Deerfield Capital Corp. (DFR) received a “Wells notice” from the Securities and Exchange Commission (SEC) stating the SEC staff will recommend that the SEC bring an enforcement proceeding against DFR for possible violations. … The company had said that the SEC has been investigating certain mortgage securities transactions effected by Deerfield Capital Management (DCM), now DFR’s indirect wholly-owned subsidiary, for DFR in 2005 and 2006, involving REMICs and re-REMICs, and the accounting for those transactions.
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With rapid change in the industry, real estate agents can choose to fight for the status quo or they can evolve and adapt, HousingWire Columnist Dustin Brohm writes.
Last December, home prices climbed by 4% from the previous year, according to CoreLogic. By the end of this year, the company projects they’ll increase by 5.2%.