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Loan mod scheme from 2009 finally gets settled at $4.6M

Housing Wire

According to the DOJ, from 2009 through 2015, Lindeman and his wife targeted Hispanic homeowners through Spanish-language advertising that promised to cut mortgage payments in half. Kourouklis ran a company called Summit Development Solutions USA, LLC , which provided mortgage modification services to clients of ALG.

Law 331
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Coldwell Banker Realty welcomes new Boston team

Housing Wire

Moving our entire team over to Coldwell Banker Realty was the best decision for our clients. No one else compares when it comes to brand recognition and tools to market our clients’ homes. joined the business in 2009, bringing extensive experience in sales, marketing and strategic management. said in a statement. DelRose Sr.

Realty 383
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Why equity-tapping challenges may make reverse mortgages ‘inevitable’

Housing Wire

Lenders have rarely underwritten more than 100,000 federally insured ones in any fiscal year, and that hasn’t happened since 2009,” Lieber wrote. One financial planner — Jeremy Eppley of Owings Mills, Maryland — shared the story about why he recommended the product to a client.

Mortgage 385
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First Home Mortgage Promotes Tim Whittier to President

Appraisal Buzz

Whittier first joined First Home Mortgage in 2009. I look forward to working closely with our clients, partners, and team members to achieve even greater heights.” Tim Whittier has been promoted to president at First Home Mortgage. He began his mortgage banking career in 1992 directly out of the University of Maryland.

Mortgage 195
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Origins: From managing restaurants to reverse mortgage partnerships

Housing Wire

Humble beginnings Schmidt was working as a restaurant manager in the late 2000s, and in 2009 he caught wind of a potential opportunity from one of his employees. Schmidt describes driving into a small town like Poteau, Oklahoma , and speaking with a client in their home. But he also gained some fascinating other experiences as well.

Mortgage 384
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Foreigners bought $53B in US existing home sales, a 10% drop

Housing Wire

It was the lowest number of homes bought since 2009, when NAR began tracking this data. Residential Real Estate report surveyed members about transactions with international clients who purchased and sold U.S. Overall, U.S. existing-home sales totaled 5.03 million in 2022, down 17.8% NAR’s 2023 International Transactions in U.S.

Buyers 345
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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.