Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
W S

The Ticker

Zillow: Fewer homes underwater in second quarter

Blocks first-time buyers from moving
Brena Swanson
Although the percentage of underwater homeowners continues to heal, the remaining pain is left to struggling borrowers of low-price homes.
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7 Signs you're ignoring TILA-RESPA

The truth hurts — let's at least laugh about it
Matt Corcoran
“How many of you have read the TILA-RESPA rule?” Only five people in the audience raised their hands for having read the abbreviated rule — only two raised their hands for having read the full rule.
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Lenders have some new options; some are great, but many are not so good
Tommy A. Duncan
Software is not likely to replace a well-trained quality control professional, but that hasn’t prevented an increase in mortgage-technology acquisitions aimed at buying the best-automated QC system on the market.
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Rushmore Loan Management Services to open branch in Puerto Rico

Expands loan servicing operations with office in San Juan
Ben Lane
The company plans to hire approximately 50-60 new employees to staff the San Juan office. According to Rushmore CEO Terry Smith, Rushmore will immediately begin servicing approximately 4,000 residential loans and REO when the branch office opens in November.
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Bank Mutual chooses Mortgagebot to provide complete origination platform

System said to offer accessibility, efficiency, compliance and security
Ben Lane
"D+H’s Mortgagebot solution offers the full front-to-back, integrated system we were looking for; in addition to customer service, its reputation for uptime and client focus is outstanding within the industry," said Dan Mekemson, Bank Mutual’s senior vice president and director of mortgage lending.
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California housing market underperforms in July

Pending home sales drop four months straight
Brena Swanson
July was not a strong month for the California housing market as the state continues to underperform. On the positive side, the share of equity sales — or non-distressed property sales — maintained its upward trend, increasing to 90.6% in July, up from 90.3% in June.
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Wells Fargo CEO: GSEs choke mortgage business

“We’re just not going to make those loans”
Brena Swanson
Wells Fargo CEO John Stumpf warned the government-sponsored enterprises that they must stop being so quick to accuse banks of faulty underwriting and then forcing them to repurchase soured loans.
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Living with a dog under the woof

Celebrate National Dog Day!
Brena Swanson
To all the four-legged man's best friends out there – today is National Dog Day! And to celebrate, HousingWire decided to write an article about why and how homeowners can improve the dog-companion experience.
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BofA settlement consumer relief comes with a price

Tax requirements change true financial benefit
Brena Swanson
Although $7 billion of the Bank of America settlement is going toward consumer relief, those who accept it could face some financial difficulties later due to tax requirements.
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'Nashville' house hits the market for $19.5 million

HousingWire Staff
An expensive estate known as the home of Rayna Jaymes, a popular character on the ABC-TV series "Nashville," is now up for sale. The 20,533-square-foot property...
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