The banking giant has paid almost all of the $7 billion in consumer relief it owes as part of a settlement with state and federal authorities over shoddy mortgage bonds
Steve Mnuchin, President-elect Donald Trump’s nominee to head up the Treasury Department, will resign his role on the board of commercial banking company CIT Group
As home inventory and interest rates remain low in many parts of the nation, consumer confidence in housing is beginning to return. This is particularly true in California where supply cannot meet the demand of new homebuyers and investors. It is not uncommon that reasonably priced listings receive a deluge of competing offers. With the additional availability and attractiveness of owning a bank-owned property (more house for less money), some brokers have received more than 80 offers on one REO property. With the level of multiple offers at a record high, managing and securing the best offers while maintaining quality service may prove challenging.