Florida AG targets companies for preying on homeowners The Maryland Commissioner of Financial Regulation Joins CFPB, FTC & States in sweep targeting mortgage rescue Schemes. BALTIMORE, MD (July 23, 2014) – The Office of the Commissioner of Financial Regulation issued two cease and desist orders against companies and individuals for operating illegal loan modification schemes that scammed consumers into paying large upfront fees but did nothing.
From HousingWire: Home prices decline 4.3% in November: CoreLogic Home prices nationwide fell 4.3% year-over-year in the month of November, according to analytics firm CoreLogic in its november home price index. Santa Ana, Calif.-based CoreLogic said home prices declined 1.4%. Continue reading
Invitation Homes manages the largest pool of rental homes across 14 of the nation’s metropolitan markets. Blackstone states on their website that the platform creates jobs and provides high quality,
Changing market leaves investors cautious on housing I feel that investors. the housing market, not only offering a range of ‘Help-to-buy’ funding to homebuyers, but his decision to slap a 3 per cent stamp duty surcharge on buy-to-let property has.
All Risks provides REO & Foreclosure Lender-Placed Property Insurance Program for Builder’s Risk, Hazard and G/L, Mortgage Impairment & Lenders E&O.
Mortgage delinquency rate drops nearly 14%: TransUnion according to TransUnion’s latest mortgage report. The mortgage delinquency rate declined more than 14% in the last year (down from 3.84% in Q4 2013). Average mortgage balances per consumer increased.
Federal Reserve Chairman Ben Bernanke on Wednesday urged financial institutions that specialize in community development and banking to the poor to take steps to ensure they emerge from the.
San Francisco controller cautions against eminent domain Richard Cimino named SVP at LRES Treasury to pay investors triple for HAMP principal reductions Home Affordable Modification Program – Modification of Loans with Principal Reduction Alternative . Background . In Supplemental Directive 09-01, the Treasury Department (Treasury) announced the eligibility, underwriting and servicing requirements for the Home Affordable Modification Program (HAMP).Rosenblum, energy & natural resources: oil & gas; Amy Garrity Scafidel, banking & finance; Richard J. Tyler. Billy Hoffman and Philip Gordillo to senior vice president, senior group manager..
It’s Ben Bernanke’s turn to assess how much the economy has weakened. Investors have pushed stock prices lower for four straight days in response to data showing weaker hiring in May, falling home.
NEW YORK ( TheStreet) — What will Ben Bernanke’s next big move be? It’s a question hotly debated by market pundits, as they remain divided on whether the central bank’s unconventional bond buying.
Real Estate Owned (REO) FHFA is exploring new approaches to the disposition of foreclosed properties (real estate owned, or REO) owned by Fannie Mae and Freddie Mac. The Fannie Mae’s and Freddie Mac’s REO portfolios are now stable and their individual retail sales are achieving close to fair market values for the properties.
Mortgage Payments are More Affordable Than Ever With Rents at an All-Time High – Zillow found that renters nationwide can expect to spend 30.2 percent of their monthly income on rents in Q2 2015. In markets where single-family rental housing is in high demand, like Los Angeles,
Federal Reserve Chairman Ben Bernanke submitted a white paper to Congress last week as a framework for policymakers to help the housing market, but that move has drawn the ire of at least one senator.
income programs. For example, it calls for deeply cutting rental assistance through cuts in both Housing Choice Vouchers and public housing, eliminating several community development programs and the Low income home energy Assistance Program, and sharply cutting Job Corps, a Department of Labor job training program for disadvantaged young people.