South Jersey's PHH agrees to $45M settlement over fraud claims

South Jersey's PHH agrees to $45M settlement over fraud claims

PHH Corp. has agreed to pay $45 million to settle claims with 49 state attorneys general that it improperly serviced mortgage loans from 2009 through 2012. The Mount Laurel, N.J.-based PHH, the nation's ninth largest non-bank residential mortgage servicer, also was required to adhere to
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Land sales up in Chinese cities in 2017

BEIJING, Jan. 3 (Xinhua) — Land sales increased in Chinese cities last year as the government moved to cool the market with higher supply, according to the China Index Academy, a property research organization. Land sales in 300 Chinese cities totaled 950.36 million square meters in 2017, up 8
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Trump's tax overhaul has slowed Manhattan's real estate market even before going into full effect

Fourth-quarter home sales in Manhattan slumped as buyers considered the impact of the new tax law. The Tax Cuts and Jobs Act caps the amount of state and local tax deductions at $10,000, and rich taxpayers who itemize their deductions benefitted the most when it was uncapped. Homeowners
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Inclimate Weather Updates

Your calls to Ameris Bank are very important to us, and will be answered and returned as soon as possible. When calling your banking location or our Customer Care Center, you will be able to dial by extension or name, access 24-hour account information including current balance, deposits made,
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New Jersey-based lender agrees to pay $45M to settle mortgage misconduct claims

A New Jersey-based lender agreed to pay $45 million to settle claims that it improperly serviced home loans in 49 states, including New York. PHH Mortgage Corporation, the nation's ninth largest non-bank residential mortgage servicer, was accused of charging bogus fees, failing to apply borrowers'
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RBI calls for more structural reforms to restore health of banking sector

Banks could be forced to compromise on their lending standards and also price their loans in a way that does not reflect their cost of funds as corporates increasingly move to non-bank sources to meet their funding needs, a study by the Reserve Bank staff says. It calls for more structural reforms of the
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Vancouver's Real Estate Market More Normal In 2017 But Prices Are Up: Real Estate Board

The real estate board says the benchmark price of condominiums leaped 25.9 per cent in Metro Vancouver last year, while townhomes increased 18.5 per cent and the price for detached homes climbed 7.9 per cent. Looking ahead to 2018, Oudill says only time will tell how the market will react to
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GKCU announces new EVP/Chief Lending Officer

Wilcox has been with GKCU for the past 6 years as the Vice President of Lending. In his new position, Wilcox will expand his role with the lending department at the credit union's five branches, as well as assume responsibilities with annual audits, internal and external financial controls, working closely
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Central Okanagan the third star in BC real estate game

OKANAGAN – If it wasn't for the Lower Mainland and its crazy housing market, the property value increases in the Central Okanagan would be a bigger news story than it is. “The increase has been been very positive this year, the strongest of the last three years,” B.C. Assessment senior assessor Tracy
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United Bank Hires Michelle Chase to Manage Ludlow Branch

United Bank Hires Michelle Chase to Manage Ludlow Branch. United Bank today announced the hiring of Michelle Chase of Suffield, a local banker with 16 years of banking and financial experience throughout Western Mass and North Central Connecticut, as their new Vice President/Branch Manager
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Why the Next iPhone X Could Be Apple's Biggest Smartphone Ever

Apple could be building its biggest iPhone ever. And it might be released later this year. LG Display, the Korean conglomerate's screen-making arm, will supply the organic light-emitting diode (OLED) panels Apple needs to deliver a 6.5-inch iPhone this year, Korea Herald is reporting, citing people who
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Mortgage applications decreased during holiday season

Mortgage application volume decreased 2.8% during the last two weeks of 2017, according to the Mortgage Bankers Association. The MBA's Weekly Mortgage Applications Survey for the week ending Dec. 29 found that the refinance index decreased 7% from two weeks ago. The results include
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Breakingviews – Ant's US march may require China-like steps

HONG KONG (Reuters Breakingviews) – To sustain its march on the United States, Ant Financial may have to take some China-like steps. Jack Ma's digital-payments business must rethink its global strategy after U.S. authorities torpedoed a plan to buy MoneyGram International. Even a newly touted
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Nebraskans eligible for mortgage settlement payments

Approximately 175 Nebraskans will be eligible for a payment related to a $45 million settlement with a mortgage lending and servicing company. Nebraska was one of 49 states and the District of Columbia that settled with New Jersey-based PHH Mortgage Corporation, which is the country's
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'Millennium Mobster' took millions from Texas customers. And she laughed about it.

The Keller lawyer, also known as Nancy Jackson Spinks, 46, skimmed money from countless real estate transactions through the years that were funded through her various title companies. In a recorded phone call with her mother while she was in custody in Lake Forest, Illinois in 2016, Carroll laughed
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Hundreds of Alabamians eligible for compensation after $45 million settlement with mortgage lender

Alabama Attorney General Steve Marshall announced today that he and dozens of other state attorneys general have reached a settlement with one of the largest mortgage companies in the nation. Marshall, 48 other state AGs, the District of Columbia, and over 45 state mortgage regulators reached a
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Australian home prices falls in last quarter of 2017

SYDNEY • Australian home prices fell in the final three months of 2017, the first such decline in almost two years, as the nation's biggest market Sydney continued to cool. Values nationally declined 0.3% in three months to Dec 31, the first such drop since the period ending April 2016, according to
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Lending Advisor – Banking – Epsom

Customer Advisor – Lending / Banking – Epsom – £22k. Epsom, Surrey to £22k + Benefits. A Customer Advisor is required for a leading Fintech company with a view to becoming 'Brand Champion' with the goal of creating local awareness, generating leads and building relationships with local
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Administrative Assistant – Corporate Banking – Boston, MA

Provides administrative support to individuals or department. Performs general clerical and general office duties involving typing, record and file maintenance, mail distribution, answering telephones, writing memos, etc. as directed. Can also input data into spreadsheets and/or databases. Follows
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VC Funding in Real Estate Tech Leaped to $12.6B in 2017: Report

The amount of venture capital money invested in real estate tech last year was triple the $4.2 billion that flooded companies' coffers in 2016, with the 2017 numbers boosted significantly by SoftBank's enormous $4.4 billion investment in coworking giant WeWork and the $550 million raised by residential
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