MBA: Mortgage applications fall again, decrease 1.3% Accenture to buy majority stake in Brazilian mortgage processing firm Accenture Buys Majority Stake in Mortgage-Managing Firm Vivere Brasil Accenture has acquired a majority stake in Brazilian mortgage-processing technology firm Vivere Brasil Servicos e Soluces, as the global outsourcing giant tries to move deeper into Latin.MBA weekly survey: mortgage Applications drop 2.4%. refinance activity decreased over 6% and the refinance share of applications fell back below 50%,
CHARLOTTE, N.C. (AP) – A mushrooming crisis over potential flaws in foreclosure documents threatened to throw the real estate industry into chaos, as Bank of America on Friday extended a foreclosure.
Another major servicer, Ally Financial Inc., formerly GMAC Inc., also has resumed some foreclosures after its own moratorium. Donovan said the administration did not have a problem with those.
Last month, it was revealed that a manager at Ally Financial had ignored verification procedures before signing off on thousands of foreclosure documents. The individual testified that he had failed to properly review cases, and had also ignored a requirement that he sign foreclosure documents in the presence of a notary.
WATCH: Zillow CEO accepts ice-bucket challenge As the ALS ice bucket challenge swept through the ranks of American CEOs this week, the nation’s c-suites faced a serious management question. Just how much ice are you going to put in that.
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LOS ANGELES – Two big mortgage lenders are reviewing foreclosures as public officials heighten pressure on the industry over allegations that they made errors in documents used to evict homeowners..
· Bank of America Corp. has temporarily halted all foreclosures in all 50 states, including Texas, to address concerns that the company is improperly handling some.
Bank of America and Ally said they were halting foreclosures while they review their procedures. J.P. Morgan Chase and Ally said they had hired outside counsel to conduct the review. None of the banks.
· What Can Be Done and What Has Been Done RE: A State Wide Moratorium on Foreclosures (Originally posted July 3, 2010)As I sit here on this 4th of July weekend to write this article and reflect on what is happening in this once great nation, it saddens me that it has gotten this bad.
GMAC Mortgage expects all foreclosure delays to be resolved "within the next few weeks and certainly before year end, without consequence." GMAC Mortgage is a unit of Detroit-based Ally Financial.
· Bank of America Corp. has temporarily halted all foreclosures in all 50 states, including Texas, to address concerns that the company is improperly.
The halt expands the bank’s previous moratorium on foreclosures in 23 states where courts have to participate in foreclosure proceedings, according the Washington Post. JPMorgan Chase and Ally.
Number of Americans in foreclosure plummets: LPS Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida The massive probe threatened to implicate the biggest banks in America, but sent just one woman to prison. by David DayenFHA’s Montgomery says more flexible condo rules are coming NY regulator freezes Ocwen-Wells Fargo $2.7B MSR deal Once again, a New York regulator is influencing the entire mortgage industry. In this case, the industry is still talking about the ocwen/wells fargo servicing deal that fell through last week.Obama administration expects new push for REO rentals White House Should Require Nonprofit Participation in Bulk. – The Obama Administration and the banking sector have been contemplating bulk sales of REO properties. For the most part, the private-sector real-estate industry favors individual cash sales to the highest bidder. This would move REO properties into the hands of entities that have the capital to improve them and then sell or rent them out tagged with "Rules" Tag:. an asset and not a currency, Mortgage FHA’s Montgomery says "more flexible" condo rules are coming | 2019-05-20. by steveik May 20, 2019. by steveik May 20, 2019. federal housing administration commissioner brian montgomery said the agency is.