Correspondent News; loanDepot’s Builder Partnership; Settlement and Legal Info

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Posted To: Pipeline Press

A shift in housing? Returns for landlords softened last year as about 400,000 units entered the US multifamily-housing market, outstripping demand, according to RealPage . Rent increased an average 2.5% in 2017, down from a peak of 5.2% in 2015, while rent from newly signed leases decreased 0.9% in the fourth quarter compared with Q3. Settlements, Legal News, and Compliance Updates Hard to believe Countrywide has been gone 10 years. Time flies, and another name from “the way back machine” is Taylor Bean Whitaker which collapsed in 2009. It was discovered that TBW chairman Lee Farkas and others were guilty of phony accounting and triple-selling mortgages to various financial institutions to cover for hundreds of millions in nonexistent mortgages, with Colonial Bank funding TBW’s “mortgages….(read more)

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