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

The Ticker

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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Investors Unite fact check Michael Stegman on GSEs

Fannie, Freddie shareholders says he’s wrong again
Trey Garrison
Treasury's Michael Stegman wouldn't win a popularity contest with GSE investors. But it's not just that he's got a contrary position -- they say he's wrong on principle and on the law. Here's why.
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Boston housing market slowdown isn’t the weather

Something else is freezing out the Olde Towne
Trey Garrison
Home sales in Boston are slowing, and while the city is currently buried under several feet of snow, it's not the weather. Here's the scoop.
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Report: Citigroup forgot to send 23,000 settlement checks

Still owes $20 million as part of Independent Foreclosure Review
Ben Lane
According to a report from Bloomberg, Citigroup did not send settlement checks to approximately 23,000 borrowers who are eligible for payment under the Independent Foreclosure Review and is now preparing to mail out $20 million worth of checks to those borrowers.
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Warning: Early GDP indicator flashing red

Atlanta Fed GDPNow forecast dropping ominously
Trey Garrison
If you’re looking for reassurances that everything will be okay, this isn’t the story. If you want the scoop on what the Atlanta Fed thinks and why it’s bad, keep reading.
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New Orleans planning huge public property auction

City seeks to revitalize blighted neighborhoods
Ben Lane
The city of New Orleans is planning to auction of 3,000 tax-adjudicated properties in an effort to revitalize some of the city’s blighted neighborhoods. According to a report in the New Orleans Times-Picayune, prospective buyers will be able to view the properties online beginning March 6 and may be able to claim a property for as little as $3,000.
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Accenture LOS update brings lenders closer to online mortgages

New release includes e-signature technology
Brena Swanson
Accenture introduced the latest update to its loan origination system, Loan Fulfillment Center, by Accenture Mortgage Cadence, helping lenders in the industry get closer to an entirely web-based mortgage process.
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Own a town where "The Walking Dead" was filmed for $680,000

Make your offer now on eBay
Brena Swanson
The definition of a diehard fan is reaching a whole new level, even beyond the grave, with this new real estate listing. A large portion of a town in Georgia, which was used as a location during Season 3 of AMC’s “The Walking Dead,” is listed for sale.
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Realtor's client murdered during home showing

Gunman walks into home during showing
Brena Swanson
A gunman walked into a home and opened fire while a real estate agent was showing a home to a married couple, killing the husband. This tragic event is not the first attack on real estate agents but continues to remind agents that they must take care and precautions to protect themselves.
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Saudi prince lists luxurious New York nest for $48.5M

Includes three bullet-proof panic rooms… if you need it
Brena Swanson
A Saudi prince on New York’s Upper West Side is listing his roughly 10,500-square-foot triplex apartment for $48.5 million. And the real perk is what is included in the apartment.
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