Greenwich Estate Sells For Record $120 Million

Copper Beech Farm, a 51-acre property and mansion located on the waterfront in Greenwich, Conn., hit the market last spring with an asking price of $190 million.

AMCs Generally Receptive To Proposed 'Minimum Requirements' Rule

The rule would require all AMCs that operate in states that have supervisory programs to register in those states and to allow those states to have authority over their licensing.

Major Metros Showing 'Early Signs' Of A Housing Bubble

Among the 35 largest metros nationwide, more than half of homes currently listed for sale are considered unaffordable by historical standards, according to a recent report from Zillow.

Waters Introduces Yet Another Housing Finance Reform Bill

But unlike the other three bills now before Congress, Waters' proposal calls for replacing Fannie and Freddie with a cooperative of lenders that would be the sole issuer of mortgage-backed securities guaranteed by the government.

OIG: Property Preservation Companies Need Better Controls

A recent OIG audit revealed that there are numerous problems plaguing the property preservation business, not the least of which is the submission of false or erroneous property inspection reports on the part of sub-contractors.

Fixed mortgage rates ticked down for a second week in a row during the week ending April 17, according to Freddie Mac’s Primary Mortgage Market Survey. And it’s a [Read More]

Bank of America Corp. will pay $950 million to settle claims brought by mortgage insurer Financial Guaranty Insurance Co. (FGIC) and several groups of investors that the bank's Countrywide [Read More]

Six important questions you need to ask about your compliance process. Click to download the buyers guide._id1144

From The Orb

BLOG VIEW: I have mixed feelings about reverse mortgages. I think it was around 2010 that I first heard about the reverse mortgage by way of a TV commercial [Read More]

PERSON OF THE WEEK: J.P. Kelly is president of loan origination system (LOS) and pricing engine provider OpenClose. MortgageOrb recently interviewed Kelly to learn more about the changes and [Read More]

Loan origination system (LOS) provider Ellie Mae reports that the recent network outage that affected its customers two weeks ago was not due to a distributed denial of service [Read More]

PERSON OF THE WEEK: Jim Silva is CEO and president of EMC2Data, a global provider of storage, data protection, security, infrastructure management and workflow solutions to the financial services [Read More]

Fenway Summer, the advisory and venture firm launched last year by former Consumer Financial Protection Bureau (CFPB) Deputy Director Raj Date, is gearing up to move into the "non-qualified-mortgage [Read More]

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