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Ex-Woodbridge Group CEO Robert Shapiro pleads guilty in loan fraud

Ex-Woodbridge Group CEO Robert Shapiro pleads guilty in loan fraud

Robert Shapiro, the former chief executive officer of Woodbridge Group of Companies, pleaded guilty to running a $1.3 billion fraud that caused more...
Ashley

Former mortgage exec Michael Ashley gets three years in prison

Former Lend America executive Michael Ashley was sentenced to three years in prison for his actions that led to the implosion of the...
CFPB finds Freedom Mortgage intentionally reported inaccurate HMDA data | 2019-06-05

Urban Institute to FHA: Want more lenders? Clarify False Claims Act enforcement | 2019-06-21

Under the Obama administration, the Federal Housing Administration ramped up its enforcement of FHA lending policies, teaming with the Department of Justice to...

Quicken Loans Vice Chairman Bill Emerson: Government used “extortionist tactics” to pursue “bogus” claims...

On Friday, Quicken Loans and the Department of Justice reached a resolution over allegations that the nonbank’s FHA lending practices violated the False Claims Act. Without any...
Quicken Loans agrees to pay $32.5 million to resolve FHA loan allegations with DOJ | 2019-06-14

Quicken Loans agrees to pay $32.5 million to resolve FHA loan allegations with DOJ...

Quicken Loans is now finally able to move past its beef with the Department of Justice over the nonbank’s FHA lending practices, as...

DOJ demands to see CoreLogic’s MLS data in antitrust probe | 2019-05-30

The Department of Justice recently sent a letter to CoreLogic requesting access to its MLS data regarding buyer broker compensation, a clear sign...
Multifamily GSE fraud

Four indicted in GSE multifamily mortgage fraud scheme

Four real estate professionals could face up to 30 years in prison and hefty fines after being indicted on charges related to allegedly...
False claims

Lennar’s mortgage unit settles False Claims Act charges for $13M

Lennar's mortgage banking unit agreed to settle False Claims Act allegations for $13.2 million, a smaller amount than other lenders paid to the...

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The Bear Case for Industry Search & IDX

The Bear Case for Industry Search & IDX

There’s simply no way for the real estate industry to compete in search against Zillow and other established portals with years of brand...
NerdWallet: Here are the top mortgage lenders of 2020

NerdWallet: Here are the top mortgage lenders of 2020

NerdWallet has announced the winners of its 2020 Best Mortgage Lenders list, which ranks the nation’s top mortgage lenders by their ability to best...
VietnamCredit

Industry forecast: Vietnam real estate 2020 – VietnamCredit

“The increasing demand for comfortable and high-class living spaces of people is the impetus for developing this type of apartments, attracting more and...
Supreme Court Looks at Applicability of Contempt Sanctions in Bankruptcy

Periodic Statements and Roth v. Nationstar

Editor’s note: This feature originally appeared in the January issue of DS News, out now. On August 28, 2019, the Eleventh Circuit Court of...
Kevin Cahill

Truth in Real Estate® – Kevin Cahill

15 January 2020 by Kevin Cahill(Be sure to look for the first part of this story, dated 14 January 2020.)Joining a new brokerage...

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