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

Blogs

new REwired blog header

REwired

Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day. Read More

WATCH: Russian bank offers free cat visits to boost mortgage lending

There is a catch, you can't keep the cute creatures
Brena Swanson
Yes. Morris will help with the mortgage payments. As The Moscow Times reports: "A popular Russian superstition maintains that it is good luck if cats are first to enter a new home." If that doesn't work you can just have your toddler haul the hesitant feline in and throw it onto the floor, which happens around the 1:18 mark in the video. Adorable!
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Want a preview of where the 2Q GDP revision is heading?

The CBO has a clue for one and all
Trey Garrison
Well, today the Congressional Budget Office released its revised estimate of the total 2014 GDP. Take a good guess what it bodes for Thursday's Bureau of Economic Analysis GDP revision.
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Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution
Jacob Gaffney
“Servicing of mortgage loans can be an important, valuable component of a lender’s business and we thought it would be helpful to address some of these topics,” writes Fannie Mae's Stephen Pawlowski.
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Are home prices the latest evidence housing is stalling, or bubbling?

It gets better? No, it gets worse – just like job growth and wage stagnation
Trey Garrison
The housing industry is not happy about recent housing data, including Tuesday’s home price releases, and it looks like it’s going to get worse before it gets better.
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Mortgages: Has Dodd-Frank failed?

Industry needed its 250 new standards
Daren Blomquist and Peter Miller

The need for Wall Street Reform arose precisely because the financial industry was under-regulated. No less an authority than Alan Greenspan, the former head of the Federal Reserve and chief architect of the less-regulation approach, told Congress in 2008 that “those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief.” 


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Pavaso blog header revision 2

Closing Call

Breaking down the TILA-RESPA Integrated Disclosure, how it impacts your business, and ways to solve it. Written by the experts at Pavaso each business day. Read More

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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Interesting times for the mortgage industry require action

Recapping last week's posts and news on TILA-RESPA
Mark McElroy

Be aware that most systems don’t even stand behind their GFE/TIL and APR calculations with a rep and warrant for compliance.


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What's Google have to do with mortgages?

How a recent study of digital expectations relates to lending
Matt Corcoran

Mega-tech brands like Google and Amazon not only have the deep pockets and relationships to enter the space if they wish, but also have the hardware and software framework of the digital channels required to deliver a trustworthy consumer experience around something like a mortgage.


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The TILA-RESPA Combined Disclosure connection

Tim Anderson of DocMagic weighs in with Closing Call guest post
Tim Anderson

The primary issue is not only delivering the closing documents to the consumer three days ahead of closing (consummation), but now, with the delivery deadlines and tolerance requirements, the lender is on the hook to ensure even greater accuracy of the GFE/TIL at time of application.  


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How to avoid feeling violated by the CFPB

Recapping TILA-RESPA tolerances — 50 weeks out
Mark McElroy
Previously averaging around $5,000 in total for RESPA violations, TILA-RESPA fines will be even higher because these penalties are assessed per day rather than per infraction, and the violation doesn’t need to be “knowing” or “reckless” in order to merit a penalty.
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