Oregon's legislature continues to add state level regulations to the Home Equity Conversion Mortgage marketplace. In 2015, the state imposed a series of content and presentation requirements on any “advertisement, solicitation, or communication” HECM lenders used to induce potential borrowers to apply for a HECM loan.
Navios Holdings, Navios Partners, and Navios Acquisitions created Navios Europe I and II in 2013 and 201X to acquire and manage portfolios of vessels owned by HSH Nordbank. The Partnerships own a mix of 24 containerships, midsize tankers, and dry bulkers that HSH owned due to foreclosure resulting from rate and vessel value collapses in…
In 2010, Florida was in the throes of an unprecedented housing crisis. One in every eight homes was in some stage of foreclosure. Foreclosure News
The Home Affordable Refinance Program has arguably been one of the most successful programs to assist homeowners affected by the subprime mortgage crisis. The HARP website claims that over 3.4 million homeowners have been assisted by the program, with around 1 million of those homeowners having been underwater . Foreclosure News
Freddie Mac reported that the Single-Family serious delinquency rate in June was 0.82%, down from 0.87% in May. Freddie's rate is down from 0.85% in June 2017. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Foreclosure News
The 30-year fixed-rate mortgage and the 15-year fixed-rate mortgage both fell three basis points, and the 5/1 ARM dropped one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday. It was the second day in a row that mortgage rates fell across the board. Foreclosure News
The decision not to offer Tax Administrator Cindy Lowry the two-year contract extension she wanted was apparently based on the county's tax collection rate, but at least one commissioner believes her hands were tied in that pursuit. It was announced during Monday's commissioners meeting that Lowry, who has been the tax administrator since 2008 and…
