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 .
The current struggles of the oil-based economy of the Houma-Thibodaux, La., area has led to an increase in foreclosures, a new report says. Attom Data Solutions, curator of the nation's largest fused property database, released its 1Q and March 2017 U.S. Foreclosure Market Report earlier this month. Foreclosure News
Non-bank lender Thinktank is targeting the self-managed super sector with two new trusts that give them an exposure to small-scale commercial assets that generally have performed better in distressed times than larger-scale properties. Thinktank's move reflects the resurgent interest in mortgage-backed funds, which dwindled after hitting problems during the global financial crisis. Foreclosure News
R. Christopher Meyer, Bridgeport City Attorney, insisted the City Council lacks the authority to tell his office to issue subpoenas. R. Christopher Meyer, Bridgeport City Attorney, insisted the City Council lacks the authority to tell his office to issue subpoenas. Foreclosure News
Michael Gorman is a reporter in Nova Scotia who covers Province House, rural communities, and everything in between. Contact him with story ideas at [email protected] Defaulted student loans and uncollectable legal fines top the list of $ 15.2 million worth of items the provincial government is writing off for the 2016-17 fiscal year. Foreclosure News
As David Bernacchi tended to a new litter of abandoned kittens at Pets4Luv inside the Source Mall this week, his pet rescue nonprofit faces as uncertain a future as those tiny felines. Bernacchi's center is one of several tenants thrown into limbo by the impending sale of the struggling Westbury mall to a Chinese company,…
A foreclosure by a lender of a landlord's property terminates all subordinate leases on the property. In the absence of an SNDA , then whether a lease is subordinate is determined by the timing of the mortgage or similar instrument and the date of lease and the language of the lease itself. Foreclosure News
