Tag Archives: Jpmorgan Chase

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

Posted on April 3, 2013 by sheri

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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Housing Recovery ‘Fundamentally Strong’: Lennar CEO

Posted on March 16, 2013 by sheri

Miller also said he is not concerned by the huge number of investor-owned single-family rental homes. He believes that renters may end up as buyers of these homes, but others are not so sure. (Read More: Housing Recovery Leaves Some … Continue reading →

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Jumbo Mortgage Divide Starts Shrinking

Posted on March 13, 2013 by sheri

“The jumbo market has heated up, as tight lending guidelines have drastically reduced consumer late payments, strategic defaults, and foreclosures,” wrote Julian Hebron, a mortgage banker in California and author of the blog The Basis Point. “This gives investors confidence … Continue reading →

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Real Estate Log: Fresno State students to craft plans

Posted on January 25, 2013 by sheri

By participating in the project, the agency gets an analysis of what a renovation could cost or look like while the students get “real world” experience in development, organizers said. The teams will submit a written report and give an … Continue reading →

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Banks Pay Big for Robo-Signing…Again

Posted on January 8, 2013 by sheri

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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California homeowners getting relief from bank settlement

Posted on November 20, 2012 by sheri

Easing some of California’s housing headaches, nearly 62,000 homeowners statewide got roughly $8.2 billion in mortgage relief between March and September this year, according to a report released Monday by the California Monitor for the National Mortgage Settlement. “The banks … Continue reading →

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Time to make a move on short sale

Posted on August 12, 2012 by sheri

Coming soon to a neighborhood near you: A late-summer wave of short sales, as homeowners, mortgage bankers and potential buyers all race to settlement on bargain-priced homes that are worth less than the mortgages written on them. “We’re seeing a … Continue reading →

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California’s Homeowner Bill of Rights: What We Can Learn

Posted on July 19, 2012 by sheri

By Barry Paperno Last week, the California legislature passed the Homeowner Bill of Rights, a series of bills enacted to protect California homeowners during the mortgage modification and foreclosure process. This landmark law builds upon and extends reforms negotiated in … Continue reading →

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REGION: Officials warn against fraud in face of massive mortgage settlement

Posted on June 1, 2012 by sheri

Following a blockbuster mortgage settlement with five major banks earlier this year, prosecutors and real estate professionals met up in San Diego on Thursday to warn against fraud artists who might exploit the accord in order to scam distressed homeowners. … Continue reading →

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Calif. AG to review findings on SF foreclosures

Posted on February 18, 2012 by sheri

(02-16) 18:34 PST San Francisco, CA (AP) – California Attorney General Kamala Harris said Thursday that her office was reviewing a new report that found most residential mortgages in foreclosure in San Francisco are missing documents or signatures or otherwise … Continue reading →

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