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Author Archives: Derek Templeton

Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed "policy junkie," he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries.

Massachusetts Bill Limits Time Allowed to Challenge Foreclosure

Improper foreclosures conducted by some financial institutions are part of the legacy of the left by the financial crisis. A foreclosure that is not conducted in accordance to state law leaves the new purchaser of the property in the impossible position of not having marketable title when they go to sell it again.

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SunTrust Cooperating with Foreclosure Fee Investigation

In a quarterly filing released Wednesday, SunTrust Banks, Inc. announced that it was cooperating with a government probe into fees and expenses charged by law firms for services related to foreclosing upon delinquent loans guaranteed by Fannie Mae and Freddie Mac.

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Kansas Man Pleads Guilty to TARP Bank Fraud

Timothy P. Fitzgerald, 56, of Leawood, Kansas, pleaded guilty on Monday to participating in a scheme to defraud the Bank of Blue Valley, which eventually accepted approximately $21 million in troubled asset loans from the U.S. Treasury.

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JPMorgan Negotiates $4.5 Billion Settlement with Mortgage Trustees

In an effort to resolve claims against JPMorgan over alleged misrepresentations related to money-losing mortgage bonds, trustees agreed on Friday to accept the bank’s $4.5 billion settlement offer on behalf of the great majority of trusts that owned mortgage-backed securities issued by the bank.

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Housing Report Bucks Conventional Wisdom

Conventional wisdom seems to suggest that recent housing data points to reasons for analysts to worry about the direction of the economy. A new report makes the case that the picture is much brighter then their consensus would lead one to think.

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Texas Economic Growth Steady

The Texas economy grew during the first half of 2014. From January 1 through the end of June, Texas employment has grown 3.3 percent, which is better than the national average.

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LenderLive Welcomes New Sales Executive

LenderLive announced recently that Larry Hudnall has joined the firm as SVP, national sales manager of the company’s Settlement Services division.He will be responsible for sales, sales management, and revenue growth for the company’s Settlement Services division.

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