An appraisal fraud scheme will send the perpetrator behind bars for decades, after his use of stolen credentials left lenders holding the bag for more than $65 million in defective loans, according to the U.S. Department of Justice. Processing Content Former appraiser Armando Martinez was sentenced in early July after previously pleading guilty to bank […]
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Mike Kortas has brought his goal of creating a financial incentive for the mortgage servicing rights his loan officers create to fruition with the launch of evoLend on July 2. Processing Content In an April interview with National Mortgage News, Kortas said it was something he had been dreaming he could offer to his NEXA
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Private residential construction spending increased modestly in May, driven primarily by remodeling, a new industry report found. Processing Content According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in
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