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  • HUD Deputy Secretary Pam Patenaude resigns

    "It has been my honor to serve President Trump and Secretary Carson and I am deeply grateful to both for this opportunity," her resignation letter states. "I will continue to promote the President's agenda to make this nation stronger and more prosperous for every American." Click the headline for more.

Items Tagged with 'Nevada'

ARTICLES

  • HUD approves agreement for disability discrimination claim

    Nevada real estate companies announce conciliation agreement
    HUD announced it approved a new agreement between two Nevada real estate companies to resolve claims of disability discrimination. The claim was filed by a Nevada resident after a request for her service animal was denied, and now both companies will undergo fair housing training.
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  • CoreLogic: Home prices increase for seventh consecutive month

    Western states see increases in the double digits
    Home prices continue to surge, rising for their seventh consecutive month in February. And growth in the Western states was even higher, breaking double-digit increases in home prices. However, CoreLogic’s latest report shows these surges in home prices will soon see a slowdown.
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  • New Penn Financial expands into Nevada with launch of Synergy Home Mortgage

    Launches joint venture with Reno real estate agencies
    New Penn Financial, a mortgage lender that is owned by Shellpoint Partners, announced Monday that it is expanding into Nevada by launching Synergy Home Mortgage. Synergy Home Mortgage is a joint venture between New Penn and local real estate firms Dickson Realty and Ferrari-Lund Real Estate.
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  • Monday Morning Cup of Coffee: Is the way the CFPB handles enforcement about to change?

    Nevada senators urge mortgage relief for Las Vegas victims
    Every day, it seems there’s a new rumor surrounding the apparently looming departure of Consumer Financial Protection Bureau Director Richard Cordray. But regardless of what happens to Cordray, the way the CFPB handles enforcement could be changing as we speak. Plus, the senators from Nevada call on the mortgage business to grant relief to victims of the Las Vegas shooting. All that, and more, in your Monday Morning Cup of Coffee.
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  • Pavaso helps Nevada welcome first residential hybrid eClosings

    Plus, program for eNotarization underway
    Nevada is the latest state to welcome residential hybrid eClosings, partnering with mortgage technology provider Pavaso to help three Nevada residents in their closings. While this isn’t the first hybrind eClosing, each state’s individual legislation requirements makes it notable when a new state completes an eClosing. Check out how Nevada made it possible.
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  • Embattled Nevada housing agencies respond to allegations of wasted millions

    Agencies suggest newly enacted changes should help more struggling homeowners
    A recent bombshell report from a federal watchdog suggested that the agency in charge of Nevada’s portion of the government’s Hardest Hit Fund wasted $8.2 million that should have funded the program’s administration costs, while at the same time, drastically cutting the number of struggling homeowners admitted to the program. Now, the agency in question is responding to those charges, and claiming that the amount of wasted money is far less than the watchdog suggests – $8 million less, to be exact.
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  • "Pervasive culture of waste and abuse" discovered in Nevada Hardest Hit Fund program

    Investigation finds contractor wasted $8.2M as help dried up for homeowners
    Thanks to what investigators are calling a “pervasive culture of waste and abuse,” millions of dollars from the federal government that were supposed to help struggling Nevada homeowners keep their homes instead went to pay for cars, holiday parties, employee bonuses, employee gifts, employee outings, staff lunches, and a number of other wasteful expenses, a scathing investigation by a federal watchdog found.
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  • Court of Appeals rules that Nevada HOA liens do not supersede first mortgages

    Older version of state's laws ruled unconstitutional
    Mortgage lenders and investors needn’t worry about whether a homeowners' association super lien will be given priority over a first mortgage in the state of Nevada, at least for now. According to an alert published Monday by Ballard Spahr, the Ninth Circuit Court Appeals ruled last week that an older version of Nevada's laws, which previously gave super-priority status to HOA liens, is unconstitutional. Here's the skinny.
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  • Nevada Appeals Court tosses $107 million mortgage fraud penalty

    8th Amendment rescues Melissa Beecroft
    A Nevada woman who was once part of the largest mortgage fraud schemes in the history of the state will no longer forfeit $107 million after a federal court of appeals overturned part of her penalty because it violated the Eighth Amendment, which prohibits the government from imposing "excessive fines" and "cruel and unusual punishments."
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  • From HW Magazine

    Right of redemption on HOA sales

    A solution or just another problem for servicers in Nevada?
    The crown jewel of SB 306 is the right of redemption in the event an HOA foreclosure sale slips through the cracks. On its surface, the right of redemption is a well-needed safety valve for lenders and homeowners; however, its application may be challenging.
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