Fee Simple: Understanding CA's New Recording Fees
On Sept. 29, 2017, California Gov. Jerry Brown signed Senate Bill 2, the Building Homes and Jobs Act, authored by Senator Toni Atkins (D-San Diego).
Massive Judgment Against Quicken Title Affiliate
A massive judgment has been awarded by a jury in a lawsuit accusing a title insurance company affiliated with Quicken Loans Inc. of misappropriating valuation technology.
S. 2155 Amendment Boon for Credit Bureaus
An amendment proposed to the bill to overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act would prohibit lawsuits against the credit bureaus.
Consumer Bankruptcies Rise Last Month
More consumers resorted to bankruptcy last month than in the first month of the year, though a year-over-year decline was reported.
1 Billboard Inside Wilmington, North Carolina
A delinquent borrower has paid for a billboard in Wilmington, North Carolina, in his effort to avoid a foreclosure on his delinquent loan with SunTrust Mortgage Inc.
Final Servicing Rule Addresses Industry Concerns
A mortgage servicing rule has been finalized that addresses concerns that the industry has about communicating with bankrupt borrowers.
RBS Reaches Another RMBS Settlement
A unit of the Royal Bank of Scotland has agreed to settle allegations that it misrepresented the quality of residential mortgage-backed securities to investors prior to the financial crisis.
Former Head of Mortgage Firm Faces Possible Prison
The former head of a mortgage banking firm who previously admitted criminal conduct and avoided incarceration might now face prison time because of unpaid restitution.
Retail, Reverse Overcome Lending Slump at Ocwen
Total mortgage originations weakened last year at Ocwen Financial Corp. But retail lending and reverse mortgage production both significantly increased. Also improving was delinquency. Quarterly earnings were hurt by legal expenses.
Another Auditor Settles Over Taylor Bean Fraud
A second financial auditing firm has reached a settlement that is tied to the failure of Taylor, Bean & Whitaker Mortgage Corp.