Golden Globe and Grammy Award winner and Oscar nominee Queen Latifah joined multi-platinum recording artist and actor Wyclef Jean and New York and New Jersey radio personality and actress Angie Martinez to help raise awareness about foreclosure and homeownership issues through a bus tour sponsored by the Hope Now Alliance that started Tuesday in Newark, N.J. The campaign will continue in Atlanta, Miami and Cleveland and Hope Now executive director, Faith Schwartz stressed that such efforts are important in foreclosure risk mitigation because half of foreclosures happen to people who never ask for help and may not know to. The bus tour is combined with a roundtable discussion with industry insiders who will discuss how the crisis is affecting the area. It offers information about refinancing and loan modification options and how homeowners can contact HUD approved counselors in their area for advice. Information about online resource also is provided.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2 -
The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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