Real Estate Developer and Mortgage Broker Plead Guilty to Mortgage Fraud Scheme
In their pleas, both defendants admitted that they participated in a scheme to place straw buyers in condominium units
Michigan Expands Simplifile E-recording in Jackson and Montcalm Counties
Electronic recording (e-recording) of land records is now available in Jackson and Montcalm counties in Michigan.
How 1% and $1,000 Could Crush the Housing Recovery
Nasdaq | August 17, 2014
The real estate market has been a bit of a non-starter this year, as rising prices, low inventory, and tougher mortgage rules hobble home-buying activity. As if that news isn’t bad enough, recent research and analysis indicates that the worst is yet to come.
QM Rules Cause Lenders to Expect Tougher Environment
DS News | August 15, 2014
While regulatory guidelines introduced this year have had little effect on lenders’ strategies so far, most still anticipate a tougher operating environment ahead, according to an analysis of responses in a recent Fannie Mae survey.
Fears of Renewed Instability as Fed Ends Stimulus
The New York Times | August 15, 2014
The Federal Reserve has said it expects to raise interest rates in 2015 for the first time since the financial crisis.
Why Is the Justice Department Falling Short With Mortgage Settlements?
Mortgage News Ticker, 2014-08-14 17:21
When JPMorgan Chase agreed to settle mortgage-related securities claims for a record-breaking $13 billion last fall, the deal was hailed in many corners as a historic breakthrough. In some ways, it was.