Mortgage servicers have been getting whacked upside the head thanks to the 'Foreclosure-gate' scandal, sweeping the nation. But a Florida law firm that processes foreclosures for servicers has won a battle (for now) against state attorney general Bill McCullom (a former Republican Congressman, by the way.) Judge Jack S. Cox of the Fifteenth Judicial Circuit in Palm Beach County ordered an immediate halt to the investigative subpoena issued by McCollum's office. The "Petition to Quash" was brought by Shapiro & Fishman, LLP, which has been targeted for investigation concerning foreclosure processes throughout Florida. In his five-page ruling, Judge Cox said the Attorney General lacks jurisdiction over this matter. More to come on the National Mortgage News website in an hour…
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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