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We're hopeful that its new chief, Mel Watt, will shift course, recognizing the importance of principal reduction both for our national economy and for struggling towns and cities. [read post]
7 Feb 2014, 9:29 am by Allison Tussey
According to court documents and statements made in court, Ilunga and others were involved in the operation of Waikele Properties Corp., a real estate company with offices in Bridgeport and Garden City, N.Y. [read post]
15 Jul 2012, 7:54 am
Bank National Association to court for its failure to maintain thousands of foreclosure properties in the Southern California area. [read post]
27 Dec 2011, 12:35 pm
Acts that have sent the nation into an economic tailspin, as mortgages are underwater and people are considering walking away from their homes? [read post]
9 Nov 2011, 7:04 am
The fourteen mortgage servicers involved in this process are America's Servicing Co., Aurora Loan Services, Bank of America, Beneficial, Chase, Citibank, CitiFinancial, CitiMortgage, Countrywide, EMC, EverBank/EverHome Mortgage Company, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Services, MetLife Bank, National City Mortgage, PNC Mortgage, Sovereign Bank, SunTrust Mortgage, U.S. [read post]
21 Dec 2016, 6:00 am by Beth Graham
Late last month, a National Labor Relations Board (“NLRB”) administrative law judge issued an order in Private National Mortgage Acceptance Co., LLC and Richard Smigelski, No. 20-ca-170020 (November 29, 2016). [read post]
11 Sep 2016, 10:38 am by Stuart Kaplow
The concept is not new, but nationally including in Maryland, “residential” PACE programs were put on hold as a result of a directive in 2011 that Fannie Mae and Freddie Mac refrain from purchasing mortgage loans secured by properties with outstanding PACE obligations. [read post]
4 Sep 2009, 11:00 pm
But these are stressful times, particularly here in the Windy City. [read post]
6 Mar 2015, 4:06 pm by Stuart Kaplow
Its purpose is to expand the secondary mortgage market with securitized mortgages. [read post]
15 Apr 2010, 8:22 am by admin
  Fear of dispossession is one of the many rational reasons why homes are resistant to price drops:   From my blog, July 30, 2006   It will help determine how many of them choose to “default strategically”—that is, walk away from their mortgages –   Again, ‘walk away’ is a casual and misleading term, and I fear indicative of a mindset that, if it takes hold, could be very problematic for the nation. [read post]
5 Sep 2014, 7:51 am by Allison Tussey
Allen was also ordered to pay $96,400 and $97,900 in restitution, respectively, to National City Bank and Fannie Mae, the financial institutions that he helped defraud. [read post]
7 May 2014, 10:55 pm by Judy Wolf
Black Knight analyzes its mortgage database, which it says covers roughly 70 percent of the national market. [read post]
7 May 2014, 10:55 pm by Judy Wolf
 Black Knight analyzes its mortgage database, which it says covers roughly 70 percent of the national market. [read post]
24 Jul 2012, 10:43 pm by Mandelman
  Three California cities have already filed for bankruptcy protection, and eight more cities in California have notified the municipal bond market that they are facing significant financial hardships and uncertainty. [read post]
14 May 2012, 10:49 am
Moreover, Miami ranked among just five cities in the nation to show an increase in annualized housing prices in February, up 0.6? [read post]