The New York attorney general is reportedly investigating reverse mortgage servicing practices at units of Nationstar Mortgage and OneWest bank
Former homeowners, speaking before the Senate, urged the rejection of Steve Mnuchin’s nomination as Treasury secretary after foreclosure issues with OneWest bank
The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.
The negative effects of the American housing bubble crisis are still being felt in residential neighborhoods across the United States. A recent report from the S&P/Case-Shiller housing price index shows that prices of single family homes in 20 metro areas fell 0.7 percent in November of last year, and 0.5 percent the next month. The S&P/Case-Shiller index is now at a record low level that was last seen in 2003, a crucial year in the history of the housing bubble.