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”
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Items Tagged with 'Fannie Mae'

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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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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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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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FHFA watchdog: GSEs still at risk of TBW-style scams

Counterparty risk still real threat
Ben Lane
In a new report, the FHFA’s watchdog warns that the government-sponsored enterprises and their government counterpart, Ginnie Mae, must make improvements in several areas to avoid a recurrence of the multi-billon dollar losses that were suffered at the hands of Taylor, Bean & Whitaker chairman Lee Farkas, who is now behind bars, and his co-conspirators.
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HousingWire asks if immigrants can save housing, Fannie Mae answers yes

Immigrant ownership grew as native ownership dropped in the 2000s
Trey Garrison
Immigrant homeownership rates grew through the 2000s even as native-born homeownership declined after the bubble burst.
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Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims
Sarah Wheeler

The FHFA has now settled with 15 of the 18 banks that it brought suit against following the financial crisis. The regulator's lawsuit against Goldman Sachs was scheduled to go to trial in September.


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It's settled: Principal reduction is smart policy

How the BofA settlement opened the door
Christie Peale

For the first time, loans insured by the Federal Housing Administration will be eligible for principal reduction under the consumer relief menu in a major settlement. 


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Who said the MSR market was frozen?

Another billion-dollar bulk portfolio available for sale
Ben Lane
Ocwen Executive Chairman William Erbey called the mortgage servicing rights market frozen in April. While that may be true from his perspective, recent activity shows a fair amount of activity elsewhere in the space.
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The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
Brena Swanson
Almost six years into conservatorship and barely any progress has been made to reform Fannie Mae and Freddie Mac or create a new housing system. But before reform can even happen, the Urban Institute said these 10 design issues need to be addressed.
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Goldman Sachs: 3 reasons housing is not in a bubble

Though not likely to grow, either
Jacob Gaffney
The increase of the price of assets, primarily in real estate and equities, could be considered by some to foreshadow another economic bust. But that's not the case at Goldman Sachs.
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