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Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes, much to the dismay of investors who hold the mortgages.
July 6
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Nationstar says it is increasing by $125 million its bid on mortgage-related assets that it hopes to buy from the bankrupt Residential Capital Corp.
July 6 -
The number of fraudsters who charge fees for securitization audits, which is easily accessible and free to all, is increasing.
July 6 -
Federal banking regulators repeatedly fell short in their efforts to alert foreclosed homeowners that they may be eligible for monetary relief.
July 6 -
The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.
July 5
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It's not easy being a residential property appraiser these days.
July 5InHouse -
The Consumer Financial Protection Bureau should outline what constitutes potentially "abusive" acts or practices.
July 5 -
The Federal Circuit Court of Appeals has affirmed a lower court decision holding that the patent infringement asserted against MarketLinx, a business unit of CoreLogic, was invalid.
July 5 -
The average rate for a 30-year fixed-rate mortgage during the week ending July 5 dropped by four basis points to yet another record low of 3.62%.
July 5 -
About half of the 31 failed-bank resolutions in 2012—as of June 30—involved an acquirer purchasing a whole bank without any loss-sharing from the FDIC.
July 5
