New York foreclosure laws must be fixed: regulator

New York foreclosure laws must be fixed: regulator

Ben Lawsky, superintendent of the Department of Financial Services, slammed the state’s foreclosure laws for letting settlements drag on too long and …

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Mortgage Delinquency Rate Dips to Pre-Recession Levels

Mortgage Delinquency Rate Dips to Pre-Recession Levels

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Georgia Real Estate Investor Please Guilty to Fraud

Georgia Real Estate Investor Pleads Guilty to Bid Rigging and Fraud Conspiracies at Public

Anyone with information concerning bid rigging or fraud related to public real estate foreclosure auctions in Georgia should contact Washington …

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Fannie, Freddie Set Non-bank Lender Liquidity Rules

Fannie, Freddie Set Non-bank Lender Liquidity Rules
Reuters | May 20, 2015
U.S. non-bank mortgage lenders will need minimum liquidity levels to do business with the government-controlled firms that dominate housing finance, according to rules announced on Wednesday that aim to shield taxpayers from risks in the home loan industry.

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CFPB Seeks to Fine PayPal $25 Million Over Credit Allegations

CFPB Seeks to Fine PayPal $25 Million Over Credit Allegations
The Washington Post | May 20, 2015
Consumers using PayPal to shop online were unknowingly signed up for credit lines and promised discounts and payment options they never received, according to a complaint filed in federal court by the Consumer Financial Protection Bureau.

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Mortgage Rates Begin Another Week Moving Higher

Mortgage Rates Begin Another Week Moving Higher

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MBA Head Stevens: “Housing Policy is Failing Today”

MBA Head Stevens: “Housing Policy is Failing Today”

The head of the mortgage industry’s largest trade group put forth a vigorous challenge to Washington’s power elite, charging them with policies having are putting a disastrous impact on homeownership. … KEEP READING

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