IV. Fair Lending – Fair Lending Laws and Regulations FDIC Consumer Compliance Examination Manual – September 2015 IV – 1.3 Redlining is a form of illegal disparate treatment in which a lender provides unequal access to credit, or unequal terms of credit, because of.Bank REO down 18% from one year ago Ocwen unveils new principal reduction program principal reduction modification . BACKGROUND. The Federal Housing Finance Agency (FHFA) undertook an extensive evaluation to determine whether to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises).That’s down from 7.3 percent of all sales one year ago. Another 6.1 percent of all May sales were bank-owned, down from 8 percent one year ago, the GLVAR reported. The average price of homes sold in.
A slight rise. 2.5 percent week to week, according to a seasonally adjusted index from the Mortgage Bankers Association. Volume was 2 percent lower compared with the same week one year ago..
United States Chief Financial Officer at Purnell School Nonprofit Organization Management Education Rutgers, The State University of New Jersey-Newark MBA, Finance University of Delaware – Lerner College of Business and Economics BS, Accounting Experience Purnell School 2012 – Present ikon office solutions, Inc.