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BRIEF: Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan
The Palm Beach PostBanks are getting tens of millions of taxpayer dollars through Florida's key foreclosure prevention program to pay down borrower debt, but are also using the money to pay off their own attorney's fees and other costs associated with taking back people's...Tags: Financial and Business Services, Palm Beach (Palm Beach, Florida), West Palm Beach
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Bay Area firm's idea to lift underwater homeowners to positive equity loses steam
The Sacramento BeeA year ago, with the real estate market still in a deep slump, a San Francisco firm caught the attention of officials in California and elsewhere with its novel idea of using eminent domain to seize underwater mortgages in order to reduce the amount...Tags: Kevin Johnson, Financial and Business Services, Real Estate, Local Government, Finance
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Some foreclosed-upon homeowners getting mortgages
The Tampa TribuneStuck renting for a few years, Tampa Bay area residents who had a foreclosure during the housing crash are buying homes again. Among them is Xiomara Mewa of Tampa. A former loan officer, her finances tumbled five years ago when the lenders she worked...Tags: Financial and Business Services, Federal Housing Administration, Tampa, National Government, Government
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Northumberland County: Madison Court owes $14K in back taxes
The News-Item, Shamokin, Pa.The Shamokin Housing Authority (SHA) will go back to Northumberland County Court over Madison Court Apartments, this time to have a disputed debt removed from the property. SHA filed a civil complaint May 10 against the Northumberland County Tax...Tags: Financial and Business Services, Companies and Corporations, Housing and Urban Planning, Politics, Interior Policy
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Affordable senior housing plan draws objections in Egg Harbor City
The Press of Atlantic City, Pleasantville, N.J.Councilman Clifford Mays Jr. and some residents are opposing an ordinance to drop the sales price of city-owned land so a developer can better qualify for tax credits to build affordable senior rental housing there. The price of the two-acre Fanny D....Tags: Dwayne Johnson, Property, Realty, Atlantic City (Atlantic, New Jersey), Hurricane Sandy (2012)
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Floridians could net $19 million in Wells Fargo settlement
A group of South Florida attorneys has negotiated a projected settlement of more than $19 million to resolve a class-action case brought on behalf of thousands of homeowners across the state who, through their Wells Fargo Bank mortgages, were subjected to...
Tags: Financial and Business Services, Pompano Beach, Palm Beach (Palm Beach, Florida), Justice System, Lawyers
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Manage your credit well and watch your credit score improve
The Palm Beach PostHow much does your credit score matter? The score matters a lot and can make a big difference in what you pay for everything from a mortgage to a car loan. "Credit scores have become so influential in the lives of most consumers that tens of...Tags: Palm Beach (Palm Beach, Florida), Stamford, Finance, Credit and Debt, Equifax Incorporated
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New top Realtor sees a rebound, but full recovery years away
Washington TimesAs a Realtor in Orange County, California, Gary Thomas lives at the epicenter of the last decade's epic housing boom and bust that is only now beginning to release the economy from its withering grip. It was in that county and the broader Los Angeles...Tags: U.S. Congress, Real Estate, Federal Housing Administration, Services and Shopping, Politics
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Son's ex-wife not cooperating with short sale
Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/housekeys each Friday. To ask a question, go to SunSentinel.com. Q: My husband and I co-signed a loan for our son and his now ex-wife. Our son stayed...Tags: Financial and Business Services, Real Estate, Services and Shopping, Bankruptcy, Justice System
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Financial and Business Services, Real Estate, Federal Housing Administration, Services and Shopping, Consumers
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Rethinking the virtues of owning your home
The Arizona Daily Star, TucsonThe virtue and financial sense of homeownership -- and the second-class status of renters -- are pervasive ideas in America, but housing experts are reconsidering the conventional wisdom. "We have one long-standing paradigm, that mortgage-based...Tags: Financial and Business Services, Arts and Culture, Colleges and Universities, Cornell University, University of Arizona
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Another former Seeno employee pleads guilty, agrees to help feds
The Contra Costa TimesA former Seeno employee pleaded guilty in federal court Thursday to paying bribes to a mortgage broker to help secure home loans for homebuyers, according to federal prosecutors. Jason Sterlino, 34, of Hercules -- a former sales manager with Discovery...Tags: Corporate Crime, Bank of America Corp., Walnuts, FBI, Bribery
May 19, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| McClatchy-Tribune
May 17, 2013
|Story| South Florida Sun-Sentinel
May 18, 2013
|Story| McClatchy-Tribune
May 18, 2013
|Story| McClatchy-Tribune
May 17, 2013
|Story| South Florida Sun-Sentinel
May 17, 2013
|Story| Los Angeles Times
May 17, 2013
|Story| McClatchy-Tribune
May 17, 2013
|Story| McClatchy-Tribune
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