Tag Archives: anti-money laundering

New anti-money laundering rule for cash purchases is now in effect

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Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading →

Is crypto ready for prime time in housing finance? Rate thinks so

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Mortgage lender Rate has launched RateFi, a nationwide non-QM mortgage program that allows qualified borrowers to use verified cryptocurrency holdings for mortgage qualification without liquidating their digital assets. Continue reading →