Qualia, a technology startup that aims to simplify the real estate closing process, has announced $55 million in Series C financing led by Tiger Global. So reports CrunchBase.

Federal prosecutors have charged the founders and operators of a Massachusetts mortgage business focusing on short sales with defrauding lenders and investors to the tune of almost $500,000. So reports the North Andover (Mass.) Eagle Tribune.

At the MBA conference last week, I spoke with many senior executives at a variety of different-sized lenders about the state of mortgage banking and their concerns for the immediate future.