H&R owes $ 19 million on the mortgage it took out in 2007 to buy Marsh's headquarters building in Fishers. Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer's stores in its portfolio.
A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth. FILE PHOTO: Girls walk by a locked and boarded up home in Brentwood, New York February 10, 2012. Foreclosure News
Florida officials left $ 250 million in federal money — all designed to help Floridians struggling to keep their homes — go to waste. Florida officials left $ 250 million in federal money — all designed to help Floridians struggling to keep their homes — go to waste. Foreclosure News
The recent legislation passed by Congress and signed by President Donald Trump will reduce some of the compliance costs burdening credit unions, community-based banks and Main Street mortgage bankers. “We lose about a credit union a day, and it's mostly because of the regulatory burden,” said Dan Berger, CEO of the National Association of Federal…
At his Senate confirmation hearing, Attorney General Jeff Sessions lied under oath that he had never had contact with the… Auto Task Force in 2009 when it was overseeing the financial rescue of Chrysler and General Motors, announced she was in on Thursday. Steven Rattner, and she may indeed have the connections to raise enough…
“Foreclosures can have a devastating effect on individuals and families, but properties slated for foreclosure, experiencing significant disinvestment and a lack of maintenance, also “present a danger to the safety and welfare of public safety officers, the public, occupants, abutters and neighborhoods and…constitute a public nuisance” ,” says the Research Bureau in its report. The…
The mortgage-finance giant is considering a series of pilot programs to address an issue that has plagued the U.S. real-estate market for years: a lack of affordable homes. Fannie's first initiative, which hasn't been finalized, would potentially make it cheaper and simpler for prospective homebuyers to get loans to construct new residences. Foreclosure News
