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  • SEC, FBI reportedly investigating Live Well Financial collapse

    Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the lender. According to documents filed by Live Well’s creditors, the SEC, the U.S. Attorney's Office in the Southern District of New York, and the FBI’s Bank Fraud Division have all been poking around for information on Live Well’s dealings. Click the headline for the full story.

Items Tagged with 'Texas housing'

ARTICLES

  • HUD providing $652 million more for Hurricane Harvey recovery efforts in Texas

    Additional money on top of original $5 billion grant
    With parts of Texas still recovering from the damage caused by Hurricane Harvey in 2017, the Department of Housing and Urban Development announced Monday that it is granting an additional $652 million to aid in the recovery. The new funding will supplement the more than $5 billion that HUD originally gave to Texas to recover from Harvey.
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  • Direct buyer Offerpad planning significant expansion, beginning in Texas

    Begins operating in Houston metro area, San Antonio expansion coming soon
    Last year, Offerpad secured $150 million in funding, which the direct homebuyer said it planned to use for business expansion. Late last year, Offerpad began operating in Tucson, Arizona, and expanded into the Dallas-Fort Worth metroplex. As it turns out, that won’t be the company’s only foray into Texas.
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  • Texas Real Estate Commission, Appraiser Board accused of ignoring customer service “crisis”

    Government watchdog says licensing agencies are hoarding money
    The Texas Sunset Commission, a state government watchdog agency, said in a report published this month that the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board are keeping excess revenue in their coffers to pay for a new building rather than using the money to deal with customer service problems that are “overwhelming” the agencies.
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  • Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments

    Police in Southlake issue warning about imposters
    Police in Southlake, Texas, a suburb of the Dallas/Ft. Worth Metroplex and the fourth wealthiest city in the U.S., issued a warning this week about scammers who are hacking into the email accounts of real estate professionals and then pose as title company employees in order to steal a homebuyer’s down payment. And in Southlake, the down payments can be quite high.
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  • Flat-fee real estate company Home Bay expands to Texas

    Now available in five states
    In July, Home Bay, a San Diego-based startup that offers real estate services for a flat fee, announced that it raised $5 million to fund its expansion beyond California. Since then, Home Bay has expanded to Florida, Illinois, and Georgia. And now, Home Bay is available in Texas as well.
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  • Better Mortgage launches in Texas

    Online mortgage lender adds Texas as 14th market
    Consumers in the Lone Star State can now turn to online lender Better Mortgage for their mortgage needs. The company expanded its base throughout 2017, most recently expanding to Florida in August. Texas is the company’s 14th market.
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  • Ocwen reaches mortgage servicing settlement with Texas

    Latest in string of settlement with state mortgage regulators
    Another day, another mortgage servicing settlement for Ocwen Financial. Recently, the nonbank has been on a settlement streak, reaching agreements with 20 of the 31 states that took regulatory actions against Ocwen earlier this year over alleged escrow issues and restricted Ocwen’s ability to acquire new mortgage servicing rights and originate new loans. Now, it’s Texas’ turn.
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  • Here’s how Texas is solving its inventory crisis

    Dallas homebuilding outpaces rest of country
    Texas’ inventory shortages won’t be around much longer if the state keeps up its crazy-fast home building pace. The state is currently blowing past the rest of the country in homebuilding, with only three Texas markets – Dallas, Houston, and Austin - on pace to make up more than 10% of all permits in the U.S. Ralph McLaughlin, Trulia's chief economist, explains what the growth means for the Lone Star State.
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