” Philadelphia is suing Wells Fargo & Co., claiming the bank overcharged more than 1,000 minority homeowners on mortgage loans since 2004. Philly.com reports that the federal lawsuit cites six confidential informants who used to work for the bank.
ABA Journal Daily News
New York-based Gamma Real Estate and Bamcap Partners of Farmers Branch say that the 175-acre development on the Dallas North Tollway has defaulted on its loans. The lenders postponed the foreclosure in May and last week but have set a new forced sale date in early May, according to Addison-based foreclosure listing service which tracks…
Foreclosure activity continues to subside and most of the regulatory reforms created to protect distressed borrowers have been implemented. Yet mortgage servicers still haven't fully resolved the operational challenges facing their business. Foreclosure News
A report says that ten years after the financial crisis a two-tiered housing market still exists in Cleveland, one of the hardest hit cities. The report from the Western Reserve Land Conservancy says even as regional house prices return to their pre-collapse highs before 2008, longtime homeowners and residents in poor, largely minority communities are…
There's a handful of zombies out there threatening to wreck your neighborhood or at least create a frightful landscaping nightmare next door. In the Greensboro-High Point metro area this Halloween fewer unoccupied, unfortunate homes are haunting the streets than in 2016 as the pace of home sales picks up and more people are conquering their…
Having a poor credit score doesn't necessarily mean that owning a home is beyond your reach. There are several types of mortgages that can work for borrowers with poor credit, and there are organizations that can help homebuyers get assistance with their down payment or find lenders willing to work with them. Foreclosure News
