Authorities have arrested about two dozen people who demonstrated inside and outside Wells Fargo's annual shareholders meeting. The demonstrators criticized the San Francisco-based company for pursuing home foreclosures, predatory lending, not paying enough taxes, and investing in private prison companies - BusinessWeek
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2 dozen arrested at Wells Fargo meeting, protest
Posted by Head Barista (#1) 22 days ago (http://www.businessweek.com)
Fed's Appraisal - Fee Revamp Befuddles Mortgage Industry
Posted by Head Barista (#1) 24 days ago (http://www.americanbanker.com)
Video Report: A Federal Reserve rule has sown confusion about the way lenders pay housing appraisers, creating new turmoil in an industry already burdened by expensive middlemen, falling home prices and diminished ranks. - American Banker
Appraisals of properties that have transmission lines are similar to other appraisal assignments, but they can be more complex. When an appraiser identifies and observes a high-voltage transmission line, it is important that he report to the client its existence and analyze any potential effects on value. This is consistent with the important role of real estate appraisers in assessing lender col
Appraiser's Loft CEO Now in Car Sales Bisiness
Posted by Head Barista (#1) 126 days ago (http://www.utsandiego.com)
Aman Makkar the former CEO and former executive Scott Stokas of a San Diego-based company, is now trying to break through another industry: new and used cars. The recently closed down, Appraiser's Loft, left hundreds to thousands of real estate appraisers across the country unpaid. Read the news story from U-T San Diego.
A federal judge dismissed appraisal negligence claims the Federal Deposit Insurance Corp. (FDIC) brought against Lender Processing Services (LPS) for allegedly mishandled appraisals done for Washington Mutual Bank. But the firm is still on the hook for breach of contract allegations. « HousingWire
AppraiserLoft closure leaves $3M in unpaid appraisal invoices
Posted by Head Barista (#1) 209 days ago (http://www.housingwire.com)
Appraisers hired by now defunct San Diego-based AppraiserLoft are owed more than $3 million for property valuations they invoiced, but didn't get paid for, according to two people familiar with internal operations at the appraisal management company. « HousingWire
Former Lend America president, Michael Primeau, has been suspended by the Department of Housing and Urban Development from doing any business with the department, upon his admission to a wide-scale mortgage fraud scheme.
Investor blaming appraisal for steep loss at Lake Las Vegas
Posted by Head Barista (#1) 233 days ago (http://www.vegasinc.com)
Hundreds of millions of dollars are at stake in the latest legal battle over the collapse into bankruptcy of the Lake Las Vegas community. - VEGAS INC | Sunday, Sept. 25, 2011 | 4:20 p.m.
Update on FDIC v. LPS (LSI Appraisal)
Posted by Head Barista (#1) 241 days ago (http://www.appraiserlawblog.com)
Appraiser Law Blog: Update on FDIC v. LPS (LSI Appraisal): LSI Argues that AMCs Owed No Legal Duties of Care to their Clients and Appraisal Users -- FDIC Argues that Appraisers Are the Legal Agents of AMCs
Quicken Loans taking fight to state Supreme Court
Posted by Head Barista (#1) 240 days ago (http://www.wvrecord.com)
The CEO, Bill Emerson,of Quicken Loans Inc., says a West Virginia circuit court judge's decision to award one of its former customers $2 million in punitive damages "made absolutely no sense."
In this case, the company points to the actual appraisal. "It was inaccurate, not a good estimate," Lusk said. "And it caused us to lend her too much money." | West Virginia Record
In this case, the company points to the actual appraisal. "It was inaccurate, not a good estimate," Lusk said. "And it caused us to lend her too much money." | West Virginia Record
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