Goldman Sachs’ $5 billion and Wells Fargo’s $1.2 billion settlements of mortgage wrongdoing would be grounds for giggling if it were not all so painful. Goldman has -- at last -- this week settled with the Department of Justice for securitizing bad loans from 2005-2007, and Wells for lousy underwriting of FHA loans from 2001-2008.
In October 2015, the real estate industry had a new rule to deal with. The anticipation for the new Consumer Financial Protection Bureau's (CFPB'S) TILA-RESPA Integrated Disclosures rule, or TRID, was weighty, and nobody knew what to expect. Would the CFPB delay implementation? (Yes, as it turned out.) Would the new rules cause closing delays? (Jury's still out.)
NSC Architecture and owner Jack Guttman taking advantage of state loft legalization