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QUICK TAKE: Mortgage Lenders Sued for Deceptive Foreclosure Practices – NationalJournal.com

admin — Sat, 04 Feb 2012 07:00:30 +0000

New York Attorney General Eric Schneiderman announced on Friday he filed a lawsuit against Bank of America, JPMorgan Chase and Wells Fargo accusing them of engaging in “deceptive and fraudulent foreclosure filings.” The suit comes just a …

GTE CEO Faults Fannie on Foreclosure – Credit Union Times

admin — Sat, 04 Feb 2012 07:00:29 +0000

The 177,000-member, $1.4 billion GTE Federal Credit Union faces a $51,000 fee from Fannie Mae because it only used foreclosure attorneys the government-backed mortgage giant approved and ordered it to use. Fannie assessed the fee after a Fannie ...

City Council Tackles Foreclosure Fallout – Wall Street Journal

admin — Sat, 04 Feb 2012 07:00:27 +0000

When a New York City apartment goes into foreclosure, it’s not just the tenants who can feel the fallout. The high number of post-recession foreclosures — and the local impact on neighborhoods, as explored in study released Thursday ...

How to beat the competition and buy a foreclosure – Sun Sentinel

admin — Sat, 04 Feb 2012 07:00:26 +0000

Finding a bank-owned home these days is hard enough. Actually buying one is an even bigger burden. As banks suspended foreclosure actions last year to review possible paperwork errors, total filings across South Florida plunged 61 percent from ...

Foreclosure Deal Said to Ensure Same Terms for All 50 States – Businessweek

admin — Sat, 04 Feb 2012 07:00:23 +0000

Feb. 3 (Bloomberg) -- State attorneys general and lenders including Bank of America Corp. and JPMorgan Chase & Co. agreed to ensure that states signing a nationwide accord on foreclosures will be entitled to improved terms won later by states ...

HUD ANNOUNCES ADDITIONAL $31.5 MILLION TO FUND HOUSING FOR VERY LOW-INCOME SENIORS

admin — Sat, 04 Feb 2012 07:00:22 +0000

WASHINGTON - Hundreds of very low-income senior citizens will have access to affordable supportive housing thanks to $31.5 million in housing assistance announced today by the U.S. Department of Housing and Urban Development (HUD). The funding annou

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALABAMA STORM VICTIMS

admin — Sat, 04 Feb 2012 07:00:22 +0000

WASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe

HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR UTAH STORM VICTIMS

admin — Sat, 04 Feb 2012 07:00:22 +0000

WASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Utah and provide support to homeowners and low-income renters forced from their homes following severe st

TEMPORARY DISASTER PROGRAM FOR VICTIMS OF HURRICANES IKE AND GUSTAV TODAY – REMAINING FAMILIES GIVEN MORE TIME TO TRANSITION

admin — Sat, 04 Feb 2012 07:00:22 +0000

WASHINGTON - A rental assistance program that temporarily housed nearly 20,000 families who were displaced by Hurricanes Ike and Gustav in 2008 officially ends today with only 3,500 households still enrolled in the program. To help these families fi

MBS RECAP: 2/3/2012

admin — Sat, 04 Feb 2012 07:00:13 +0000

Posted To: MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-24 : -0-10 FNMA 4.0 105-17 : -0-09 FNMA 4.5 106-26 : -0-04 FNMA 5.0 108-01 : -0-02 GN