Mortgage, Real Estate Technology, US Real Estate

Short Sale Incentives For Cash-Strapped Homeowners

By Mike Wheatley | June 29, 2011
Two of the nation’s biggest lenders are giving away cash rewards to struggling Florida homeowners who agree to stave off foreclosure by doing a short sale instead, according to reports in the Florida Sun-Sentinel.   Wells Fargo and JP Morgan Chase haven’t made any official announcements about the initiative, but indebted homeowners have reported that […]
Mortgage, Real Estate, US Real Estate

Deadline Extended For Banks To Revamp Foreclosure Practices

By Mike Wheatley | June 15, 2011
Federal regulators have given the nation's 16 leading mortgage lenders another month to work out how they are going to tackle the widely publicized problems they are facing with loan modification and foreclosure procedures. Mortgage lenders and servicers were initially given a 45-day deadline by federal regulators to come up with their plans - a […]
Real Estate, Real Estate Investing, Residential, US Real Estate

Azure Announces Two New Preferred Lenders

By Allison Halliday | June 2, 2011
Azure, which is one of the most sophisticated new residential buildings in New York, has just announced that Chase and Wells Fargo are now financing loans for buyers, joining HSBC mortgage Corporation as preferred lenders. This luxury building was developed by The Mattone Group and The DeMatteis Organizations. Doug Maclaury, Senior Vice President of The […]
US Real Estate

Faulty Paperwork Stalls April Foreclosures

By Mike Wheatley | May 15, 2011
The number of foreclosures fell in the last month as activity continued to slow down due to faulty paperwork, a survey said last week. Foreclosure numbers fell to a three-year low, with just 69,532 homes seized by banks in April, which is down 8.6% on the previous month and a third less than the same […]
US Real Estate

Banks Ordered to Reimbursh Wrongly Foreclosed Homeowners

By Tavis J. Hampton | April 15, 2011
The U.S. federal government has ordered 16 of the largest lending institutions to pay back those customers who did not get proper foreclosures.  Among those on the list are Citibank, JPMorgan Chase, Bank of America, and Wells Fargo, the four largest banks in America. This is the governments latest jab at mortgage lenders designed to […]

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