Quinn Emanuel seeks fee amounting to $18,500 per hour; will judge approve it?
ABA Journal Daily News
Smaller Subprime Auto Lenders Are Starting to Fold an hour ago
Growing numbers of small subprime auto lenders are closing or shutting down after loan losses and slim margins spur banks and private equity owners to cut off funding. Summit Financial Corp., a Plantation, Florida-based subprime car finance company, filed for bankruptcy late last month after lenders including Bank of America Corp. said it had misreported […]
At close of ex-Philly Sheriff John Green’s trial, vastly different portraitsabout 1 hour ago
Craig R. McCoy is a member of the Inquirer investigative team. His reporting has examined police mistreatment of rape victims, corruption among Pennsylvania public officials, the high dismissal rate in the Philadelphia criminal courts, among other issues. Foreclosure News
Top Texas court considers whether to toss legal fee estimated at $48K an hour
ABA Journal Daily News
Personal-Finance 1 hour ago 8:48 a.m.New reverse mortgage rules set by HUD
Reverse mortgages are a popular way for seniors to access needed funds. In a reverse mortgage, you are, in essence, incrementally selling your home back to a lender with the proceeds set up as a line of credit. Foreclosure News
Single-Family Landlords Are Sinking Cash Into Rust Belt Rentals an hour ago
Al Beahn was a 22-year-old college grad living in his parent's basement in the Detroit suburbs when he bought his first investment property in 2009. It cost him $ 27,000 and he flipped it three months later for a $ 16,000 profit. Foreclosure News
Homeownership Ready to Rise After Hitting an All-Time Low an hour ago
The U.S. homeownership rate is finally poised to rise significantly as household formations by owners grew faster in the first quarter than those by renters — the first time that's happened in more than a decade. While the share of Americans who owned their homes was up only slightly from a year earlier, at 63.6 percent, […]
Billable hour pricing is effectively dead because of budget caps, report says
ABA Journal Daily News
Mnuchin’s Bank Broke Foreclosure Rules, Leaked AG’s Memo Says an hour ago
A bank run by Steven Mnuchin, President-Elect Donald Trump's pick to be Treasury secretary, may have engaged in “widespread misconduct” while foreclosing on homeowners, according to a leaked 2013 memo written by lawyers in the California attorney general's office. The memo urged top officials in then-Attorney General Kamala Harris's office to sue OneWest Bank over […]
News 7 hour ago 4:17 p.m.Ex-Gopher, wife charged with real estate fraud
A former Gophers basketball star and his wife are charged with theft in connection to an Apple Valley home sale in 2011. Sam Jacobson and his wife, Traci Jacobson, each were charged Tuesday with theft by false representation and theft by swindle. Foreclosure News