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

Veros Integrates with Calyx for AVM software

VeroVALUE, other AVMs now available through Calyx
Brena Swanson
Veros Real Estate Solutions’ automated valuation model VeroVALUE and its other AVMS are integrating into Calyx Software’s Point software.
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zipLogix, Realty Pilot partner to enhance real estate solution

Solution tracks transaction history
Brena Swanson
zipLogix and Realty Pilot, a developer of enterprise software and data analytics for the real estate industry, entered into a strategic partnership, integrating Realty Pilot’s OfferRunway.com technology to zipForm Plus.
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5 big lenders to help lower military mortgage payments

Obama Administration's new push to help service members
Brena Swanson
In a new effort to help provide home financing to service members, five top lenders commit to the Obama Administration’s new program to help people in the military save hundreds of dollars or more each year.
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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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