Foreclosure-gate has caught the national media's attention, but not only that, apparently a documentary filmmaker based in the New York area is working on a film about the foreclosure mess, starring Litton Loan Servicing of Texas. I talked to the director the other day and he seemed a little confused about the difference between 'servicing' and 'subservicing' but I think I straightened him out. Late Monday, Litton joined the growing hordes of servicers that are now reviewing just exactly how they foreclosure on the nation's tired, hungry, and (house equity) poor. Litton is a Goldman Sachs joint. (That's Spike Lee movie talk to all you cineo-phobes.) Meanwhile, late last week Fannie Mae and Freddie Mac had a conference call with their servicers, telling them they'd be on the hook for any losses on GSE loans should it turn out they botched the paperwork…
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










