Banks and other financial institutions have agreed to many multimillion and even multibillion dollar settlements following the financial crisis for their mortgage practices. This week, however, HUD ruled in favor of U.S. Bank in a complaint that alleged racial discrimination in REO property maintenance.
Read More »CoreLogic’s Matrix Platform Reaches Over Half a Million Subscribers
According to CoreLogic, this will mark the first time in history that a single multiple listing platform has served more than half a million users on the internet.
Read More »Tom Reaves Receives Lifetime Achievement Award at NoteExpo Convention
Co-founder of National Asset Advisors Tom Reaves, who has partnered with NoteSchool for over 10 years, was given a lifetime achievement award at the NoteExpo Convention "for his “high moral business standards, visionary leadership, entrepreneurial spirit, and his lifetime commitment to the Note Industry.”
Read More »Five Star’s Delgado: Obama’s Efforts on Housing ‘Cannot be Counted as a Victory’
On Tuesday night, President Barack Obama stood before the nation and delivered his final State of the Union Address. The president touched on a number of topics including budgets, insurance coverage, gun violence, and minimum wage, among others. Five Star Institute ...
Read More »Amid Optimism for America, Obama Fails to Mention Housing Policy
In his final State of the Union Address, President Obama spoke of the hope for America that has permeated his speeches during his seven years in office. Much like last year, however, housing policy was noticeably absent from his remarks.
Read More »Home Prices Slip on the Oil Slide
Crude oil has fallen below $30 a barrel, that’s a 12-year low, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns.
Read More »Foreclosure Inventory Down to One-Third of its Peak
Whether or not housing has "recovered" is still being debated, but this much is certain: the foreclosure rate is one-third of what it was at its peak five years ago, an improvement deemed "remarkable" and "solid" by one economist.
Read More »Castro Fans Flames of VP Speculation
The HUD Secretary raised his public profile with appearance on the Late Show with Stephen Colbert Monday night on the eve of the State of the Union address, furthering speculation that he could be Hillary Clinton's running mate.
Read More »JPMorgan Chase Close to Fulfilling RMBS Settlement Obligation
The bank agreed to pay $4 billion in consumer relief in November 2013 as part of a then-record RMBS Settlement.
Read More »Will Obama Even Touch the Mortgage Industry in his Last State of the Union Speech?
Last year, the President barely mentioned housing policy in the State of the Union address. Those in the mortgage industry are eager to find out if Obama will even broach the subject Tuesday in what will be his final State of the Union address.
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