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Tag Archives: mortgage deal
Loan servicers face strict federal rules
WASHINGTON – Aug. 10, 2012 – The government’s consumer lending watchdog proposed new rules Friday aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments. Mortgage servicing companies would be required to … Continue reading
Goldman Sachs Cleared in Mortgage Probe
The Securities and Exchange Commission (SEC) has dropped plans to seek a civil enforcement action against Goldman Sachs over a $1.3 billion subprime mortgage deal. The regulators have spent the last six months looking into claims that Goldman deceived investors … Continue reading
Fannie Mae Income Rises
On the heels of a similar announcement from Freddie Mac on Tuesday, Fannie Mae revealed yesterday that it posted second-quarter net income of $5.1 billion. That’s a substantial increase over the $2.7 billion reported in the first quarter of this … Continue reading
Posted in Mortgage & Finance
Tagged Fannie Mae, government, increased, mortgage deal, net income, rise
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Fed hits MetLife with $3.2M sanction
WASHINGTON – Aug. 8, 2012 – The U.S. Federal Reserve Board hit MetLife with a $3.2 million fine for failing to adequately oversee its subsidiaries’ home loan and foreclosure operations. When levying the sanction, the Fed took into account the … Continue reading
Posted in Mortgage & Finance, Uncategorized
Tagged foreclosure, government, mortgage deal
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More homeowners refinancing through HARP
WASHINGTON – Aug. 8, 2012 – According to the Federal Housing Finance Agency’s (FHFA) June Refinance Report, one-third of all home refinances through Fannie Mae and Freddie Mac were made through the Home Affordable Refinance Program (HARP) – the highest … Continue reading
Posted in Mortgage & Finance, Uncategorized
Tagged mortgage deal, price reduction, reduced
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BofA to slash mortgage balances by $100,000 or more
Bank of America will significantly slash mortgage balances for as many as 200,000 borrowers. As part of the $26 billion settlement reached between the five major mortgage servicers, the federal government and the attorneys general of 49 states and District … Continue reading
Posted in Distressed Properties, Foreclosures, Mortgage & Finance, Real Estate News
Tagged bank of america, bank settlement, bank-owned, billion dollar bank settlement, broward, distressed, florida, foreclosure, government, homes for sale, mortgage deal, reduced, robo-signing, settlement, short sale, underwater, underwater homes
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Mortgage Deal Means More Foreclosures
Even as the $26 billion mortgage settlement helps hundreds of thousands of troubled homeowners, it will bring a wave of new foreclosures. Many lenders held off on reposessing homes during the complex negotiations between 49 state attorneys general, and federal … Continue reading
Posted in Broward County, Distressed Properties, Foreclosures, Miami-Dade County, Palm Beach County, Real Estate News, Short Sales
Tagged bank settlement, bank-owned, broward, distressed, florida, foreclosure, government, homes for sale, increased, miami, mortgage deal, palm beach, short sale, single family homes, south florida
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