| Aspen broker trades up from snowboard sales to ski chalets and MortgageMatch.com stops making matches |
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Steven Shane thinks F. Scott Fitzgerald got it wrong. No, Shane said, the rich are not different from you and me."Absolutely not," said the Aspen, Colo., real estate broker, who went from selling snowboards to selling ski chalets among the glitterati and other well-heeled types who frequent the town. They're just normal people, Shane said.Granted, they may pay millions for homes that they'll occupy only now and again. Or they may specify that any house they purchase must have a separate servants' entrance.And sometimes, the deal-making can turn incredibly complicated -- like the sale of a simple duplex that turned into a six-sided transaction worth nearly $12 million overall and involved buyers from the United Kingdom, California and Colorado.But generally, real estate clients in tony Aspen have the same likes and dislikes -- and the same quirks -- that agents encounter in less-stratospheric price brackets, he said. [Read the full article] Prospect Mortgage LLC has agreed to pay $3.1 million to settle allegations by federal housing regulators that the company entered into sham affiliated business arrangements in order to pay kickbacks to real estate brokers, agents, banks, mortgage servicers and others who referred business to it.Regulators had claimed Prospect operated as a "series limited liability company," a business structure unauthorized by the Federal Housing Authority (FHA).According to the settlement agreement, Sherman Oaks, Calif.-based Prospect Mortgage denied the allegations. Prospect claimed it had disclosed its business structure to HUD in a previous audit and "therefore was under the assumption that its business structure did not violate HUD/FHA requirements" or the Real Estate Settlement Procedures Act (RESPA), the settlement said. [Read the full article] Editor's note: The following is a continually updated list provided by app-ranking site TopAppCharts.com of the top 10 most popular free and paid photo editing apps for iPhones, based on app rankings in a search of the phrase: "photo edit."All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News.Use of this content without permission is a violation of federal copyright law.Editor's note: The following is a continually updated list provided by app-ranking site TopAppCharts.com of the top 10 most popular free and paid photo editing apps for iPhones, based on app rankings in a search of the phrase: "photo edit."All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News.Use of this content without permission is a violation of federal copyright law. [Read the full article] 
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