Quite a few people would call it just desserts when the guy who made millions of dollars off of litigating the national foreclosure crisis and then later was disbarred for falsifying foreclosure documents at his law firm has to sell his $32-million mansio...
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You've probably heard the saying, "You have to spend money to make money," but in the case of Timothy Ritchie, it's more like you have to fake spending money to make money. Ritchie recently pled guilty to making false statements arising from a real estate...
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In response to the financial crisis of 2008, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank"), the most sweeping and comprehensive financial services legislation since the 1930s. One of the central featu...
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It's about to get harder to make last-minute changes before closing on your home. The Consumer Financial Protection Bureau (CFPB) recently opted to combine mortgage forms and disclosure documents into one packet that must be given to buyers and sellers mu...
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Bank of America lost its bid on Tuesday to overturn a jury verdict that resulted in a $1.27 billion civil penalty over the packaging and selling of toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac in the run-up to the financial c...
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With implementation of the financial assessment just over a month away, the new rules' impact on reverse mortgage counseling agencies — as well as the industry at large — has yet to be seen. But industry stakeholders agree it will place a greater de...
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Federal officials are moving to enact wrongheaded policies that seem destined to create yet another mortgage crisis, housing expert Edward Pinto recently warned in the The Wall Street Journal. The White House's efforts to make mortgages more accessible a...
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Reasons for why some people do not plan appropriately for retirement are endless. Whether it is to pay off other debts or use funds toward other goals, a recent survey suggests that saving for retirement is just not a priority for an overwhelming share of...
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The Federal Housing Administration (FHA) today issued new guidance for under the Home Equity Conversion Mortgage (HECM) program, allowing lenders the option to delay foreclosure of non-borrowing spouses, according to a new Mortgagee Letter. The guidance ...
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Consumer confidence touched its highest point in more than seven years in January as Americans expressed a much rosier outlook for the economy and the job market. The Conference Board said Tuesday that its monthly Consumer Confidence Index rose to 102.9 ...
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