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Bank of America and Wells Fargo Closing the Gender Pay Gap In the last decade, Bank of America and Wells Fargo have been accused, and settled for loads of cash much wrongdoing – robo-signing, fraudulent foreclosures, mishandling of loans etc. It is good to see something positive about both banks. Following Gender Pay Gap Shareholder…
Read MoreLast Month the US Department of Justice (DOJ) settled its suit against Louisiana based IberiaBank for $11.7 Million for FHA Mortgages that were falsely certified as FHA compliant. 20% of that settlement was split between two whistleblowers. Meanwhile, lenders are complaining that FHA isn’t trustworthy. Wait, who misrepresented the loans as FHA compliant? While Ben…
Read MoreoXvsAa4vvsA 700 400 default AFFH Suspended by HUD to Give Cities…and HUD Extra Time to Learn Program. Blog Title: AFFH Suspended by HUD to Give Cities…and HUD Extra Time to Learn Program. Author: Sam Knight Suspension of the AFFH (Affirmatively Furthering Fair Housing) rule sounds wicked on the surface of it, from some perspectives, but…
Read MoreIf you are still in an adjustable rate loan, look at your loan documents. Is the rate based on the LIBOR (London Inter Bank Offered Rate)? If you answered yes, sit up and take note. An international investigation into Libor rigging, begun in 2012 revealed widespread multi-bank rate fixing. Interest rates were discovered to have…
Read MoreOcwen Pulling Out of Correspondent Lending More than 20 state business regulators issued regulatory enforcement orders in April of 2017 to auxiliaries of Ocwen Financial Corp to address “misusing of buyer escrow accounts and a lacking financial condition,” as indicated by an April news discharge from the North Carolina Office of the Commissioner of Banks.
Read MoreThe Summer that Foreclosures and Delinquencies Stabilized Foreclosure Rates Slowly Decreasing Until Harvey Roared Nearly 10 years after the Troubled Assets Relief Program (TARP) was established, Foreclosure rates remain stagnant, when comparing month to month, but is actually down year over year by over 27 percent. When congress authorized TARP through the Emergency Economic Stabilization…
Read MoreIf you know, you’re heading to foreclosure you may sell your house in what is referred to as a brief sale if you are able to negotiate with the lender to take less than that which you owe on your house loan. A foreclosure is bad enough, but a legal eviction will basically prove to…
Read MorePossible Warning Signs on Mortgage Help You Need to Be Aware Of Finding Mortgage Help There is a lot of confusion out there about which assistance will save your home, and how it works. Then there are submissions and resubmissions of documents. Lenders request some documents, even if you already sent them, and you have…
Read MoreThe Summer that Foreclosures and Delinquencies Stabilized Did you know that foreclosures usually spike in summer months? Black Knight June 2017 First Look at Mortgage Data report, states foreclosure rates are holding steady month over month as of June 2017. Loan delinquencies in the US are at 3.8 percent (this rate is referring to loans…
Read MorecWG1gXjk7dg 700 400 default Home Prices Soar, Leaving Budget Conscious Buyers in the Dust Home Prices Soar, Leaving Budget Conscious Buyers in the Dust This report closely mirrors the January Redfin estimate of 5.3% increase of 2017 home prices as compared to 2016 home prices. The Home Sale Price explosion is not actually the main…
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