Home >> News (page 1177)

News

Report Lists Top Five Highest-Yielding REITS of 2015

In an Investopedia.com report, author Dan Moskowitz documented the top five real estate investment trusts (REITs) that will persevere consumers’ capital investments. He also cautions to steer clear of trusts that do not have investor’s best interest of growing their capital at the forefront of their priorities.

Read More »

CoStar: SFR Markets are Shifting to the South and Midwest

CoStar, a research organization, reported that single family rental (SFR) property acquisition is geographically shifting as home prices stabilize and credit conditions ease. Investors have also become more selective in which properties to buy and are more focused on managing their properties, collecting rents, and improving operations.

Read More »

JPMorgan Chase Not Responsible For WaMu’s Pre-September 2008 Liabilities, Judge Rules

A federal judge has ruled that the Federal Deposit Insurance Corp., is liable for facing certain legal claims that FDIC-insured JPMorgan Chase inherited from its 2008 acquisition of Washington Mutual, according to media reports. JPMorgan acquired the failing Seattle-based bank for $1.88 billion in 2008 during the onset of the financial crisis, after the Office of Thrift Supervision seized Washington Mutual and appointed the FDIC as receiver.

Read More »

CFPB Warns that Reverse Mortgage Advertisements Can be Deceiving

The Consumer Financial Protection Bureau (CFPB) issued a warning to consumers today about the misleading effects of reverse mortgage advertisements. The Bureau released results of a focus group study on reverse mortgage advertisements and found that many participants were left confused about the product. The study found that after viewing the ads, consumers did not understand that reverse mortgages were actual loans. Instead, they were left under the false impression that reverse mortgages are government-issued program that would help consumers stay in their home for the rest of their lives.

Read More »

Over 6.6 Million Homes at Risk of Storm Surge Damage in 2015

Global property information, analytics and data-enabled services provider CoreLogic, Inc. recently released its 2015 Storm Surge Analysis which found that more than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge damage. The total reconstruction cost value (RCV) is nearly $1.5 trillion for the storm surge damages.

Read More »

Clayton Holdings Welcomes New Senior Managing Director of Business Development

Real estate and mortgage industry services provider Clayton Holdings has announced the hiring of Suzanne Singer as senior managing director of business development. Singer, who has a B.A. in Economics from The College of William and Mary, brings more than 20 years of experience in the mortgage industry to Clayton Holdings. Prior to coming to Clayton, she was the EVP of sales and marketing for Litigation Guard, a provider of mortgage-risk lending risk management tools and technology services.

Read More »

Texas and Oklahoma Borrowers to Receive Disaster Relief From Freddie Mac

In the wake of the recent storm disaster that swept through Texas and Oklahoma in late May, Freddie Mac, one of the largest investors in residential mortgages, announced today in a press release that it will provide disaster relief polices for eligible residents. These policies are being offered to homeowners whose home were damaged or destroyed due to the incessant storms that affected these areas.

Read More »

New Legislation to Provide Main Street Bank Relief and Consumer Protection

Democratic Members on the Senate Banking and House Financial Services Committees announced in a press release that new legislation will provide targeted relief to small financial institutions and protection for consumers. This legislation was introduced in both the House of Representatives and the United States Senate and has the unanimous support of Democratic Members of the respective committees.

Read More »

CFPB Announces ‘Good Faith’ Grace Period For TRID Rule Compliance

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday morning that a grace period will be in effect for those servicers attempting to comply in good faith with the TILA-RESPA Integrated Disclosure (TRID) requirements that are scheduled to go into effect August 1. While the CFPB did not push back the August 1 implementation date of the rule, it attempted to ease some of those concerns on Wednesday by saying it would take into account a company's good faith effort to comply with the rule after it goes into effect.

Read More »