-
Recent Posts
- Mercy Housing California to develop new housing model for seniors, homeless
- Distressed sales continue downward trend; underwater homes gaining equity …
- Redfin Ranks the Fastest-Moving Real Estate Markets in the Country …
- Why Fannie Mae Shot Up 400% in Three Months
- Homes Selling at Fastest Pace Since Boom
Norwalk Real Estate Blogger Pages
Recent Comments
Archives
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
Categories
Tag Archives: Department Of Justice
Housing Crisis: New Rules Hit Mortgage Servicers
The nation’s five largest banks service about half of all mortgages, but recently they have been selling those servicing rights to so-called “specialty servicers,” like Ocwen and Nationstar, whose stocks have been soaring. These companies specialize in delinquent mortgages. The … Continue reading
Posted in Uncategorized
Tagged Borrowers, Cfpb, Common Sense, condos, Crediting, Delinquencies, Delinquent Mortgages, Department Of Justice, Director Richard, Enforcement Regime, Exponentially, Federal Regulator, Foreclosure, homes, Mandates, Monthly Statements, Mortgage, Mortgage Servicers, Nationstar, news, Ocwen, Poor Job, Real Estate, real estate business, Real Estate News, Richard Cordray, State Attorneys, townhomes
Leave a comment
Bank of America Offers Principal Reductions to 200,000 Homeowners
A select group of struggling mortgage borrowers are about to get an offer that sounds too good to be true. Executives at Bank of America say they will begin mailing 200,000 letters offering certain customers mortgage principal reduction. “If people … Continue reading
Posted in Uncategorized
Tagged Bac, Bank Of America, condos, Department Of Justice, Document Processing, Eligible Borrowers, Foreclosure, homes, Investor, Mortgage, Mortgage Assistance, Mortgage Borrowers, Mortgage Payment, Mortgage Reduction, Mortgage Servicers, Mortgages, Negotiation, news, People, Pilot Program, Principal Reduction, Real Estate, real estate business, Real Estate News, Select Group, State Attorneys, townhomes, U S Department
Leave a comment
REAL ESTATE: Attorney General warns of mortgage settlement scams – Press
California Attorney General Kamala D. Harris today warned the state’s homeowners to not be duped by phone solicitations from scam artists who offer to get them assistance from the recent $25 billion national mortgage settlement between government housing agencies and … Continue reading
Posted in Uncategorized
Tagged california, California Attorney General, California Department Of Justice, California Real Estate, condos, Consumer Protection, D Harris, Department Of Justice, Financial Information, Financial Institution, Government Housing, homes, Kamala, Mortgage California, Mortgage Relief, National Consumer Protection Week, news, Phone Solicitations, Real Estate, real estate business, Real Estate News, Scam Artists, Scams, Settlement Agreement, Social Security, Social Security Number, Solicitor, Third Parties, townhomes
Leave a comment
Three Bay Area real estate investors to plead guilty in foreclosure auction fraud
OAKLAND — Three Northern California real estate investors have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Contra Costa County. Charges were filed Wednesday in … Continue reading
Posted in Uncategorized
Tagged Auction Fraud, california, California Real Estate, condos, Conspiracies, Conspirators, Contra Costa County, Courthouse Steps, Department Of Justice, Dominic, Foreclosure Auction, Foreclosure Auctions, homes, Mail Fraud, Mortgage Holders, news, Northern California Real Estate, Payoffs, Private Auctions, Public Auctions, Real Estate, real estate business, Real Estate Foreclosure, Real Estate Investors, Real Estate News, San Ramon, townhomes, U S Department
Leave a comment
Three to plead guilty in foreclosure auction fraud
OAKLAND — Three Northern California real estate investors have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Contra Costa County. Charges were filed Wednesday in … Continue reading
Posted in Uncategorized
Tagged Auction Fraud, california, California Real Estate, condos, Conspiracies, Conspirators, Contra Costa County, Courthouse Steps, Department Of Justice, Dominic, Foreclosure Auction, Foreclosure Auctions, homes, Mail Fraud, Mortgage Holders, news, Northern California Real Estate, Payoffs, Private Auctions, Public Auctions, Real Estate, real estate business, Real Estate Foreclosure, Real Estate Investors, Real Estate News, San Ramon, townhomes, U S Department
Leave a comment
Troubled homeowners, beware of ‘mass joinder’ lawsuit invitations
What financially strapped homeowner wouldn’t want to join other troubled owners in a last-ditch effort to save their homes from foreclosure? But beware of unsolicited mailings inviting your participation in a “mass joinder” lawsuit as a way to do so. … Continue reading
Posted in Uncategorized
Tagged Better Business Bureau, Borrowers, california, California Department Of Justice, California Real Estate, Class Action Lawsuit, Class Action Suit, Class Shares, condos, Deceptive Marketing, Department Of Justice, Grievances, homes, Judgments, Last Ditch Effort, Law Firms, Mail, Million Pieces, news, Plaintiffs, Real Estate, real estate business, Real Estate News, Ruse, Scams, Thousands Of Dollars, townhomes, Unsolicited Mailings, Upfront Fees
Leave a comment
DOJ: Calif Man Given 30 Years In Prison For ‘Massive’ Ponzi Scheme
The U.S. Department of Justice said Thanh-Viet Cao was sentenced to 30 years in prison and $12.4 million in restitution for conspiracy and fraud convictions linked to what the department called a “massive” Ponzi scheme. Cao, who also went by … Continue reading
Real estate competition and antitrust actions
Editor’s note: This is the second part in a multipart series highlighting the history and current state of low-fee real estate brokerage models. If discount and limited-service real estate brokerages have yet to take off as spectacularly as their most … Continue reading
Posted in Uncategorized
Tagged Antitrust Actions, Business Model, california, California Real Estate, Competition Regulators, condos, Current State, Department Of Justice, Federal Trade Commission, homes, Limited Service, Missouri Oklahoma, Multipart Series, Multiple Listing Service, Multiple Listing Services, news, Prospective Buyers, Real Estate, Real Estate Brokerages, real estate business, Real Estate Commissions, Real Estate News, Realtor Associations, Redfin, Service Brokers, townhomes, Traditional Brokers, U S Department, Ziprealty
Leave a comment