannie Mae , the government-sponsored entity that backstops a significant portion of the country’s mortgages, does not seek an exception to the 1974 Federal Privacy Act. NFIP provides over five million policies, according to CRS, in jurisdictions that meet federal criteria on building, design standards, and risk index.

Brokerage 367
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Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Compass’s acquisition comes as other industry players also seek to seize more information about consumers and competitors.

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What Is a Pocket Listing? Definition, Pros & Cons for 2024

The Close

The primary difference between the two lies in how widely the property is marketed and the level of privacy offered. Instead, the agent shares the listing with a select group of contacts within their network through word-of-mouth or private communication, offering the seller a higher level of privacy.

MLS 87
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Opinion: Why fintech “disruption” doesn’t work in mortgage servicing

Housing Wire

In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative. It’s about nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated, all within an ancient infrastructure.

Mortgages 322
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Cybersecurity Awareness Month: Protect Against Fraud

RIS Media

– Prior to engaging any outside IT provider, review their privacy policies and contracts. Review Law, Policy and Insurance Considerations. – Develop and implement the following: – Document Retention and Destruction Policy. – Cyber and Data Security Policy.

Title 98
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The appraisal industry’s governance problem

Housing Wire

The report comes just as a task force to root out bias in appraisals, led by the Department of Housing and Urban Development , finalizes its policy recommendations. “We When asked about the idea of self-regulation — unheard of in other financial sectors — he acknowledged the importance of “appropriate checks and balances.”.

Lending 369