Settlement

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 1.2 percent from May to June
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 1.2 percent from May to June, according to the latest First American Loan Application Defect Index report. On a year-over-year basis, the Defect Index shot up by 16.7... Keep Reading....
National REO and property preservation service providers TruAssets LLC and Northsight Management LLC have announced that they are merging
National REO and property preservation service providers TruAssets LLC and Northsight Management LLC have announced that they are merging. The new company will retain the Northsight Management name and will be led by TruAssets’ Steve Johnson as President and Northsight Management’s Josh Sarchet as... more
Two new data reports highlight the state of foreclosure and mortgage delinquencies
Two new data reports highlight the state of foreclosure and mortgage delinquencies.   ATTOM Data Solutions’ new Midyear 2017 U.S. Foreclosure Market Report determined there were 428,400 properties with foreclosure filings in the first six months of this year, a 20 percent drop from the same time... more
Spiegel Accountancy has formed an alliance with Bedford Cost Segregation to assist its mortgage lending clients in applying research and development tax credits as a beneficial tax strategy
Spiegel Accountancy has formed an alliance with Bedford Cost Segregation to assist its mortgage lending clients in applying research and development tax credits as a beneficial tax strategy.   While the R&D tax credit has been around since 1981, it was recently made permanent and the incentives... more
Fannie Mae and Freddie Mac completed 16,521 foreclosure prevention actions in April, according to new data from their regulator, the Federal Housing Finance Agency (FHFA)
Fannie Mae and Freddie Mac completed 16,521 foreclosure prevention actions in April, according to new data from their regulator, the Federal Housing Finance Agency (FHFA).   During April, the government-sponsored enterprises reported 11,328 permanent loan modifications. The share of modifications... more