Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a while
"A lot of people are talking about one rate increase. The committee does not generally do that. I mean, what's the point of that?" former St. Louis Fed President Jim Bullard told CNBC on Monday. "So, usually it means a tightening cycle, and I think markets are trying to sniff that out right now." Markets will get more clues Wednesday about the Fed's policy direction when the committee releases minutes from its June 16-17 meeting.
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Prosecutors Say Altered Title Policies Propped Up a Nearly $100M Real Estate Loan in Bank Fraud Case
An Orange County real estate investor pleaded not guilty in a federal bank fraud case involving a nearly $100 million real estate lending relationship and title insurance policies prosecutors say were falsified. Mahender Makhijani, 44, of Corona del Mar, was arraigned Monday in federal court in Santa Ana on charges tied to a loan made by Phoenix-based Western Alliance Bank, according to the Los Angeles Times.
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Judge halts Burlington home foreclosure sale after remains found inside
The judge overseeing the foreclosure of a home in Burlington where three sets of human remains were found last month called off the sale and transfer of the deed "pending further developments regarding the remains found," according to the judge's order. Judge Joseph M. Shortall's order, issued Wednesday, comes days after the lawyer for the winning bidder, Edward A. Marchion of Newington, asked the court to reopen the judgement after a title insurance company raised doubt on whether the foreclosure was legally defective.
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How to protect yourself from deed fraud as Allegheny County DA investigates several cases
After about three dozen Allegheny County home deeds were fraudulently put into an LLC's name, experts are sharing tips for protecting yourself. A house is probably the biggest purchase most of us will ever make. You want to do what you can to protect it, and some simple fact-checking can go a long way. Much of the work is proactive, but if you were to fall victim, there is still help.
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Bipartisan housing bill automatically becomes law after Trump refuses to sign it
A landmark housing bill automatically became law at 12 a.m. on Saturday after President Trump declined to sign it in protest of the Senate's inaction on an elections bill known as the SAVE America Act. The bipartisan bill, known as the 21st Century ROAD to Housing Act, is the most comprehensive housing legislation in decades. The measure aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.
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