Why Lenders Love the $2.5 Million Home Loan

Why Lenders Love the $2.5 Million Home Loan Home loans from $1 million to $5 million were the fastest growing part of the jumbo market in January, according to purchase application data from the Mortgage Bankers Association. Wealthy borrowers are seeking even bigger loans this year while luxury housing prices rise and lenders lure them … Read more

Judge Has Enough, Tells Bank Lawyer She is Referring Him to The Bar in Our Latest Trial Win!

Judge Has Enough, Tells Bank Lawyer She is Referring Him to The Bar in Our Latest Trial Win! Cross-posted from The Law Offices of Evan M. Rosen Plaintiff starts off wanting leave to amend to add a lost note count at the beginning of trial. Despite pleading that the Plaintiff is the owner and holder … Read more

Few clues after body found inside foreclosed home

NBC-2.com WBBH News for Fort Myers, Cape Coral Few clues after body found inside foreclosed home CAPE CORAL, FL – For the first time we are getting a closer look at a case Cape Coral Police say has been full of twists and turns. “This is a very unique case,” said Major Crimes Unit Sergeant … Read more

Agencies Announce Reissuance of (Bounced?) Rust Consulting Checks Related to the Independent Foreclosure Review

Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency February 18, 2015 Agencies Announce Reissuance of Checks Related to the Independent Foreclosure Review Replacement checks are being mailed this week to borrowers eligible for payment under the Independent Foreclosure Review Payment Agreements and who have not yet cashed or … Read more

Hedge Funds Exit Housing Securities as Prices Rise

Hedge Funds Exit Housing Securities as Prices Rise (Bloomberg) — Hedge funds that profited on residential mortgage debt after the financial crisis such as Pine River Capital Management and Canyon Partners are trimming their bets as prices rise. Gorelick Brothers Capital is also exiting investments in both uninsured and government-backed home loan securities. The firm … Read more