Tag Archives: Bank Of America

East Bay Home Building Company Sales Manager Pleads Guilty to Bribing Bank …

SAN FRANCISCO, CA – May 17, 2013 – (RealEstateRama) — Jason Sterlino pleaded guilty in federal court in San Francisco today to paying bribes to a bank official in order to procure residential mortgage loans, United States Attorney Melinda Haag … Continue reading

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As Mortgages Improve, Old Ills Still Hit Big Banks

“The five mortgage services that signed the National Mortgage Settlement are legally required to take specific, rigorous, and enforceable steps to protect homeowners,” Attorney General Schneiderman said. “Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds … Continue reading

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Banks Violate National Mortgage Settlement and CA Homeowners Bill of Rights …

WASHINGTON, D.C. – April 3, 2013 – (RealEstateRama) — A new survey of housing counselors in California reveals that banks are violating several consumer protections that were mandated by the $26 billion National Mortgage Settlement (NMS) and the California Homeowners … Continue reading

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Hanley Investment Group Sells CVS/pharmacy Anchored Shopping Center in …

Multi-Tenant Shopping Center Sells for $445 psf in Orange County IRVINE, CA – March 18, 2013 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a … Continue reading

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Governor Brown to Speak at Housing Summit on Tuesday

OAKLAND – February 12, 2013 – (RealEstateRama) — Governor Edmund G. Brown Jr. will join Bank of America CEO Brian Moynihan to speak at the “Summit Meeting on the Future of Housing in California,” presented by the Fisher Center for … Continue reading

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REAL ESTATE: Mending a world of hurt – Press

Home prices are rising. Banks are working out loan modifications and short sales in bigger numbers. Foreclosure filings have taken a precipitous fall — more than 35 percent — across Inland Southern California in recent months from the level they … Continue reading

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Meet America’s New Landlords: REITs

To see that growth, look no further than Edelheit’s brand new Atlanta office space, where he now employs 150 workers full-time and hundreds more part-time. His REIT owns close to 2000 properties in Georgia, North Carolina and Florida, and they … Continue reading

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Short sales in California surpass sales of foreclosed homes

When housing prices first went off the cliff, most mortgage lenders refused to cut deals with homeowners, choosing instead to repossess homes on a grand scale. Five years and billions of dollars in losses later, many banks can’t cut those … Continue reading

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Banks Pay Big for Robo-Signing…Again

The settlement is the result of an independent foreclosure review ordered by the Office of the Comptroller of the Currency in 2011. It required banks to hire independent auditors to go back over loans from 2009 and 2010 to look … Continue reading

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Banks to Pay $8.5 Million in Robo-Signing Settlement

“We support the new approach because it expands the number of borrowers who will receive payment, speeds the delivery of those payments, and will provide support for homeowners still struggling to make payments and encourages continued community stabilization efforts and … Continue reading

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