Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
W S

Lending

5 big lenders to help lower military mortgage payments

Obama Administration's new push to help service members
Brena Swanson
In a new effort to help provide home financing to service members, five top lenders commit to the Obama Administration’s new program to help people in the military save hundreds of dollars or more each year.
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Here are the most active states for mortgage fraud schemes

Loan mod scams, short sale bait-and-switches, and REO “sales”
Trey Garrison
One of the most active mortgage fraud schemes going in these states - and across the country - lures borrowers into paying big fees to a "specialist" for a quick loan modification. But the scams don't stop there.
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Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
Ben Lane
The lawsuit alleges that former CEO Nat Hardwick used his access to “systematically deplete” the firm’s and title company’s accounts for “his personal benefit.” According to the court records, Hardwick allegedly misappropriated at least $30 million from the companies’ accounts through various measures. The news came to light after Fidelity National Financial bailed out LandCastle Title and stepped in as 70% owner.
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WATCH: Russian bank offers free cat visits to boost mortgage lending

There is a catch, you can't keep the cute creatures
Brena Swanson
Yes. Morris will help with the mortgage payments. As The Moscow Times reports: "A popular Russian superstition maintains that it is good luck if cats are first to enter a new home." If that doesn't work you can just have your toddler haul the hesitant feline in and throw it onto the floor, which happens around the 1:18 mark in the video. Adorable!
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Zillow: Fewer homes underwater in second quarter

Blocks first-time buyers from moving
Brena Swanson
Although the percentage of underwater homeowners continues to heal, the remaining pain is left to struggling borrowers of low-price homes.
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Flagstar mortgage servicing settlement with CFPB imminent

Bank holds little to no reserve for issue...
Brena Swanson
Before Flagstar Bancorp can celebrate its strong comeback in its second-quarter earnings, it has to deal with a small blip on its record that deals with mortgage servicing issues dating back to 2011.
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Mortgage applications rise 2.8% after weeks of low interest rates

Refinance share continues to grow hitting 56%
Trey Garrison
Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 22, 2014.
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7 Signs you're ignoring TILA-RESPA

The truth hurts — let's at least laugh about it
Matt Corcoran
“How many of you have read the TILA-RESPA rule?” Only five people in the audience raised their hands for having read the abbreviated rule — only two raised their hands for having read the full rule.
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Bank Mutual chooses Mortgagebot to provide complete origination platform

System said to offer accessibility, efficiency, compliance and security
Ben Lane
"D+H’s Mortgagebot solution offers the full front-to-back, integrated system we were looking for; in addition to customer service, its reputation for uptime and client focus is outstanding within the industry," said Dan Mekemson, Bank Mutual’s senior vice president and director of mortgage lending.
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California housing market underperforms in July

Pending home sales drop four months straight
Brena Swanson
July was not a strong month for the California housing market as the state continues to underperform. On the positive side, the share of equity sales — or non-distressed property sales — maintained its upward trend, increasing to 90.6% in July, up from 90.3% in June.
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