With foreclosures still at record levels, it should be no surprise that the voice of housing advocates continues to grow louder. May has been a particularly active month, with several grassroots organizations across the country staging "live-ins" by moving families into foreclosed or vacant properties. It's all part of the "Month of Action," a campaign launched by the Take Back the Land Movement, a national network of housing advocacy organizations, and the Poor People's Economic Human Rights Campaign, to elevate the plight of distressed homeowners. Actions this month have been planned in at least 20 cities, according to the Poor People's Economic Human Rights Campaign, including Detroit, Chicago, Philadelphia and New York. At least one "live-in," in Madison, Wis., has been met with some resistance from local law enforcement agencies. After Take Back the Land-Madison and Operation Welcome Home, two local organizations, helped move Desiree Wilson, a mother of two, into a vacant property, police threatened to charge her with trespassing and she moved out after a couple weeks. "We knew that there would be some sort of resistance," said Monica Adams, one of the organizers.
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Certainty Home Lending named two new executives, while Equity Prime Mortgage welcomed back a familiar face as chief risk officer.
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Cyberattacks involving artificial intelligence were up 56% in the past year and added on average $1 million to businesses' data breach expenses.
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The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.
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Four new mortgage acquisitions show how companies in home finance are prioritizing advanced technology in what has turned into the year of consolidation.
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On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.
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About 73% of potential buyers intend to purchase within the next year, up slightly compared to the first quarter, according to a Veterans United survey.
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