CFPB secures $27.7 million judgment against foreclosure relief scammers

The next president needs to speak up about housing right now

Want my vote? Here's how to get it

CFPB, DOJ take action against Provident Funding for discriminatory lending

Could pay $9 million in damages
W S

Lending

Quicken Loans wins first round in court battle versus DOJ, HUD

Judge rules Quicken's suit against Feds will be heard first
Trey Garrison and Ben Lane
Quicken Loans secured the first victory in its gutsy battle against the U.S. Department of Justice and the Department of Housing and Urban Development. A federal judge ruled that Quicken’s lawsuit against the government will be heard, before the government’s case against Quicken is heard in a separate court, which favors the massive mortgage lender. Click the headline for HousingWire's extensive coverage.
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LoanLogics adds Meg Guard as vice president

Will supervise account management and support
Ben Lane
As vice president of account management and support, Guard will work with clients as well as internal teams such as operations, information technology and sales. Guard’s team will help with enterprise technical implementations and provide technical support.
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WFG National Title promotes Roger Blauvelt to senior vice president

Will lead company’s national agency division
Ben Lane
Prior to his promotion, Blauvelt served as the company’s vice president, national agency underwriting counsel. In his new role, Blauvelt will be responsible for maintaining the company’s relationship with its largest national title agents as well as spearheading new growth, the company said in a release.
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CFPB secures $27.7 million judgment against foreclosure relief scammers

Problem is, the scammers have only $655,737
Ben Lane
The Consumer Financial Protection Bureau and the State of Florida announced Friday that a federal judge granted final judgment against a Florida law firm and its associated companies, requiring the companies to pay $27.7 million for their part in a massive foreclosure relief scam that defrauded approximately 2,000 consumers.
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This MBA chart shows the real impact of the recession on homeownership

Young buyers taken out of the market
Brena Swanson
The latest chart in the Mortgage Bankers Association’s series echoes what most of the industry already knows: Millennials are not buying.
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WATCH: Former Wells Fargo CEO rails against regulatory burdens

This stunts America’s growth
Brena Swanson
While America should be growing faster, the wrong mix of fiscal and monetary policies is smothering any room for potential growth, especially when it comes to Dodd-Frank bank reforms.
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The next president needs to speak up about housing right now

Want my vote? Here's how to get it
J. Ronald Terwilliger
For far too long, housing problems have been largely ignored by the mainstream media and neglected by Washington. A housing focus has also been noticeably absent from our nation’s political discourse. That needs to end, right now.
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GDP contracts 0.7% reinforcing weak start to 1Q

Economists remain optimistic
Brena Swanson
Friday's second estimate revealed further truth behind how tough the start of the year was, with the economy contracting 0.7% in the first quarter of 2015. Could this be the start of a recession?
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JPMorgan Chase reportedly laying off 5,000 employees

Cuts would represent at least 2% of bank’s staff
Ben Lane
JPMorgan Chase is set to lay off approximately 5,000 of its employees as part of cost-cutting measures. The job cuts reportedly already began earlier this year and would represent at least 2% of the bank’s staff.
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CoreLogic expands building permit database

Now features 35 different permit types
Ben Lane
CoreLogic, a property information, analytics and data-enabled services provider, announced Thursday that its building permit database now features 35 different permit types, covering 65% of the U.S. residential and commercial market.
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