Featured News, Mortgage, US Real Estate

Are Credit Score Requirements Too Strict?

By Mike Wheatley | May 14, 2014
Executives at FICO, the creator of a credit score widely used in the mortgage industry, say that the high credit score “cutoffs” that mortgage lenders imposed following the housing crisis are stricter than necessary.
Mortgage, US Real Estate

Will the New Mortgage Rules Change the Real Estate Market

By Brian Kline | January 14, 2014
Bureaucracy may move slowly but it does move. Years after the collapse of the real estate market and another year after its recovery, the Consumer Financial Protection Bureau came out with new rules last week intended to protect consumers from the mortgage industry.
Mortgage, US Real Estate

Small Lenders Making a Big Difference

By Brian Kline | December 13, 2013
According to Inside Mortgage Finance, smaller banks and nonbank lenders are now dominating the mortgage business. A study found that these previously nontraditional mortgage lenders make up about 60% of mortgages today compared to about 39% in 2009. Of course, this depends on how you define smaller banks and nonbank lenders. When considering those outside […]
US Real Estate

Citibank, Wells Fargo Halt Foreclosure Sales Due To New Rules

By Mike Wheatley | May 21, 2013
Two of America's biggest banks have announced a temporary halt to foreclosure sales in several US states. Citigroup and Wells fargo said that the move was a precautionary measure after federal regulators made changes to guidance on the minimum standards applied to foreclosure transactions in the affected states.
US Real Estate

Blackstone, Lone Star, and Starwood Eye Commerzbank UK Portfolio

By Al Twitty | March 13, 2013
In UK property news, Blackstone, Lone Star, and Starwood are reportedly interested in bidding on a huge UK portfolio of property loan bank Commerzbank AG'. If the deal bidding is won at the suggested level of £5 billion, it would be the largest portfolio of assets of a kind sold in Europe since the 2oo8 financial crisis began.
Mortgage, US Real Estate

Latest Foreclosure Settlement - Whitewash For Banks Or Proof That Banks Are Not Guilty?

By Donna S. Robinson | January 9, 2013
The latest 8.5 billion dollar foreclosure fraud settlement has the top ten banks paying out this money to mortgage borrowers who were involved in a foreclosure proceeding in 2009 and 2010, without regard for whether that borrower was wronged or not.
Featured News, Mortgage, US Real Estate

Independent Foreclosure Review Extended To September 30, 2012

By Donna S. Robinson | July 30, 2012
If you are or were a homeowner who had a foreclosure initiated, pending or completed between January 1, 2009 and December 31, 2010, you may be eligible for compensation or damages related to your foreclosure case IF you act to file a request for review before the September 30th 2012 deadline.
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