NATIONWIDE OCC moves to restore confidence in the housing market The OCC helped the banks with their future plans: 14 servicers who received consent orders from federal regulators earlier this year will have long and dusty road ahead, as they need to spend the next year or more recompensing for past documentation errors, coming [...]
The OCC helped the banks with their future plans: 14 servicers who received consent orders from federal regulators earlier this year will have long and dusty road ahead, as they need to spend the next year or more recompensing for past documentation errors, coming from their faulty foreclosure proceedings. “Unfortunately, such a complex process will [...]
12 months after evidence surfaced about the existence of robo-signing practices, state attorneys general aren’t getting closer to a consensus on what the settlement should include or not. Fact is, Kentucky Attorney General Jack Conway and Minnesota Attorney General Lori Swanson now took Schneiderman’s role and they are now speak against the settlement agreement, which [...]
NATIONWIDE Appraisals to help GSEs monitor the mortgage market The unregulated housing market ended up collapsing a couple years ago and this isn’t what the government-sponsored enterprises want to witness again, so they published new guidelines which took effect at the end of last month. These guidelines cover the work of appraisers and help [...]
The unregulated housing market ended up collapsing a couple years ago and this isn’t what the government-sponsored enterprises want to witness again, so they published new guidelines which took effect at the end of last month. These guidelines cover the work of appraisers and help the GSEs to build a massive database of every appraisal [...]
As the nation’s biggest lender, Bank of America resumed its foreclosures, notice of default filings jumped nearly 70% in California from July, ForeclosureRadar reported. Foreclosure starts increased in five West Coast States from the previous month: California, Arizona, Washington, Oregon and Nevada. According to ForeclosureRadar statistics, Bank of America foreclosure starts more than doubled last [...]
NATIONWIDE Questions remain unanswered after Obama announces refinancing plan After listening to President Obama’s jobs plan leading analysts were disappointed by what he said, because they don’t saw any clear direction of the housing market. Moody’s Analytics Chief Economist Mark Zandi said “The president’s plan is large, but in some key respects it is [...]
The Consumer Financial Protection Bureau or CFPB collects feedback about sample mortgage disclosure forms to help the agency construct standard uniform lending documents for the industry. The fourth round of testing is part of CFPB’s “Know Before You Owe” campaign. The agency posted identical mortgage forms online this week with different loan products printed on [...]
After listening to President Obama’s jobs plan leading analysts were disappointed by what he said, because they don’t saw any clear direction of the housing market. Moody’s Analytics Chief Economist Mark Zandi said “The president’s plan is large, but in some key respects it is not complete. Most notably, it does not directly address the [...]
NATIONWIDE HUD gives states results of robo-signing probe After a year of investigation, the Department of Housing and Urban Development has result in the robo-signing case, Iowa Attorney General’s spokesman said. As the date of the settlement approaches, Iowa Attorney General surprises the taxpayers with news each day. The latest one is the result [...]
Eureka, was instrumental in helping us sell our home. As our family experienced financial hardship we were left with limited options in dealing with our home. Because of our current financial situation and future plans to support our kid’s through college we chose to sell our home. Eureka was creative and always showed to have a solution regardless of the situation. If you are lost, facing foreclosure, or have any questions regarding selling your home, call Eureka a call they will have an answer.
Heriberto Garcia
Austin, TX
