NATIONAL House Veterans’ Affairs Committee investigates the case of defrauded veterans The House Veterans’ Affairs Committee ordered his staff to investigate the cases of cheated veterans and taxpayers as the nation’s biggest lenders have charged these people illegal fees in their struggle to refinance home loans. The chairman’s action comes after a whistleblower lawsuit was [...]
NATIONAL Federal housing programs failed to meet expectations The Obama Administration’s Response to the Housing Crisis hearing wasn’t so smooth as it was planned to be, as several housing programs came under attack. The Obama administration responded to the housing crisis with several program such as Emergency Homeowners Loan Program (EHLP), the Neighborhood Stabilization [...]
NATIONWIDE The juries are in and the verdict is: Recession We thought we left the recession behind, but what we witnessed in 2008 – looking back in time – it was mostly just a shock, Lakshman Achuthan, co-founder of Economic Cycle Research Institute said in an interview with at Daily Ticker. But what it [...]
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 [...]
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 [...]
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 [...]
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 [...]
NATIONWIDE $8.5 billion MBS settlement blocked by investors It looks like not only Schneiderman had the eye for suspicious settlement between The Bank of New York Mellon and Bank of America. Now investors in soured Countrywide MBSs used a legal trap Friday to stop the same settlement which Schneiderman tried to block. The plaintiff in [...]
NATIONWIDE Eric Schneiderman is facing pressure on Bank Foreclosure Deal As time goes by banks along with the Obama administration increasing pressure on New York Attorney General, Eric Schneiderman. It looks like the administration forgot all the bad these lenders did. Each of them is ready to sign the settlement, because this will forgive [...]
NATIONWIDE The ball is in president Obama’s field now After president Obama asked for real estate professionals to think offer solutions for the distressed housing market Realogy Corp sent a letter to the president saying it is time to put real estate professionals who are on the front line each day fighting the housing [...]
We want to say thanks to Eureka for making our short sale possible
Roger and Lisa Pringle
Austin, Texas
