ALEXANDRIA, Va. — The CEO of what had been one of the nation's largest privately held mortgage lenders was sentenced Tuesday to more than three years in prison for his role in a $3 billion scheme that officials called one of the biggest corporate frauds in U.S. history.
The 40-month sentence for Paul R. Allen, 55, of Oakton, Va., is slightly less than the six-year term sought by federal
Rabu, 22 Juni 2011
Sabtu, 18 Juni 2011
I want to teach the world to sing in perfect harmony. ;)
Hey, why not, eh?
Here's some news. Yours truly, the Title Insurance Talk lady is looking for a new path, a new challenge. I have a wonderful replacement, an employee who I trust implicitly, to buy my business so I can move on when I find that next thing I want to do. It's time. ;)
What do I WANT to do? I'd love to find a place in which to help restore good practices in mortgage lending and
Here's some news. Yours truly, the Title Insurance Talk lady is looking for a new path, a new challenge. I have a wonderful replacement, an employee who I trust implicitly, to buy my business so I can move on when I find that next thing I want to do. It's time. ;)
What do I WANT to do? I'd love to find a place in which to help restore good practices in mortgage lending and
Kamis, 16 Juni 2011
Here's a fraud case to watch.
MURRIETA, Calif. (KABC) -- A family is being told the house they thought they bought in Murrieta actually belongs to someone else. The family says they can't stop making their mortgage payments.
"Even though you've made your payments in full every month, you could get a knock at the door saying get out," said would-be homeowner Charlie Zahari. "If you look at it, we're renters in a house
"Even though you've made your payments in full every month, you could get a knock at the door saying get out," said would-be homeowner Charlie Zahari. "If you look at it, we're renters in a house
Jumat, 10 Juni 2011
There hasn't been too much to talk about in title lately.
Or maybe I'm just not feeling compelled to post. Hmmm....what is an interesting case?
Well, here's an interesting situation. It's not new but it's always good to do a repeat.
We have a terrific program called Choose and Save. We're closing a transaction today in which the consumer found us and our program while shopping on the web. He was tough shopper and checked with numerous title
Well, here's an interesting situation. It's not new but it's always good to do a repeat.
We have a terrific program called Choose and Save. We're closing a transaction today in which the consumer found us and our program while shopping on the web. He was tough shopper and checked with numerous title
Senin, 06 Juni 2011
Well, here's a case that will cause regulators to notice escrow accounts.
MINEOLA, N.Y. (CN) - TitleServ, one of the largest title agencies in the country, swiped $7.9 million from customers' escrow funds, the underwriter WFG National Title Insurance Co. claims in Nassau County Court.
New Jersey Title Insurance Co. has filed a similar complaint against TitleServ, which "was authorized to write title insurance policies in at least 26 states, including New York
New Jersey Title Insurance Co. has filed a similar complaint against TitleServ, which "was authorized to write title insurance policies in at least 26 states, including New York
Selasa, 24 Mei 2011
Kamis, 19 Mei 2011
new disclosures in the making
Elizabeth Warren and the Consumer Financial Protection Bureau revealed two prototypes of mortgage disclosure forms Wednesday as part of the agency's effort to simplify documents for homebuyers shopping for mortgages.
The two prototypes combine the federal Truth in Lending Act mortgage disclosure form with the Real Estate Settlement Procedures Act to remove redundant information and allow
The two prototypes combine the federal Truth in Lending Act mortgage disclosure form with the Real Estate Settlement Procedures Act to remove redundant information and allow
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