Mortgage scammer commits fraud from inside jail cell

Mortgage scammer commits fraud from inside jail cell

Alan Tikal stole $5.8 million from homeowners

Which banks are positioned to capitalize on stress test results?

Deeper dive into Dodd-Frank stress test

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage
W S

Lending

Zillow boosts reporting capabilities for agents

Partners with ListTrac to provide new reports for direct listing providers
Ben Lane
Zillow is continuing in its push to provide Realtors, real estate agents and brokers with a mutually beneficial relationship. Days after announcing the addition of 25 new multiple listing services to its Partnership Program, under which MLSs provide listing data directly to Zillow, Zillow announced a new feature for those partners, Zillow Tech Connect: Reports.
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1st Alliance Lending launches mortgage program for underserved borrowers

Expands access to lending with multi-channel program
Ben Lane
1st Alliance Lending is launching a new national mortgage lending platform in an effort to spur lending for “underserved borrowers who are seeking to overcome past credit challenges and purchase a home,” the company said in a release.
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Nationwide Title Clearing promotes Erika Lance

10-year employee will now serve as chief information officer
Ben Lane
Lance has been with NTC for over 10 years, serving in a number of roles. Lance has worked in human resources, the legal department, client relations and overall organization within NTC, giving her a thorough understanding of both operational and client needs, the company said in a release.
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North Texas’ largest home hits the market for $100 million

Tom Hicks’ mansion is the stuff of legend
Ben Lane
The largest and perhaps most notorious home in North Texas is now on the market with an absolutely staggering price tag. The main house’s master bedroom suite checks in at 3,000 square feet. Yep, you read that right…the master bedroom alone is 3,000 square feet.
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Mortgage scammer commits fraud from inside jail cell

Alan Tikal stole $5.8 million from homeowners
Ben Lane
A California man will spend the next 24 years in prison for leading a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners.
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Which banks are positioned to capitalize on stress test results?

Deeper dive into Dodd-Frank stress test
Ben Lane
The country’s biggest banks are all well-positioned to survive a severe recession, the Federal Reserve announced Thursday. But which bank was the big winner?
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FHFA director Watt answers “What’s going on with HARP?”

Sets industry talks straight
Brena Swanson
After a town hall meeting on the Home Affordable Refinance Program on Wednesday, the housing market was left questioning if the program would be extended or possibly even expanded. And the industry was quick to ask FHFA Director Mel Watt to clarify at the Goldman Sachs Housing Finance Conference in New York City the next day.
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Redwood Trust: 4 optimistic opportunities ahead for mortgage REITs

Experts weigh in on mREITS at Goldman Sachs Housing Finance Conference
Brena Swanson
While the overall consensus leaned toward a less-than-thriller year for mortgage real estate investment trusts, one expert at the Goldman Sachs Housing Finance Conference was optimistic about the future of mREITs.
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Massachusetts Court of Appeals upholds MERS rights

Rules mortgage assignment was valid
Ben Lane
MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage.
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Realtor.com boosts Big Apple listings big time

Announces listing agreements with “prominent” New York brokerages
Ben Lane
Realtor.com, which has long boasted that it has the “most accurate” data of any online real estate site, took another step toward improving its data accuracy with the announcement of new listing agreements that will provide the site with direct feeds from several of New York’s “prominent” brokerages, and a listing service, as well.
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