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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 358
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Chris Rochon Joins Business Development Team

Lamacchia Realty

After spending over a year as a REALTOR with Lamacchia Realty, Chris Rochon has made the exciting jump to the Business Development team. He always loved working with people, getting to know the other REALTORS just as well as his clients. Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR.

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The long road to remote reverse mortgage counseling in Massachusetts

Housing Wire

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. We had accumulated a track record and the counseling agencies were instrumental.”

Logistics 378
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. Yet staggeringly few are aware of its existence.

Finance 441
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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009. The facts of this case are clear, and demonstrate that our practices were compliant and that the refinance loans we provided benefited our West Virginia clients,” a Rocket spokesperson said.

Appraisal 412
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ALTA shakes up leadership team with staff promotions

Housing Wire

Steve Gottheim, who has been with ALTA since 2009, was promoted to general counsel. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. After the onset of the pandemic, Gottheim helped ensure the title insurance industry was deemed an essential business.

Insurance 236
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RON is here to stay – Here’s what you need to know

Housing Wire

From understanding the importance of RON in the title industry and discovering the potential business benefits to learning how you can start offering RON closings to your clients, here’s the need-to-know info to get started. . This person should immerse themselves in the constant developments of RON in the industry.

Law 366