Ex-NFL star sentenced to five years in prison for mortgage fraud

Ex-NFL star sentenced to five years in prison for mortgage fraud

Irving Fryar and his mother convicted of conspiring to steal $1.2M

Experian hacked: 15 million people’s credit data stolen in breach

Credit reporting agency becomes latest victim of data breach

Here's what today's job creation implosion means for housing and mortgage finance

Jobs crater, labor participation rate near 40-year low and zero wage growth


Housing experts explain September's hot mess jobs report

There may be a few slivers of silver lining buried in the storm cloud
Earlier Friday the September employment situation report from the Census Bureau showed new job creation cratering to a weak 142,000, and while the whole report is a hot mess, there are a few buried bits of potentially good news in the data points. Want to know what they are?
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New Residential to repay $2.5B in mortgage servicer advances

S&P downgrades Ocwen, triggers repayment
Citing an “inadvertent” oversight in a previous downgrade of Ocwen Loan Servicing servicer rankings, Standard & Poor’s announced earlier this week that it was lowering its ranking of Ocwen as a residential mortgage master servicer from “above average” to “below average.” And that move triggered a massive payback from New Residential.
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$301 million Fannie Mae bulk servicing portfolio hits market

Mostly Midwest portfolio is 100% current
Buyers looking to get their hands on some Fannie Mae servicing now have that opportunity. Interactive Mortgage Advisors announced that it is acting as the exclusive broker for a $301 million Fannie Mae bulk residential mortgage servicing rights offering.
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Trending Thursday: Staring right at the next housing crisis

Plus GSE reform is all sound, fury and nothing right now
There’s another housing crisis brewing, and it has nothing to do with housing price bubbles or the perpetual Fannie, Freddie conservatorship. Also, if the latest appraisal volume is an indicator of market strength, we're in trouble. All this and more.
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From HW Magazine

Patch of Land offers debt-based crowdfunding solution

Investors benefit from prefunded loans and direct security
Patch of Land’s loans are prefunded, which means that borrowers receive their funds right away so they can begin working on a project, and investors who have contributed funds to a loan will begin to accrue interest as soon as their funds clear escrow.
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