Tag Archives: Attorneys & Title Companies

Listing his estate in Beverly HIlls for just under $10 million, Oscar-winning actor Billy Bob Thornton is moving on. The 11,012-square-foot mansion, a Spanish-style home built in the 1920s, is currently on the market for $9.995 million.

Workforce Housing in the New Economy took center stage during a recent conference hosted by the University of Miami's School of Business Administration, School of Architecture, and Office of Civil and Community Engagement. Featuring expert commentary from past and present leaders for the Department of Housing and Urban Development (HUD), the Bipartisan Policy Center, the Consumer Federation of America, and Habitat for Humanity, the Florida-based event provided insight into the policies, programs, and regulations that are impacting housing for U.S. workers.

In a September National Association of Realtors (NAR) survey related to home appraisals over the past three months, 11 percent of Realtors said a contract was cancelled because a home was appraised at a value below the negotiated price. Another 9 percent said a contract was delayed, and 15 percent said a contract was renegotiated to a lower sale price. One reason for the low values, according to the NAR, is because some appraisers are not taking into account the difference between distressed and non-distressed homes when making comparisons.

Two former Goldman Sachs executives have joined forces to establish Kingsguard Advisors, LP. Announcing the November 1 launch date of their new venture, the co-founders of the company also revealed that they have formed a strategic partnership with Investcorp.

The Mortgage Bankers Association released a letter urging the CFPB to avoid proposals that may lead to consequences harmful to the industry.

Denver resident, 32-year-old Vicki Dillard Crowe was sentenced to 60 months in federal prison followed by three years of supervised release and a restitution payment of $2.4 million for mortgage fraud.

One in eight banks wouldn't be able to maintain adequate capital in a stressed economic environment, according to a Trepp report. Using data from Q2, 784├â┬ó├óÔÇÜ┬¼├óÔé¼┬Ø12.7 percent├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øof banks tested failed to meet capital adequacy requirements. For banks that failed the test, Trepp estimates an additional $25 to $27 billion of combined capital would be needed to achieve a passing grade. A test rendered using the increased capital ratio requirements under Basel III yielded more alarming results, with 23.5 percent of banks failing to keep adequate capital.

Radian Guaranty Inc. wrote $3.54 billion in new mortgage insurance in September, the company reported Wednesday.

Freddie Mac's Primary Mortgage Market Survey (PMMS) showed surprisingly little life this week following the better-than-expected jobs report for September. While rates did rise for the week ending October 11, most increases were mild. The 30-year fixed average posted the largest growth, rising to 3.39 percent (0.7 point) from 3.36 percent├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øa record low├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øthe week before. Bankrate's survey saw more dramatic increases, with the 30-year fixed hiking up seven basis points to 3.59 percent.

After a three-year battle, Ellie Mae and software developer DocMagic reached a settlement over an antitrust suit, the companies announced jointly. DocMagic first filed against Ellie Mae in August 2009, alleging antitrust violations, intentional interference with contractual relationships, interference with prospective economic advantage, and unfair competition, according to a company release sent out at the time.