FGMC names Nicholas Imbimbo director, TPO operations
First Guaranty Mortgage Corporation, which provides correspondent, wholesale and retail mortgage origination channels, announced the addition of Nicholas Imbimbo as director, third-party origination operations.
Freddie Mac sells off $305 million in seriously delinquent mortgages
Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers.
Georgia real estate investor pleads guilty to bid rigging in foreclosure auctions
A Georgia real estate investor pleaded guilty for conspiring to rig bids at real estate foreclosure auctions in Fulton and DeKalb counties in Georgia. According to an announcement from the Department of Justice, Morris Podber admitted that he conspired with other real estate investors to not bid against each other in public foreclosure auctions on certain properties.
CoesterVMS releases new appraisal fee calculator
CoesterVMS is getting ready to release a disclosure calculator for TRID that produces fee quotes based on property complexity and product selection. After using the calculator, users have the option to place an order or save the quote for later use.
Luxury home listed for $14M last year has starting bid of $1
The rich are not like you and me, a famous American novel observes, and neither are their houses. An Alabama luxury home definitely designed for music lovers is on the block. Starting bid is $1.
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