Goldman Sachs agrees to pay $3.15B in FHFA suit

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door

Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
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The Ticker

CHART: Biggest bank settlements of all time

Guess which bank is on there twice?
Brena Swanson
The Bank of America settlement went on record as the biggest settlement to date. But where do the other bank settlements rank in comparison?
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HUD-OIG: Richmond, California, fails to uphold housing program requirements

City should repay almost $1 million, OIG finds
Brena Swanson

“The rehabilitation of some properties suffered significant delays, while the rehabilitation of other properties had not been completed after more than three years.”


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NAFCU responds to CFPB remittance transfer rule

Trey Garrison
The National Association of Federal Credit Unions issued the following statement in response to the Consumer Financial Protection Bureau’s announcement Friday that it finalized its remittance transfer rule.
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Florida housing market settles into “new normal”

Property inventory up, prices up
Brena Swanson
“We are now beginning to see that the 'new normal' is really the 'old normal' with statistical patterns reminiscent of the market that prevailed prior to the frantic run-up of prices,” Florida Realtors Chief Economist John Tuccillo said.
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Huge tax bill for homeowners who receive BofA settlement?

The relief could be too good to be true
Ben Lane
There could be a huge tax bill coming for borrowers that accept relief as part of the $16.65 billion settlement between Bank of America and the U.S. Department of Justice.
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Home Depot names new CEO

Craig Menear to take reins on November 1
Ben Lane
Menear, who has been with the company since 1997, is currently Home Depot’s president of U.S. retail. He has been in that position since February 2014.
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FDIC allotted $1.03 billion of BofA settlement

Claim connected to 26 failed banks
Brena Swanson
Included in Bank of America's settlement with the Depart of Justice, the Federal Deposit Insurance Corporation as receiver for 26 failed banks will receive $1.03 billion.
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Corcoran Consulting and Coaching to offer free webinars for Equator

Collaboration between firms will include performance coaching
Levi Shultz
“We are honored to be in collaboration with Equator as we continue to provide value-added services to real estate professionals in the REO and short sale industries,” said Bubba Mills, executive vice president of Corcoran Consulting and Coaching.
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Real Living Lifestyles joins RealtyTrac’s broker network

Becomes network’s exclusive partner in San Diego County
Ben Lane
As a member of the RealtyTrac Network, Real Living Lifestyles will have the ability to integrate its broker-branded listings into the realtytrac.com website. “The network also offers all of its members high-profile, homepage branding as well as incorporating their insight into the real estate news cycle,” RealtyTrac said.
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Countrywide’s Mozilo may face lawsuit over subprime mortgages

This time prosecutors have a new weapon
Brena Swanson
Although Countrywide Financial no longer exists, co-founder Angelo Mozilo is allegedly not in the clear as prosecutors still want to hold him responsible for the company’s role in the U.S. housing bubble, according to a Bloomberg report.
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