News

PwC settles $5.5 billion lawsuit over Taylor, Bean & Whitaker audits

Accused of failing to recognize malfeasance in TBW, Colonial Bank accounts
The ghost of Taylor, Bean & Whitaker struck again Friday, as PricewaterhouseCoopers agreed to settle a $5.5 billion lawsuit that accused the company of failing in its audits duties by not discovering the accounting malfeasance that led to one of the most spectacular crashes to come out of the housing crisis.
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Houston Realtors warned to be on lookout for "foot fetish creep"

Man tells agents to remove their shoes for better cell phone reception
Houston-area Realtors and real estate agents, especially female ones, need to be on the lookout for a “foot fetish creep” who’s been targeting local agents, the Houston Association of Realtors warned its members. While the man is on the phone with a female agent, he asks the agent to describe her footwear and will usually request that she take off her shoes for “improved cell phone reception.”
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Oregon couple forced out of tiny home

Deemed unsuitable for land it’s on
The city named a tiny home in a residential neighborhood unfit for the land that it’s on. Now, despite housing shortages in the area, the couple was evicted from their home. These homeowners claim the government is going after the wrong people.
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M&A rumor mill: Who will Finance of America and RPM buy next?

RPM Mortgage denies acquisition chatter
Rumors are circulating that several major lenders may soon make major acquisitions. RPM Mortgage, however, says there is no truth to the chatter. Sources say one lender could announce these acquisitions as soon as September, but until then, here’s what industry insiders are saying.
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USDA slashing mortgage fees

Announces cuts to upfront guarantee fee and annual fee
Borrowers who use the U.S. Department of Agriculture’s Rural Housing Service to get a mortgage could soon pay significantly less for their loan, as the USDA announced that it is about to cut its loan fees for lenders who use the Single Family Housing Loan Guarantee Program. Here are all the details.
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