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Loan mod scheme from 2009 finally gets settled at $4.6M

Housing Wire

According to the DOJ, from 2009 through 2015, Lindeman and his wife targeted Hispanic homeowners through Spanish-language advertising that promised to cut mortgage payments in half. Kourouklis ran a company called Summit Development Solutions USA, LLC , which provided mortgage modification services to clients of ALG.

Law 370
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Coldwell Banker Realty welcomes new Boston team

Housing Wire

Moving our entire team over to Coldwell Banker Realty was the best decision for our clients. No one else compares when it comes to brand recognition and tools to market our clients’ homes. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. DelRose Sr.

Realty 459
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Travis Kessler set to retire from Texas Realtors, Mike Barnett named as new CEO

Housing Wire

Jef Conn, the trade group’s chairman, praised Kessler for ushering Realtors and their clients toward success. Travis Kessler “Travis Kessleris an exemplary leader who has been a driving force in helping REALTORS and their clients acrossTexasachieve success,” Conn said in a statement. Magel Award of Excellence in 2009.

Realtors 370
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How JVM Lending plans to expand without any loan originators

Housing Wire

Back in the 2007-2009 meltdown, we had loan officers with us at that time. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 418
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Supreme Court orders review of recession-era class action against Rocket

Housing Wire

million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009. The facts of this case are clear, and demonstrate that our practices were compliant and that the refinance loans we provided benefited our West Virginia clients,” a Rocket spokesperson said.

Appraisal 448
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ALTA shakes up leadership team with staff promotions

Housing Wire

Steve Gottheim, who has been with ALTA since 2009, was promoted to general counsel. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. After the onset of the pandemic, Gottheim helped ensure the title insurance industry was deemed an essential business.

Insurance 352
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. Yet staggeringly few are aware of its existence.

Finance 482