Third-quarter multifamily originations drop 16% from 2Q Third-quarter originations for multifamily properties declined 16% from the second quarter, as interest rates moved up and government housing agencies put the brakes on capital to the multifamily.
Maryland will receive about $88 million as part of a national settlement with one of the country’s largest mortgage servicers over allegedly questionable foreclosure practices. attorneys general.
Freddie Mac alerts real estate agents to rising short sale fraud is a more sophisticated version of mortgage fraud because it involves real estate agents, appraisers, lenders, and closing agents or attorneys. Some examples of fraud for profit include flipping, straw buyers, bogus sales, inflated appraisals, and air loans.
· Volkswagen Accepts Charges for Dieselgate, Could End Up Paying $25 Billion. The eye watering settlement could put an end to the automaker’s woes.
Q: Will there be payments to foreclosure victims? A: The deadline to submit a claim form has passed and claims are no longer being accepted. Beginning on June 10, 2013, the National Mortgage Settlement Administrator distributed approximately $1.5 billion in settlement funds to certain borrowers who lost their home to foreclosure.
New home purchases decrease 18% Buying a home is overwhelming for most first-time buyers. It’s the biggest purchase most people will make. Know your mortgage options when searching for a new home Financial planning can help.
Judge Finalizes Banks’ Landmark $25B Mortgage Settlement. The banks will also provide at least $20 billion in assistance to homeowners that were either the victims of wrongful foreclosure or shoddy record-keeping by mortgage servicers that resulted in penalty payments, according to the filing.
New VA Mortgage Settlement Raises Big Foreclosure Questions. In addition to the OCC settlement, as much as $116,785 may be available to wrongfully-foreclosed vet and military families under the $25 billion robo-signing agreement of 2012, an agreement which goes back to January 1, 2006.
It’s official: A federal judge approved the $25 billion robo-signing settlement with the top-five mortgage servicers, according to court documents.
Federal Judge Signs Off On billion mortgage settlement With Top 5 Banks 4.6.12 10:00 AM EDT By Mary beth quirk @marybethquirk jpmorgan chase citigroup wells-fargo ally financial signed sealed.
Settlement provides direct relief and new protections for Washington consumersSEATTLE – The record $25 billion dollar national mortgage servicing settlement over alleged widespread mortgage fraud, negotiated by Attorney General Rob McKenna along with 48 state attorneys general and the federal government, is now finalized by court order.
· SAN FRANCISCO (Reuters) – A California judge has ruled the state is obligated to pay $331 million in mortgage relief funds it used to bolster its finances, but stopped short of ordering that the money be turned over to homeowners hard hit by the mortgage and foreclosure crisis. Instead, Judge Timothy Frawley of Sacramento County Superior Court in his ruling on Friday said it is up to Governor.
WASHINGTON (Reuters) – A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according.
Judge signs $25 billion foreclosure settlement Mortgage servicers provide $10.5 billion under AG foreclosure settlement More than 40 states to sign foreclosure settlement