Continuing to fill in gaps at the federal level, state attorneys general are keeping busy with enforcement actions, and on issues that might have received more CFPB attention under the old Cordray.
The consumer financial protection bureau (cfpb) is reportedly investigating how banks are handling ‘zombie foreclosures’ – homes in foreclosure that have been vacated by the homeowner before foreclosure proceedings have been completed, and thus are in ‘limbo’ – to see if more can be done to address the problem.
Return of Zombie Foreclosures | zombielaw – Some zombie foreclosures can be cured if a new homeowner is interested in buying the property, often via short sale, and rehabbing.. Unfortunately the best solution for some zombies is a kill shot in the form of full demolition. Reuters:"CFPB targets "zombie" foreclosures after Reuters report" by Michelle Conlin:
Stonegate Mortgage hires new Atlanta market manager Multifamily development picks up despite falling demand multifamily: responding to Demand – Arizona School of Real. – Senior Managing Partner, ABI Multifamily . Thomas M. Brophy Director of Research, ABI Multifamily . As of the end of 2015, the Phoenix metro multifamily market surpassed .8 billion in total sales volume. This is up 34 percent Y-O-Y and almost 265 percent from 2010 sales volume reaching a total of just over $1 billion.But while economists typically point to population growth as the sign of a healthy city, the trend is not seen as doom and gloom for business and development in gateway markets. The New York City..
In this world of extreme flavor and ultra tastes, it is nice to see a little subtlety. The folks at Keebler have come out with these snacks that are crackers on one side and pretzel on the other.
CFPB clearing decks with slew of lawsuits as Cordray battle looms – a partner at the law firm Arnall Golden Gregory and a former managing counsel in the CFPB’s Office of Regulations. "They have an extra incentive right now because they’re a political football.".
Multifamily development picks up despite falling demand Jobless claims slip by 2,000 filings Fed needs to go back to the drawing board Back to the drawing board on bridge project. The brent spence bridge project needs to be right-sized and more affordable. A smaller, more focused project should be faster, cheaper and work for us all.WASHINGTON (CBS.MW) — Average filings for state unemployment benefits over the past four weeks fell to their lowest level since November 2000, the labor department reported Thursday.On our last call in March, we projected Q1 origination volumes in both product lines would be lower due to an industrywide slowdown in the SBA 7(a) market and increased competition in the agency multi.
The news earlier this week that Glens Falls has gotten $90,000 in state money to target unoccupied, unmaintained "zombie" homes that are going through the foreclosure process. I wonder if some of that.
Summary of the CFPB foreclosure avoidance procedures foreclosure avoidance In response to the poor experience of many distressed borrowers during the mortgage crisis, the CFPB is putting in place new procedures to facilitate borrowers’ access to foreclosure avoidance options. The new rules are designed to provide consistent and meaningful
MGIC writes $2.1B in new primary mortgage insurance MGIC – Home | Facebook – Mother’s Day Stats – Mortgage Infographic: Did you know the first Mother’s Day was created in 1908 by a woman named Anna Jarvis and in 2017 consumers spent an estimated $5 billion on jewelry. Check out some other interesting Mother’s Day stats in our mortgage infographic.S&P Lowers the Boom on 1,326 Alt-A RMBS Classes Likewise, alt-A lending has gained share in overall originations, rising from 2.2 percent in 2003 to 14 percent in the second quarter of 2006. Alt-A’s share of private-label originations has soared from 12 percent in the first quarter of 2003 to 34 percent in the second quarter of 2006, according to Inside Mortgage Finance.
American Banker: CFPB Takes Aim at Zombie Foreclosures.. "The CFPB is beginning to look very closely at abandoned properties and zombie foreclosures," Maggiano said Tuesday at a conference sponsored by the Federal Reserve Bank of Cleveland.
The Consumer Financial Protection Bureau has turned its attention to "zombie" foreclosures, as reported by Reuters. A zombie foreclosure occurs when a bank begins a foreclosure, but then abandons the process without informing the homeowner. In most cases the zombie foreclosure is stopped by the bank after the homeowner has moved out of the.