Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Items Tagged with 'Foreclosure'


RTS Pacific, Regional Trustee Services complete asset purchase agreement

New company expands Butler & Hosch brand into Seattle
July 24, 2014
Regional Trustee Services announced it completed an asset purchase agreement. Under the purchase, the complete assets including client base, open matters and employee base, are transferred from Regional Trustee Services Corporation to RTS Pacific.
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1 in 6 homes still seriously underwater as home price growth slows

Down 26% from 2013, but decline slowed with slowing price gains
July 24, 2014
Some 9.1 million U.S. residential properties were seriously underwater in the second quarter, representing 17% of all properties with a mortgage, RealtyTrac reports.
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Foreclosure law firm to pay $10m to settle price-gouging complaint

Came to the front when Fannie Mae pulled plug
July 18, 2014
In a call to HousingWire, an attorney with Brownstein Hyatt Farber Schreck, the firm representing Aronowitz & Mecklenburg, said his client is also going to look for someone to purchase the foreclosure operation. Colorado's attorney general filed a complaint alleging the foreclosure law firm set unreasonably high prices for its services, knowing there was little homeowners or the state could do about it.
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Did Colorado foreclosure lawyers create artificial fees?

Went unnoticed until Fannie Mae pulls plug
July 17, 2014
The AG’s office said the two firms weren’t happy with flat fees they could charge to process foreclosure paper. So they allegedly came up with a plan to bilk more money out of the process.
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A response to zombie properties

Effective legislation should produce real solutions
July 10, 2014
Common sense would tell us that the first step should be developing a way to expedite the foreclosure process for homes that have been abandoned; it does not seem reasonable for a home to sit vacant for three years when the owner has walked away from the property.
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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
July 9, 2014
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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Judicial states' foreclosure pipelines struggle to keep pace

CoreLogic: Foreclosure inventory falls 31 months straight
July 8, 2014
Although the nation’s foreclosure inventory continues to post strong improvement, it's filtering across America disproportionately, with judicial states significantly lagging behind non-judicial.
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Chase’s fraudulent foreclosure: Court finds for plaintiffs

Bank committed fraud in order to show ownership
July 2, 2014

A California appeals court upheld a ruling that said a Chase executive created a document that fraudulently represented that a prior assignment had been lost and that Chase owned the plaintiff's mortgage.

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Ocwen sends mortgage settlement claim forms to 26,000 in Florida

Residents eligible for $17.8 million of total settlement of $125 million
June 30, 2014
“This settlement fund provides Floridians who lost their homes to foreclosure some financial relief for mortgage servicing misconduct and foreclosure abuse,” Florida Attorney General Pam Bondi said.
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FHFA assists 3.2 million troubled homeowners

June 27, 2014
The number of foreclosure prevention actions completed during the first quarter was slightly down from the fourth quarter of 2013, falling to 88,800 from 99,704.
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