Three men were arrested and charged in connection with what is believed to be one of the biggest mortgage modification schemes ever perpetrated, according to an announcement made by Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Preet Bharara, the U.S. Attorney for the Southern District of New York.
Read More »Fannie Mae and Freddie Mac Post Q2 Earnings
The U.S. government is set to see another $5.6 billion from Fannie Mae and Freddie Mac as both GSEs continue to post solid earnings.
Read More »SunTrust Cooperating with Foreclosure Fee Investigation
In a quarterly filing released Wednesday, SunTrust Banks, Inc. announced that it was cooperating with a government probe into fees and expenses charged by law firms for services related to foreclosing upon delinquent loans guaranteed by Fannie Mae and Freddie Mac.
Read More »Connecticut Housing Market Improves
Connecticut's housing market headed into summer with a promising gain in home sales, reflecting the spoils of an active spring season.
Read More »Nationstar Reports Strong Q2 Earnings for 2014
Nationstar Mortgage Holdings, Inc. today announced a hefty 174 percent increase in its 2014 second quarter earnings compared to its first quarter earnings for this year.
Read More »Alliant Hires Brasier as SVP
With the hiring of Lindley Brasier as Senior Vice President and Regional Underwriting Counsel, Colorado-based Alliant National Title Insurance Company brings 37 years of title insurance industry experience to the organization.
Read More »Survey: Agent/Client Relationship Key for First-Time Buyers
Century 21 gained the highest customer satisfaction rating among real estate brokerages in all four buyer/seller categories, according to the J.D. Power 2014 Home Buyer/Seller Satisfaction Study released on Aug. 6. The four categories measured were: first-time buyers, repeat buyers, ...
Read More »Freddie Mac Sells Off “Deeply Delinquent” Loans
Freddie Mac has agreed to sell more than a half-billion dollars in what it calls “deeply delinquent” loans from its investment portfolio to an as-yet unnamed buyer.
Read More »Fed and FDIC Complete Review of Bank “Living Wills”
The Board of Governors of the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced Tuesday that it had completed the review of the second round of resolution plans submitted by 11 large banks.
Read More »Housing Prices Continue to Rise
CoreLogic has released its Home Price Index (HPI) report showing that home prices increased in June 2014 by 7.5 percent when compared with a year earlier.
Read More »