Wells Fargo notified 1,000 employees, including 900 mortgage lending professionals, that their jobs will soon be eliminated. It's the first major round of layoffs in a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.
The rain is still pouring down in Oahu, but Fannie Mae and Freddie Mac are ahead of the game. Both GSEs have already announced that their disaster relief programs are in effect for those impacted by Hurricane Lane. Foreclosure News
Charlotte's historic Excelsior Club, an African-American community landmark that's been closed for nearly a year, could reopen by the end of the year. “I would like to walk in there and say, 'Wow, look at this place!'” said Cunningham, a Democratic state lawmaker. Foreclosure News
The U.S. Treasury Department recently issued a report titled “A Financial System That Creates Economic Opportunities-Banks and Credit Unions.” In addition to recommended changes for the CFPB, the report devotes substantial attention to the residential mortgage industry from the primary to the secondary markets . Foreclosure News
TOWN OF NEWBURGH – A trio of buyers led by the family that owns John J. Lease Realty has purchased the long-struggling Newburgh Mall, according to a deed filed with the Orange County Clerk's office. Foreclosure News
May 2018 saw the fewest number of serious delinquencies and homes at some stage of foreclosure since 2006, according to report In an excellent sign for the housing market, more Americans are able to make timely payments on their home mortgages and fewer are losing their homes to foreclosure that at any point in the…
A week after former South Carolina governor Nikki Haley and her husband, Michael Haley , sold their Lexington, S.C. home for $ 405,000 – news which was exclusively reported by this outlet – another real estate transaction involving the family of the outgoing ambassador to the United Nations did not go over quite so well….
