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Regulatory Compliance

Clariti AI Studio launches to help cities solve permitting delays

Artificial Intelligence, homebuilder, Homebuilders, Housing Policy, HWmember, Regulatory Compliance, Technology, The Builder's Daily /

As municipalities adopt AI tools to cut days or weeks from permitting and approval timelines, one company has introduced a free training initiative for local governments taking baby steps to explore deploying the technology internally.  Clariti recently announced the launch of Clariti AI Studio, which offers municipalities customized workshops that demonstrate how AI can reduce […]

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As HEI regulations expand, states debate loan classification

Home Equity, HWmember, Illinois, Maine, Mayer Brown, Mortgage, Regulatory, Regulatory Compliance, Reverse /

As states take varying approaches to regulating home equity investment (HEI) products, the industry faces an increasingly fragmented legal landscape shaped by consumer protection concerns and uncertainty over whether the products should be treated as mortgage loans. Under an HEI, homeowners receive upfront cash in exchange for a share of the home’s future value, typically

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Illinois creates regulatory framework for home equity investments

Consumer Protection, Home Equity, HWmember, Illinois, Mortgage, Regulatory Compliance, Reverse /

Regulators in Illinois have approved what a group of home equity investment (HEI) providers calls the most comprehensive state regulatory framework to date for shared equity products, a fast-growing alternative to traditional home equity loans and reverse mortgages. The rule was adopted under the Illinois Department of Financial and Professional Regulation (IDFPR)’s mortgage licensing regulations.

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The underwriting problem crypto built: What regulators and institutions are watching

Contributors, Cryptocurrency, HWmember, Institutional investors, Mortgage, Opinion, Origination, Regulatory Compliance, Technology /

Cryptocurrency is no longer a peripheral line item in borrower financial profiles. Approximately 30% of American adults now own it. Global ownership has surpassed an estimated 500 million people. The total housing market has crossed the $1 trillion mark multiple times in recent years. These numbers mean that lenders, originators and the regulators overseeing them

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California court curbs Coastal Commission on building permits

California, Housing Policy, HWmember, Policy, Regulatory Compliance, Supreme Court, The Builder's Daily, Zoning /

A California home builder sought to build three additional houses on lots it had owned for more than two decades in a coastal county. That should have been easy. It had already built four nearby homes. But it wasn’t. Years of court hearings followed when a state agency overrode San Luis Obispo County’s authority and

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PAM appraisal platform targets AMC fees, seeks to give lenders more control

AMCs, Appraisals, Appraisals and Valuations, HWmember, Mortgage, Regulatory Compliance /

A new appraisal management platform is aiming to upend the traditional role of appraisal management companies (AMCs) by allowing mortgage lenders to oversee the process internally while maintaining regulatory compliance. The platform, known as PAM, or Private Asset & Management Group LLC, is designed as a web-based system that enables lenders to manage appraisal workflows

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FinCEN’s anti-money laundering rule struck down: what real estate and title professionals need to know

Compliance, FinCEN, Home Sales, HWmember, Legal, Money laundering, Office of the Comptroller of the Currency, Real Estate, Regulatory Compliance, Title, Title insurance, U.S. Government, U.S. Treasury /

A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering (AML) rule — creating a legal vacuum and uncertainty among title and real estate professionals. While the ruling eliminates a significant compliance burden that industry groups had criticized, legal observers warn that FinCEN retains broad authority over real estate

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Washington just banned noncompete agreements. Will other states follow suit?

Employment, Federal Trade Commission, HWmember, Legislation, Loan Officer, Mortgage, Regulatory, Regulatory Compliance, Washington /

Washington Gov. Bob Ferguson signed a bill into effect earlier this week that bans noncompete agreements across the state. The move marks a significant shift in employment law that will take effect on June 30, 2027. The measure prohibits contracts that restrict workers from joining or starting competing businesses after leaving a job. Noncompete agreements

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HUD launches probe into Washington state down payment assistance program

Down Payment Assistance, Fair Lending, HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Washington /

Washington state’s Covenant Homeownership Program is under investigation by the U.S. Department of Housing and Urban Development (HUD) over potential violations of the Fair Housing Act. HUD’s Office of Fair Housing and Equal Opportunity (FHEO) notified the Washington State Housing Finance Commission, which administers the program, of the probe on Tuesday. The investigation comes days

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FinCEN anti-money laundering rule struck down in court

Closings, Compliance, FinCEN, HWmember, Legal, Money laundering, Real Estate, Regulatory Compliance, Title, Title insurance /

A federal judge in Texas has vacated the Financial Crimes Enforcement Network’s (FinCEN) nationwide anti-money laundering rule requiring title insurance companies to report details of millions of residential real estate transactions. U.S. District Judge Jeremy Kernodle of the Eastern District of Texas decided Thursday that FinCEN exceeded its statutory authority with the rule, which took

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