RE/MAX Co-founder and Chairman Dave Liniger will be featured on the live webinar series, Secrets of Top Selling Agents, on Wednesday, May 22.
read more Posted on Housing Wire on May 20, 2013 at 6:36 PM
Indecomm Global Services acquired the assets of Mortgage U, allowing the company to expand its learning and mortgage training offerings as well as its total compliance support and consulting.
read more Posted on Housing Wire on May 20, 2013 at 4:39 PM
Here is the handout (2 pages) from today's CLE program on Amicus Briefing, sponsored by the Hawaii State Bar Association's Appellate Law Section. Links to the briefs mentioned are also posted here. Amicus Briefing - Hawaii State Bar Association, Appellate Law Section - CLE 5-20-2013 Posted on inversecondemnation on May 20, 2013 at 4:15 PM
PennyMac Financial Services rose 9% after the involvement of Omega Advisors Inc.?s Leon Cooperman was disclosed, Bloomberg reported.
Posted on Housing Wire on May 20, 2013 at 3:58 PM
NeighborWorks America, representing the NeighborWorks network, was ranked No. 3 among builders specializing in affordable for-sale homes, according to the Builder 100 list.
http://www.marketwatch.com/story/neighborworks-america-ranks-3rd-among-nonprofit-builders-of-affordable-homes-in-latest-builder-magazine-list- Posted on Housing Wire on May 20, 2013 at 3:25 PM
Michigan is tapping into a higher power to prevent foreclosures. Churches, their congregants and community leaders are working together to provide homeowners facing foreclosure with a few options.
Posted on Housing Wire on May 20, 2013 at 2:56 PM
The actor?s latest purchase ? a beautifully restored 1923 Spanish colonial home ? has an upscale kitchen, media room, guest house and green hillside views from almost every window, according to Zillow.
Posted on Housing Wire on May 20, 2013 at 2:51 PM
The opinion in many U.S. markets is that property management services are reserved for out-of-state owners or large investors. However, PMs are valuable whether your owners have one or 100 units, according to Trulia.
Posted on Housing Wire on May 20, 2013 at 2:25 PM
As first reported last week, three mega banks halted foreclosures earlier this month after receiving additional guidance from federal banking regulators. While JPMorgan is foreclosing again, Wells Fargo and Citi foreclosures remain frozen.
http://www.latimes.com/business/money/la-fi-mo-banks-foreclosure-halt-20130 Posted on Housing Wire on May 20, 2013 at 2:12 PM
House hunters looking to buy a foreclosure in South Florida often discover they are getting outflanked by the pros: investors wielding cash.
Posted on Housing Wire on May 20, 2013 at 1:58 PM
Advisory firm MountainView Servicing Group is managing the sale of a $755 million Fannie Mae servicing portfolio along with another portfolio comprised of $395 million in Fannie Mae and Freddie Mac loans.
read more Posted on Housing Wire on May 20, 2013 at 1:49 PM
SunTrust Banks won a court order on preventing Turnberry Capital Management from moving forward with a $13 million arbitration over MBS.
Posted on Housing Wire on May 20, 2013 at 1:39 PM
Don't use a credit card unless you can pay the bill in full, immediately, on the same day that you make a purchase, says investment expert Paula Pant.
AOL Real Estate
Posted on Housing Wire on May 20, 2013 at 1:24 PM
The housing sector may finally become a direct and meaningful contributor to U.S. economic growth in 2013 and beyond, according to NewOak CEO and Co-Founder Ron D?Vari.
read more Posted on Housing Wire on May 20, 2013 at 1:10 PM
Citigroup announced that Sanjiv Das will be stepping down as CEO of CitiMortgage and will be replaced by Jane Fraser, an article in Bloomberg reports.
Posted on Housing Wire on May 20, 2013 at 12:56 PM
Much of the interest in eminent domain law since Kelo v. New London understandably has been on the Public Use Clause, but as condemnation lawyers know, a supermajority of the issues in these cases involve the other part of the Takings Clause, the question of just compensation. The shorthand usually... Posted on inversecondemnation on May 20, 2013 at 12:56 PM
Treasury 10-year note yields traded at almost a two-month high before Federal Reserve Chairman Ben Bernanke discusses the economic outlook this week.
Posted on Housing Wire on May 20, 2013 at 12:50 PM
Paulson & Co. was bullish on mortgage insurers in Q113, tripling the number of shares it held in Radian Group and reporting a new equity stake in MGIC Investment Group.
Posted on Housing Wire on May 20, 2013 at 12:43 PM
Investors should take advantage of the agency MBS weakness, but remain cautious on derivatives and specified where housing strength and policy risk is eroding prepayment reduction, Bank of America Merrill Lynch said.
read more Posted on Housing Wire on May 20, 2013 at 12:14 PM
Brentwood, Tenn.-based Churchill Mortgage strengthened its company by promoting 16 employees to leaderships positions within its headquarters.
read more Posted on Housing Wire on May 20, 2013 at 11:47 AM
In the latest case, Bennett v. MERS, the New Hampshire Superior Court agreed to dismiss a quiet title action by a homeowner, who claimed MERS transfer of the note was not recorded, clouding his title.
read more Posted on Housing Wire on May 20, 2013 at 11:27 AM
To entice investors back into the market the FHFA should require the GSEs to offer risk sharing options to lenders at the entry point rather than on the back end after loans have been delivered to the enterprises, the MBA said.
read more Posted on Housing Wire on May 20, 2013 at 11:13 AM
The Consumer Financial Protection Bureau issued its final escrow rule to better clarify the guidelines for lenders.
Posted on Housing Wire on May 20, 2013 at 10:53 AM
Former U.S. Senator Judd Gregg, R-N.H., is the newly appointed chief executive officer of the Securities Industry and Financial Markets Association.
read more Posted on Housing Wire on May 20, 2013 at 10:33 AM
Lenders are starting to brace themselves as millennials jump back into the housing market.
Daily Mortgage News and Commentary
read more Posted on Housing Wire on May 20, 2013 at 10:24 AM
The slow in economic activity is partly due to ongoing fiscal drags, including the budget sequester. However, a modest reacceleration is expected in the second half of this year, as the housing market continues to gain traction, Fannie Mae said in a new report.
read more Posted on Housing Wire on May 20, 2013 at 9:58 AM
A reminder that not everyone loves Business Improvement Districts: A Los Angeles Superior Court judge has ordered the Arts District Business Improvement District to dissolve, capping a long feud between the entity and a group of property owners. The BID... Posted on PropertyProf Blog on May 20, 2013 at 6:30 AM
Slate has a captivating piece on "foundling tokens." During the 18th century, mothers who left their babies at London?s Foundling Hospital would deposit something small, but unique, with the hospital to serve as an identifier in the event parents returned... Posted on PropertyProf Blog on May 20, 2013 at 6:15 AM
Christopher Yoo (Penn) has posted Beyond Coase: Emerging Technologies and Property Theory (Penn) on SSRN. Here's the abstract: In addition to prompting the development of the Coase Theorem, Ronald Coase?s landmark 1959 article on The Federal Communications Commission touched off... Posted on PropertyProf Blog on May 20, 2013 at 6:00 AM
From a Justia.com Opinion Summary:
Debtors filed a Chapter 7 bankruptcy petition and sought to discharge their unsecured debt, strip down liens on their primary residence and a rental property, and obtain a loan modification to address mortgage arrears on the properties.
The Trustee subsequently challenged confirmation orders entered by the bankruptc Posted on The Home Equity Theft Reporter on May 20, 2013 at 4:08 AM
From a client alert from the law firm McGuireWoods:
On April 15, 2013, U.S. District Judge John R. Adams of the Northern District of Ohio dismissed Ohio landowners? claim that oil and gas leases not properly notarized are invalid, in Cole v. EV Properties, L.P.
In this class action lawsuit, the landowner plaintiffs admitted to signing an oil and gas Posted on The Home Equity Theft Reporter on May 20, 2013 at 4:06 AM
From a Real Estate Finance Newsletter from the law firm Bradley Arant Boult Cummings LLP:
In Alabama, when a property owner fails to pay his ad valorem property taxes, his property may be sold at a public auction to the highest bidder (the ?tax purchaser?). Statutory law in Alabama provides that the owner of the property who failed to pay the taxes, a Posted on The Home Equity Theft Reporter on May 20, 2013 at 4:04 AM
In Columbus, Ohio, The Columbus Dispatch reports:
The Ohio Supreme Court has ruled that servicing a residential mortgage does not constitute a ?consumer transaction? as defined by state law, a ruling that consumer groups and attorneys say eliminates a protection for homeowners trying to save their homes amid the housing collapse.
The ruling stems fro Posted on The Home Equity Theft Reporter on May 20, 2013 at 4:02 AM
Real estate columnist Kenneth Harney writes:
Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender?
Th Posted on The Home Equity Theft Reporter on May 20, 2013 at 4:00 AM
I was delighted over the weekend to see a response from Bill Fischel (Dartmouth) on my blog post series about local government units. Bill is undoubtedly well known to many readers of this blog for his work on land use... Posted on Land Use Prof Blog on May 19, 2013 at 6:23 PM
In Denver, Colorado, The Denver Post reports:
The owners of an Aurora woman's mortgage said they absolutely will file a foreclosure lawsuit to take her house because of claims that Colorado's public trustee process is unconstitutional.
In a request to dismiss a federal lawsuit against them, lawyers for U.S. Bank on Thursday said they'll pursue a fore Posted on The Home Equity Theft Reporter on May 19, 2013 at 4:08 AM
In Charleston, West Virginia, The West Virginia Record reports:
A Charleston man is suing Bank of America N.A. and JPMorgan Chase Bank N.A. for illegal debt collection in two separate lawsuits.
In 2005, William Martin was induced into two simultaneous loans with Quicken Loans based on misrepresentations regarding the actual value of his property, acc Posted on The Home Equity Theft Reporter on May 19, 2013 at 4:06 AM
In Mishawaka, Indiana, the South Bend Tribune reports:
A series of setbacks led to a Mishawaka woman's home being sold at a county tax sale, and a St. Joseph County judge is weighing whether she was adequately warned that her house was in jeopardy.
Meanwhile, attorneys and judges around the state are waiting for the Indiana Supreme Court to rule on a Posted on The Home Equity Theft Reporter on May 19, 2013 at 4:04 AM
In Miami, Florida, WSVN-TV Channel 7 reports:
An elderly woman on the verge of losing her South Florida home received the best Mother's Day gift after a Good Samaritan came to her rescue.
Thousands of unpaid property taxes almost caused Thelma Turner to lose the house she has called home all her life. "We grew up in that house," said Turner, "going to Posted on The Home Equity Theft Reporter on May 19, 2013 at 4:02 AM
In White Plains, New York, the New York Post reports:
Deloitte CEO Joe Echevarria and wife Ana have been ordered by a judge to pay $110,000 to their 82-year-old real-estate broker after cheating her over the sale of their New York mansion.
The head of the prestigious firm didn?t account for the fact that Bernice Gottlieb, a longtime friend who even t Posted on The Home Equity Theft Reporter on May 19, 2013 at 4:00 AM
Mark Edwards (William Mitchell) has posted The Paradoxes of Restitution, forthcoming in the West Virginia Law Review. The abstract: Restitution following mass dispossession is often considered both ideal and impossible. Why? This article identifies two previously unnamed paradoxes that undermine... Posted on Land Use Prof Blog on May 18, 2013 at 10:26 PM
Here's another recently-posted paper from Stephanie Stern (Chicago-Kent): Protecting Property Through Politics: State Legislative Checks and Judicial Takings, forthcoming in the Minnesota Law Review. The abstract: In the 2010 Supreme Court case Stop the Beach Renourishment v. Florida Department of... Posted on Land Use Prof Blog on May 18, 2013 at 9:59 PM
In Geneva, Illinois, WBBM-TV Channel 2 reports:
The timing couldn?t have been better for a family from north suburban Geneva when they hit the jackpot after finding some old Lotto tickets stuffed in a cookie jar.
Earlier this month, Ricardo Cerezo said his wife was cleaning the kitchen in the home they were about to lose to foreclosure. She told him Posted on The Home Equity Theft Reporter on May 18, 2013 at 4:10 AM
In New York City, The Wall Street Journal reports:
More than 200 attorneys and support workers with Legal Services NYC, which aids impoverished New Yorkers, walked off the job Wednesday in a dispute over salary increases and retirement and health-care benefits.
Legal Services NYC is the largest provider of civil legal services in the country and rece Posted on The Home Equity Theft Reporter on May 18, 2013 at 4:08 AM
In New York City, the New York Post reports:
The US Marshals Service said  that its $17.75 million sale of fraudster Hassan Nemazee?s plush Park Avenue penthouse marked the biggest real-estate deal in the agency?s 224-year history.
The 14-room duplex was forfeited by the former Democratic campaign bundler as part of his guilty plea for running a $2 Posted on The Home Equity Theft Reporter on May 18, 2013 at 4:06 AM
From the Office of the U.S. Attorney (Fort Lauderdale, Florida):
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and Michael J. DePalma, Acting Special Agent in Charge, Internal Revenue Service, Criminal Investigations (IRS-CI), announced that Efrain Felipe, 41, of Hallandale Beach, was charged in a two count Informatio Posted on The Home Equity Theft Reporter on May 18, 2013 at 4:04 AM
In Wilmington, North Carolina, WECT-TV Channel 6 reports:
Sheree Harrell, a woman who fosters children with autism, is facing eviction. The home she rents in Landfall was foreclosed on by the bank after the homeowner fell behind on his mortgage payments.
Right now, Harrell has two foster children living with her. She said it would be disruptive to th Posted on The Home Equity Theft Reporter on May 18, 2013 at 4:02 AM
From the U.S. Department of Justice (Washington, D.C.):
A federal grand jury in U.S. District Court for the Eastern District of California in Sacramento  returned a superseding indictment charging Andrew B. Katakis, of Danville, Calif., with obstruction of justice related to a federal investigation into conspiracies to rig bids and commit mail fraud Posted on The Home Equity Theft Reporter on May 18, 2013 at 4:00 AM