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American Home vs. Lender Processing Services New York investor Wilbur Ross has a net worth of 1.9 billion according to Forbes and specializes in...
A rise in principal write-downs Principal write-downs are not necessarily the flavor of the month for lenders and servicers, but they are being done...
Delinquencies on the rise With the unemployment rate still above nine percent, it is no surprise that the U.S. Mortgage Bankers Association (MBA) is...
Low, low, low According to the National Association of Realtors, the 3.5% decline in existing home sales is due in large part to contract...
What’s next for Fannie and Freddie? President Obama has directed a “small team of advisers to develop a proposal that would keep the government...
Michigan homeowner frustrated When a Michigan family invested in an untraditional mortgage, they had no idea that after a $20,000 investment and never missing...
Looming shadow inventories The eternal threat of shadow inventory plagues the real estate sector as the market continues to struggle and the impact of...
Foreclosures- the bane of housing Foreclosures have been a drain on the housing sector for several years now and banks have been under fire...
MERS backing out of foreclosures Mortgage Electronic Registration Systems (MERS) has recently come under fire, with several courts disputing their authority in the foreclosure...
Washington Mutual and JPMorgan Chase In 2008, the Federal Deposit Insurance Corporation (FDIC) seized Washington Mutual Bank (WaMu), then facilitated its sale to JPMorgan...
Most Spaniards are current on their mortgage As America struggles with foreclosures and defaults, there are now 6.5 million Americans who are over 30...
MetLife selling off bank MetLife Inc. has announced that it is considering selling their MetLife Bank which currently offers traditional banking such as depository...
$85 million to borrowers The Federal Reserve Board has alleged that Wells Fargo employed deceptive mortgage practices, fraud and unsafe banking practices against thousands...
Delinquency rates are up Lender Processing Services is reporting the total American loan delinquency rate of mortgage borrowers whose loans are 30 days or...
Former Countrywide borrowers finally getting paid Over three years ago, it was found that Countrywide Financial overcharged more than 450,000 borrowers, all of whom...
Housing is on fire, is lending the accelerant? Is another mortgage crisis among us or is it the same crisis that has supposedly been...
Pointing the finger at Wall Street When the Federal Crisis Inquiry Commission wrapped up their report last week, Wall Street executives came out as...
I’m not dead! JP Morgan Chase is currently “investigating” how a homeowner was declared dead by their bank. Florida homeowner Wrenella Pierre has filed...
HomeStreet going public While companies like Zillow.com apply for their initial public offering (IPO) status as part of their long term growth strategy, other...
Servicemembers’ Civil Relief Act JP Morgan Chase has settled a class action suit for violating the nearly 70 year old Servicemembers’ Civil Relief Act(SCRA) which...
FDIC cleaning house In May 2011, the Federal Deposit Insurance Company’s (FDIC’s) started cleaning house and filing lawsuits. They filed against CoreLogic for $129...
Ousted leader at Chase After billions in losses on bad loans along with recent reports of misdeeds (and alleged illegal activity) at JPMorgan Chase’s...