U.S. Attorney General Eric Holder and Associate AG Tony West announced that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation-the largest civil settlement with a single entity in American history -to resolve federal and state claims against Bank of America and its former and current subsidiaries, including countrywide financial corporation.
While waiting for a trial today I spent some good time talking to a good foreclosure attorney on the bank side. He’s the kind of guy that admits to homeowner foreclosure attorneys, "we’ve got these certain problems with this case, this document is missing, here are the problems with my witness." That’s exactly what good lawyers do.
Monday Morning Cup of Coffee: New capital for negative equity Housing retail sales inch down Monday Morning Cup of Coffee: Congressman tries to tackle eminent domain plans DIRECTV is the undisputed leader in sports. And only DIRECTV lets you watch every live game from start to finish. Catch 4 or 8 games on 1 screen with replays and real-time scores and stats. Add on premium features with nfl sunday ticket max, catch every scoring drive with red zone channel and dominate your fantasy league with DIRECTV FANTASY.Nationally, U.S. home prices rose at the slowest pace in more than six years in March, a sign that weaker sales are keeping a lid on price increases. Jeff Bezos, Amazon’s chief executive, is.Monday Morning Cup of Coffee takes a look at news coming across HousingWire. Black Knight also reported that negative equity is becoming concentrated among borrowers whose homes fall into the.
FHFA-OIG could not establish whether Fannie Mae complied with its obligation to notify OFHEO of the 2006 report of foreclosure abuses. Fannie Mae officials claim that they informed an OFHEO senior official of the report during a telephone conversation in 2006, but they have no record of the communication.
Fannie Mae: Millennials finally starting to buy homes Housing market starts 2015 on several weak notes The 10-Year yield has climbed 53 basis points since the start of the year, aided by the 18% climb in the price of crude oil and 8% rise in gasoline prices. REITs and housing-related equities have.Vanilla Ice charged with burglarizing a foreclosure Vanilla Ice Speaks Out After Arrest. Police say the performer was involved in the theft of several items from a foreclosed home adjacent to a house he was renovating.. Vanilla Ice Explains.In keeping with its mandate to improve affordability for first-time home buyers, Fannie Mae has in the past year launched a series of pilot programs geared to help get millennials out of high-priced rental properties – or in some cases out of their parents’ basements – and into homeownership.
"FHFA-OIG believes that there were multiple indicators of foreclosure abuse risk prior to 2010 that could have led FHFA to identify and act earlier on the issue," the IG’s report states. The IG’s investigation found there had been several warning signs that, if they had been observed, would have allowed the agency to identify risk well before.
Why FHFA-OIG Did This Audit. In 1997, the Federal national mortgage association (fannie Mae or Enterprise) established its Retained Attorney Network (RAN) to acquire default-related legal services.
Nationstar doubles profit as servicing becomes more profitable Mortgage rates plummet to new lows The top 15 emerging markets for international house hunters By now it’s common knowledge that what really happens behind the scenes of HGTV’s House Hunters is not quite what’s presented on television. That’s fuel enough for some good-natured ribbing-touring three houses, putting in an offer, and getting a mortgage approved in five days?Yeah, right!-but there are other certain (unintended?) threads running through episodes that make great fodder for.Stegman doubles down: White House will not recapitalize Fannie, Freddie What a Trump administration means for real estate Here are some thoughts for real estate investors in the wake of Donald Trump’s "stunning upset" in the U.S. Presidential election. The 2016 election has obviously been very polarizing. We’re just a couple of real estate guys trying to figure out how policies, economics and the mood of the market create challenges and opportunities for [.]Clear Capital home prices end up 4.1% lower in 2010, more declines ahead Housing Outlook, 2014: Home Prices Head Higher !. Clear Capital forecasts that home prices nationally will rise by 3% to 5% in 2014, about the historical average.. More from Bowie Up next on.The White House drops opposition to other measures in the broad housing bill and pledges to sign it into law.. is increasingly likely to recapitalize Fannie Mae and Freddie Mac in coming months.fhfa delays principal reduction ruling Hillary Clinton on CFPB: Why would you get rid of that? Todd Mobraten announces resignation from USRES, RES.NET "Communication is at the center of real estate," insists todd mobraten, former president and CEO of USRES Inc. and its subsidiary, RES.NET Inc. Good communication between you and your real estate agent is key. Be upfront and tell your agent that you’re planning a vacation, well in advance.According to a recent article by CMA partner credit today, a survey of the participants in Industry Credit Groups throughout the United States (including some CMA members) explained that their overall investment of under $2,000 per year in an industry credit group returns over $250,000 in cost savings (yes; you read that correctly).That’s an investment that is hard to pass up.Elizabeth Warren is on the hunt again – The activists cheered. She scolded FHFA chief Mel Watt for postponing action on principal reduction for struggling homeowners. "Evidently there is no need for delay, no need for further study, if the.There are times it may not pay. The recent drop in mortgage rates may have you dreaming of buying a new home or refinancing your current house. You’re not alone. Housing sentiment has surged thanks to.The servicing business drove nationstar mortgage holdings' fourth-quarter profitability and will be a major factor going forward after the.MBA: New home purchase apps fall 8% Subprime mortgage crisis – Wikipedia – The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.
Nathan Wilson ’12, a former chef and carpenter, was an intern with the Volunteer Lawyers Project in their Foreclosure Prevention Program when he was struck by the lack of information given to homeowners facing foreclosure. "There was this huge information gap," he said.
Last month, a report from the FHFA’s Office of the Inspector General (OIG) faulted the GSEs’ conservator for not earlier identifying abuses within Fannie Mae’s Retained Attorney Network. According to the report, Fannie Mae was alerted to foreclosure abuse allegations as early as 2003, prompting the company to hire an outside law firm to.
California Real Estate Fraud Report You have just entered the #1 private-sector resource on the Internet for real estate fraud. In doing so, you have voluntarily left the dimension of the conventional real estate world and crossed over to the Dark Side, the realm where greed, dishonesty and evil are the order of the day.
It’s official: All 50 state AGs to review foreclosures This is the sierra pacific mortgage company profile. All content is posted anonymously by employees working at Sierra Pacific Mortgage.. It’s official: All 50 state AGs to review foreclosures. Next Next. Fitch Sees 60% of Current RMBS Borrowers Underwater; The cure to zombie foreclosures.Nearly two-thirds of Americans sense double-dip recession · A 2014 Demand Institute survey found that nearly two-thirds of 50 to 69-year-olds said they planned to retire in the home they now live in. Of those who said they planned to move, close to half said they planned to increase the size of their home or spend more for another home of the same size.