Although the CFPB director hasn’t commented publicly on it, rumors have long swirled that he intends to run for governor of Ohio
The embattled servicer will pay a minimum of $49 million to settle allegations arising out of the same issue that netted it a $150 million fine in 2014
After the devastating effects of the American housing bubble of the early 21st century, real estate professionals and investors have become very vigilant about a resurgence of greed, graft and unchecked speculation in the housing markets.
Americans have been nervous to get back into commercial investments, and for good reason. The crash hurt more than a few wallets and investors are afraid the growth we’re seeing now is doomed to fail yet again.
A broker in New York has been sentenced to 70 months in prison for falsifying FHA mortgage insurance documents in order to close millions of dollars of loans from 2007 to 2010.
The number of completed foreclosures dropped to 55,000 in March 2013 from 66,000 in March 2012, a 16% drop year-over-year, according to real estate research firm CoreLogic.
Construction spending dropped to a seven-month low in March as public outlays recorded their largest drop since 2006, which could cause the first-quarter economic growth estimate to be trimmed.
Lowering credit score requirements for new borrowers isn’t likely to raise their overall risk profiles, according to industry stakeholders