Can Quicken Loans save Detroit?

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Suspect arrested in case of missing Arkansas Realtor

No word on Beverly Carter; suspect is on parole for theft

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
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The Ticker

Simplifying the process makes everyone happy
Kofax

Using a mobile app solution to complement your origination process gives you the tools you need to engage consumers on their preferred device and turn the experience into a positive one. 


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Are your Facebook friends the future of your FICO score?

One financial expert thinks so
Ben Lane
“You could easily have a scenario in 10 years where a customer’s chances of credit are determined not only on their spending, but also on their friends, family members and their social profile,” Gi Fernando said. “By giving up a bit more information to the banks, you might stand to benefit in a wider choice of products.”
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Was the rescue of the Too Big To Fails even legal?

Lawsuit on AIG bailout may provide the answer
Trey Garrison
Reuters reports that one of the most interesting things coming out of the trial that began Monday is that finally someone is asking whether the federal government’s rescue of American International Group was even legal.
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Bank of America to pay $7.65 million for $4B capital error

SEC, BofA agreement also includes new stress test for bank
Trey Garrison
Bank of America (BAC) is settling with the Securities and Exchange Committee to pay a $7.65 million penalty for a $4 billion capital error it disclosed earlier this year.
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5 questions to ask yourself before buying in an up-and-coming market

How can you be sure the value will hold up?
Deirdre Bolton
For example, even if you don’t have school-aged children, find out how long the principal of the local school has been there and how much turnover there is with school’s administrative team.
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Concentric Equity Partners acquiring CoreLogic field services

CEP expanding its strategic footprint
Trey Garrison
Concentric Equity Partners has agreed in principle to purchase CoreLogic's Property Preservation and Valuation divisions, according to unconfirmed reports.
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Acquiring new customers vs. retaining existing customers

TILA-RESPA will force you to get creative on revenue and profits
Matt Corcoran

We offer a solution on the Pavaso platform called Title Check — where title companies can stay in front of existing customers by offering them an annually recurring service to check their title and ensure it’s clean. This is an entirely new line of revenue to leverage all of those customers that they’ve acquired and closed, instead of purely focusing on bringing in the next closing. 


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Are the days of giant mortgage cases over?

Holder’s departures signals end of housing era
Brena Swanson
Good news for banks: Attorney General Eric Holder’s departure is the beginning of the end of the Justice Department’s push to hold big banks accountable for their pre-crisis conduct.
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U.S. Attorney General Eric Holder to step down

Departs after nearly six years
Brena Swanson
U.S. Attorney General Eric Holder will announce on Thursday he is stepping down after a term marked by advances in civil rights and frequent battles with Republicans in Congress.
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Fair Housing discrimination law under scrutiny

Texas officials challenge law
Brena Swanson
Historically, courts have ruled that plaintiffs making discrimination claims under the Fair Housing Act don’t have to prove intentional bias. But this could change soon depending on a Texas lawsuit.
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