But included in the legislation was a short. real estate industry into crisis mode, said Lucien Savant, spokesman for the National Association of Realtors. "When Congress returns we will be waiting.
Do you ever get frustrated because attempts at working with others seem to get bogged down with the same issues? Whether you’re taking part in contentious negotiations in a real estate deal, trying to merge two different brokerages, or working on bringing disparate groups together in a committee or association context, it’s important to learn how to bridge common divides.
Bank of America (BOA) was sued in Federal Court today for civil mortgage fraud in a complaint seeking civil penalties as well as treble damages and penalties. The suit alleges that Fannie Mae and.
2018 HW Tech100 Winner: Ephesoft Freddie Mac is a 2018 HousingWire Tech100 Award winner for Loan Product Advisor automated collateral evaluation (ACE). The awards are presented annually to the 100 most innovative technology companies in the US housing industry. Released in June 2017, ACE is one of several innovations Freddie Mac has introduced through Loan Advisor Suite.Home price increases speed up in third quarter, hit new peak The cause of this situation, as I’ve shown above, wasn’t its aggressive land acquisition strategy — it was a steep and sustained fall in natural gas prices. That fall in natural gas prices really hit.
Victims: Sellers, buyers, lenders. All payments made as part of a short sale transaction should be disclosed to the lenders and other parties approving the short sale. According to Freddie Mac, short sale fraud occurs when someone deliberately misrepresents a fact or omits a fact in order to induce a lender, investor,
Real Estate Agent Pleads Guilty To Fraudulent Short Sale Scheme Costing Mortgage Lenders More Than $316,000 FRESNO, Calif. – Minerva Sanchez, 48, of Fremont, pleaded guilty today to conspiracy to commit bank fraud, United States Attorney Benjamin B. Wagner announced.
Without major reform of fundamentally poor lending policies, the FHA could soon join the failed ranks of her sister agencies fannie mae (fnm) and Freddie Mac (FRE. the cost of homeownership and.
Private sector gains 130,000 jobs in October Average home prices increase 2.2% in May: Case-Shiller Florida AG releases three more sworn statements in foreclosure probe Fla. AG Probe: Did 3 law firms Get 1,000s of Foreclosure Judgments By Possible Wrongdoing? By. The economic crimes division of the Florida attorney general’s office is investigating whether.rise in home prices remains steady at 6.4% according to s&p. – The S&P CoreLogic Case-Shiller U.S. National Home price nsa index, greater price increases in the year ending May 2018 versus the year ending April 2018.. As of May 2018, average home prices for the MSAs within the 10-City. 2.2%. 2.7%. 13.6%. mortgage amount increases by $20,000 The amount of the payment difference per $1000 depends on two main factors: The interest rate and especially the LOAN TERM. Here are some examples: On a 30 YEAR LOAN at 5% INTEREST, a $1000 increase in the loan amount will only increase the payment by $5.37 per month. Not that much at all.US Bancorp pays $200M to resolve FHA mortgage-lending violations Mortgage Lending. -Loan servicer have 5 days to acknowledge borrowers complaint and 45 days to resolve and explain -mortgage documents states borrower pays for hazard insurance. When policy is canceled or not renewed, servicer may choose alternative insurance company and charge the borrower for the cost of continued coverage.Ross D. Franklin/AP By Luciana Lopez U.S. private-sector employers added 130,000 jobs in October, lower than economists expectations for the month, a report by a payrolls processor showed Wednesday.
Freddie Mac recently began reaching out to real estate associations and fielded more calls on a rising rate of fraudulent short sales.
Three charged in real estate fraud scheme. for the "short sale" of real estate and did not comply with "arm’s-length" transaction provisions which require that dealings be conducted between.
2018 Women of Influence: Nancy Jardini The astronomical community marked the passing of former NASA Chief of Astronomy Nancy Grace Roman. a set of important women in space history, alongside Margaret Hamilton, Mae Jemison, and Sally.
Now let’s look at what Freddie Mac’s "opinion" of how fraud is enacted. A seller (delinquent borrower) owes $100,000 on a property that is worth $80,000. Hmmm..I wonder how that value is obtained. Oh yeah it’s by a lender designated real estate agent who gets a few bucks for giving a BPO. No investor representations here.