5 things mortgage lenders need to do before TILA RESPA goes into effect

Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Plus the endgame for two billion-dollar R&W settlements?

The 15 hottest markets for homebuyers and sellers this spring

California dominates list
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News

Fidelity National revenue rises for fourth straight quarter

Low interest-rate environment yields results
Ben Lane
For the fourth straight quarter, Fidelity National Financial saw its revenue rise over the previous year’s total. The title insurance giant reported total revenue of approximately $1.6 billion in the first quarter of 2015, up from $1.4 billion in the first quarter of 2014.
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Investor gets 4 years in $21.8M flipping scheme

Found guilty of federal wire fraud
Trey Garrison
A real estate investor was found guilty of wire fraud and ordered to pay $21.8 million in restitution plus forfeit another almost $4 million in proceeds. Here's how they got him.
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Zillow: Lowest paid workers in 1/3 of markets can’t afford cheapest homes

Homeownership remains very affordable for high earners
Trey Garrison
Incomes among the lowest third of U.S. workers have risen 15% since 2000, while home values are up 41%. The divergence is growing and so is the problem.
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Inlanta Mortgage expands in Greater Chicago area

Veteran Rob Speight to run new branch
Brena Swanson
Inlanta Mortgage continues to expand and announced its latest branch opening in the greater Chicago area.
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Parkside Lending begins offering FHA loans

Opens the door for more qualified borrowers
Brena Swanson
Parkside Lending is now offering Federal Housing Administration loans, helping the lender reach a larger percentage of its clients and broaden homeownership opportunities for qualified borrowers.
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Warren Buffett and Clayton Homes: The real vulture capitalists

Progressive icon’s mobile home business looks like a loan shark operation
Trey Garrison
Warren Buffett likes to pose as the billionaire champion of progressive politics. And you have to hand it to him: he is that, in fact — a poser.
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Las Vegas lawyer disbarred for mortgage fraud

Currently serving 87 months in federal prison
Ben Lane
The Nevada Supreme Court stripped a prominent Las Vegas attorney of his right to practice law in the state as part of the punishment for his place in a mortgage fraud scheme that defrauded financial institutions of more than $30 million.
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B2R Finance acquires investor solution provider Dwell Finance

Creates an end-to-end technology for customers
Brena Swanson
In its latest growth initiative, B2R Finance, a lender for single-family residential rental property investors, acquired Dwell Finance, creating a stronger, customer focused product.
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Consumer spending rose in April

Seasonal increase brings peak April since 2008
Trey Garrison
Daily self-reporting of spending averaged $91 in April, up from $86 in March but down from several monthly averages in 2014. Here's what happened.
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5 things mortgage lenders need to do before TILA RESPA goes into effect

Compliance is important
Melissa Kozicki
As you count down these final days until the regulations take effect, you’re most likely preparing for managing the most significant revisions you’ve ever had to make to your businesses processes. Here are five key things to remember as you approach the deadline – and they aren’t just about making sure you will be in compliance.
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