Tag Archives: Attorneys & Title Companies

MGIC Investment Corporation is on its way to resolving stipulations from Freddie Mac in order to continue issuing insurance.

Alan David Tikal of Brentwood, California, was arrested at his home for a complaint that he scammed more than 1,000 homeowners out of millions of dollars in a fraudulent foreclosure rescue scheme. He allegedly convinced homeowners that he could work out their mortgage debt and replace it was a lower debt to his own company, KATN Trust. Having been instructed to ignore all correspondence from their original lenders, victims paid thousands of dollars in upfront fees and then made regular payments on their new loans.

Having reached its apparent peak in June, construction spending continued its backward slide in August, the Census Bureau reported.

Despite some heavy risks hanging over the industry, Moody's is projecting a positive future for the nation's homebuilders, the agency revealed.

The fall of an Illinois bank brought the year's national bank failure tally to 43, FDIC announced Friday. The Illinois Department of Financial and Professional Regulation's Division of Banking closed First United Bank in Crete, Illinois, appointing FDIC as receiver. To protect depositors of the failed bank, FDIC entered into a purchase and assumption agreement with Old Plank Trail Community Bank in New Lenox, Illinois.

The former Beverly Hills home of Ernest Borgnine has hit the market in Los Angeles, California. The gated estate, designed in 1938 by architect L.G. Scherer, is currently listed for $3.395 million.

More than 800 homeowners from across Missouri, Kansas, and Nebraska, came together with local business leaders, real estate professionals, politicians, and civil rights leaders this week in support of homeownership. The rally took place in Independence, Missouri, and is one of nine events organized by the National Association of Home Builders (NAHB) to urge elected officials to back homeownership initiatives.

Lending QB and DocMagic have teamed together to offer a more seamless approach to loan origination in LendingQB's origination software.

Home prices and home sales are rising, despite lackluster demand of traditional owner-occupied housing, according to Tim Rood of The Collingwood Group.

The number of borrowers using private mortgage insurance (MI) continues to climb, according to the latest monthly statistical release from Mortgage Insurance Companies of America (MICA). MICA's member companies - which include Genworth US Mortgage Insurance, Mortgage Guaranty Insurance, and Radian Guaranty - reported $397.5 billion in primary insurance during August, an increase from $396.4 billion in July. The total tally for primary insurance received a boost from reported monthly increases in volume, certificates issued, and applications.