PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
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Lending

Lynn Effinger joins RIO Genesis

Will become senior vice president of institutional services
Ben Lane
Industry veteran and frequent HousingWire contributor Lynn Effinger has joined the management team at RIO Genesis Software Solutions as the company’s new senior vice president of institutional services.
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Maryland apartment complex kicks out victims of domestic violence

Complex accused of violating Fair Housing Act
Brena Swanson
An apartment complex in Maryland is being charged with violating the Fair Housing Act for refusing to renew the lease of a female tenant and her two sons after a reported domestic violence case.
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PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Former LandCastle Title CEO was Johnson's attorney and "trusted advisor"
Ben Lane
According to Johnson’s lawsuit, filed Tuesday in United States District Court for the Northern District of Georgia and obtained exclusively by HousingWire, the title law firm of Morris Hardwick Schneider, Nat Hardwick and others allegedly used their positions as Johnson’s “trusted advisors” to steal $3 million from him to cover shortages in the firm’s accounts created by Hardwick himself, who allegedly embezzled at least $30 million from the firm’s own accounts and the firm’s trust accounts.
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Here's why falling home prices is not good news

Signs point to a worse economy
Lynn Effinger
Many economists and housing analysts agree that a rise in interest rates will negatively impact the economy, particularly with respect to the housing sector. This will hardly be good for homebuyers.
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Freddie Mac: Homeowner demand for home equity loans doubles

Refinance volume falls sharply
Brena Swanson
"While the share of borrowers that cashed-out some equity has increased considerably over the past year, the refinance volume has also fallen sharply," said Frank Nothaft, Freddie Mac vice president and chief economist.
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Ellie Mae’s earnings overcome mortgage industry declines

AllRegs buy will reflect on next quarter's results
Brena Swanson
“Revenue grew 30% over last year’s third quarter to a record $42.8 million, despite a 27% decline in industry mortgage origination volume, and our active user base crossed the 100,000 mark for the first time,” said Sig Anderman, CEO of Ellie Mae.
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Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you
Trey Garrison
The cost of originating mortgages and loan production is officially ridiculous and a question that arose at the Mortgage Bankers Association’s convention and expo last week was “Are record low mortgage rates masking from borrowers the high cost of mortgages?”
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Borrowers find refuge in nonbank mortgage loans

But concerns persist over nonbank risk
Levi Shultz
Nonbank lending continues to fill the gap for borrowers rejected by other banks, even as concerns about nonbanks persist.
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Freddie Mac: Mortgages rates rise from yearly lows

Rates increase across the board.
Brena Swanson
Mortgage rates moved away from last week’s yearly lows and slightly increased across the board, with the 30-year, fixed-rate mortgage averaging 3.98% for the week ended Oct. 30.
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Jobless claims tick up by 3,000 filings

Still remains at historic lows
Brena Swanson
Although initial jobless claims ticked up by 3,000 filings to 287,000 for the week ended Oct. 25, levels still remain at historic lows.
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