Closings Gone Bad
10/25/18
By: Dana Maine
Nathan Hardwick IV was convicted by a Northern District of Georgia federal jury on October 12, 2018 of embezzling $26 million from the accounts of his former firm, Morris Hardwick Schneider. $20 million of this amount was …
Banks Attempt to Expand the Scope of Liability for Escrow Companies
4/27/18
By: Bryce M. Van De Moere
The collapse of the subprime mortgage market in 2008 created shock waves still felt today. Over-extended lenders such as Washington Mutual and Countrywide failed; larger financial institutions absorbed their loans and were tasked with …
Wire Fraud. Who Bears the Risk?
11/2/17
By: Allison S. Hyatt
Wire fraud is on the rise in recent years. Finding out that escrow funds were mistakenly wired into the wrong hands is every broker, banker, consumer or escrow agent’s worst nightmare. Article 4A of the Uniform …