Tweet “* 2011 a record year for church foreclosures * Churches hit by credit bubble, some devalued. * Churches faulting, struggling with “balloon” payouts * Banks say church foreclosure last resort By Tim Reid LOS ANGELES, March 9 (Reuters) – Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience [...]
Entries Tagged as 'short sale help florida'
Church Foreclosures Hit Record In 2011
March 11th, 2012 · No Comments · Foreclosure, News, Uncategorized
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Bank of America Sells Securitization Unit to US Bancorp
November 17th, 2010 · No Comments · Uncategorized
Tweet By: Elan Weisz Special to CNBC.com U.S. Bank, the largest subsidiary of U.S. Bancorp, will acquire the U.S. and European securitization trust administration businesses of Bank of America, the company announced Monday. The deal could be worth as much as $35 million. The transaction, which is expected to close in December, is expected to increase U.S. Bancorp’s [...]
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Foreclosure Fallout: Video
November 15th, 2010 · 1 Comment · Foreclosure, News, Real Estate Law
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Florida gets $1 billion in foreclosure prevention aid
October 27th, 2010 · 1 Comment · Foreclosure, News
Tweet By: Paul Owers | Sun Sentinel “The federal government has earmarked more than $1 billion for foreclosure-prevention assistance in Florida, but the aid won’t be available statewide until next year. Florida housing officials said Wednesday they’re starting a pilot program in Lee County next week to help borrowers who are unemployed or in jobs [...]
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Tab for Fannie, Freddie could soar to $363B
October 25th, 2010 · 1 Comment · loan modification, News
Tweet “First time FHFA has released a public estimate of the taxpayer tab” By ALAN ZIBEL The Associated Press “WASHINGTON — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac.That [...]
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Former Countrywide chief settles SEC charges
October 21st, 2010 · 1 Comment · Commercial Loans, News, Real Estate Law
Tweet “Bank of America stuck paying most of the $73 million in fines and penalties” By JACOB ADELMAN The Associated Press “LOS ANGELES — Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges that alleged he profited from doling out risky mortgages [...]
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States aim to force changes in foreclosure process
October 16th, 2010 · 1 Comment · Foreclosure
Tweet State attorneys general aim to force changes in mortgage industry’s handling of foreclosures Alan Zibel, AP Real Estate Writer, On Tuesday October 12, 2010, 7:04 pm EDT WASHINGTON (AP) — If the attorneys general of up to 40 states have their way, mortgage companies will have to revamp the way they handle foreclosures, pay penalties [...]
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How Halt in Foreclosures Could Impact South Florida
October 13th, 2010 · No Comments · Uncategorized
Tweet The foreclosure crisis may now have its own crisis on its hands. As more and more banks are temporarily halting foreclosures and the sale of foreclosed homes while they make sure the paperwork was done properly on each case, there is concern over its impact on South Florida. And there may be more questions [...]
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