The weight of the mortgage crisis fell heavily on lower-income and minority communities, where first-time home buyers often fell victim to the predatory lending practices that resulted in an explosion of defaults and foreclosures.
via – NYTimes.com.
May 29
The U.S. Department of Housing and Urban Development recently announced that it is offering up to $9.1 million to address the critical housing needs of low-income persons and families living with HIV/AIDS, including homeless individuals and families. HUD’s funding notice is offered through the Housing Opportunities for Persons with AIDS (HOPWA) Program.
via RISMedia.
May 29
The U.S. Department of Housing and Urban Development recently announced that it is offering up to $9.1 million to address the critical housing needs of low-income persons and families living with HIV/AIDS, including homeless individuals and families. HUD’s funding notice is offered through the Housing Opportunities for Persons with AIDS (HOPWA) Program.
via RISMedia.
May 29
Now, at Google Advisor, users can use Google to track, forecast and get advice on their basic finances ranging from checking to mortgages.
via agentgenius
May 29
State attorneys general told five of the nation’s largest banks on Tuesday they face a potential liability of at least $17 billion in civil lawsuits if a settlement isn’t reached to address improper foreclosure practices, according to people familiar with the matter.
via WSJ.com.
May 28
California Atty. Gen. Kamala Harris, saying that years of unscrupulous lending still haunts the state, is creating a 25-person task force to target mortgage fraud of any size — from small operations that preyed on troubled borrowers to corporations that sold risky loans as safe investments.
via latimes.com.
May 28
Slight drop in strategic defaults unlikely to last as more people do the math, see they cant recover and make a business decision to walk away from their mortgage, even if it ruins their credit
via chicagotribune.com.
May 19
The Federal Deposit Insurance Corporation (FDIC) has filed against CoreLogic for $129 million and demanded a jury trial regarding allegedly faulty appraisals provided to Washington Mutual Bank (WaMu) which the FDIC seized in 2008 prior to facilitating its sale to JP Morgan Chase. The FDIC has also filed suit against CoreLogic competitor
via agentgenius
