Additional companies and organizations with connections to the mortgage and real estate industrieshave announced donations to the relief effort for victims of the Sept. 11 catastrophes. California FederalBank, the San Francisco-based thrift, says it will contribute $100,000 to the September 11th Fund established bythe United Way and The New York Community Trust to aid the victims and their families. The California Associationof Realtors has approved an initial donation of $25,000 to the Realtors Housing Relief Fund established by theNational Association of Realtors to help victims' families meet their housing costs. General Growth Properties,a Chicago-based mall owner and developer, says it will use its 145 malls to host "We Care, America" collectionsites for the American Red Cross effort to aid the victims. Macerich Co., a Santa Monica, Calif.-based owner andoperator of regional malls, also announced that its malls are supporting relief efforts by the Red Cross and theSalvation Army and distributing hand-held flags and flag etiquette guides. The addresses of the company and organizationwebsites are http://www.calfed.com, http://www.car.org, http://relief.realtor.org, http://www.generalgrowth.com, and http://www.macerich.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25