by admin | May 20, 2015 | Homeownership
By Ben Lane Despite the level of student loan debt rising to well above $1 trillion, young buyers are not being inhibited from obtaining a mortgage due to their debt, according to a new report from TransUnion. According to the latest report from the Federal Reserve...
by admin | May 6, 2015 | Homeownership
By Ben Lane Ocwen Financial (OCN) and Assurant (AIZ) have agreed to pay $140 million to settle a massive class-action lawsuit, which accused Ocwen of artificially inflating the cost of force-placed insurance in exchange for kickbacks from Assurant. The settlement...
by admin | Apr 22, 2015 | Homeownership, Mortgages
By Ben Lane The Consumer Financial Protection Bureau and theFederal Trade Commission announced Tuesday that the organizations are taking action against Green Tree Servicing, a subsidiary of Walter Investment Management Corp. (WAC), for “mistreating borrowers” who were...
by admin | Apr 9, 2015 | Homeownership
By Brian Honea The optimism expressed by consumers toward the economy and the housing market at the beginning of the year has stalled as consumers’ attitudes toward personal finances and wage growth have taken a step backward, according to Fannie...
by admin | Jan 7, 2015 | Homeownership
By Author: Brian Honea of DS News Just before Christmas, President Barack Obama signed into law H.B. 5771, known as the Tax Increase Prevention Act of 2014, which retroactively extended 55 tax provisions – including one that provides distressed homeowners relief on...
by admin | Oct 28, 2014 | Homeownership, Mortgages
By Ben Lane The record-setting settlement between Bank of America(BAC), the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities is on hold due to political in-fighting at the...
