Two Illinois law firms specializing in mortgage creditor's rights have announced that they will merge as of Oct. 1.Shapiro & Kreisman LLC and Fisher and Fisher, Attorneys at Law, PC said the new firm will operate as Fisher and Shapiro LLC and maintain its principal office in Northbrook, Ill., as well as an office in Chicago. Elizabeth Kaplan Meyers will be the managing attorney for the combined operation. Gerald Shapiro, a partner in the new venture, said the merger is "a natural move for both of our firms, as the legal needs of our clients continue to require increased investment in technology as well as the retention of highly experienced attorneys and staff."
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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Though the crimes occurred earlier this decade, they highlight how much easier it has become to create false documents today, given the rise of artificial intelligence.
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The "stay-put" economy, along with higher mortgage rates, is responsible for this shift where home equity and seconds have a 17.5% market share, Benutech found.
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