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Gustav G. Gus Remppies has been appointed as the new president of Santa Ana, California-based Grubb & Ellis Apartment REIT, Inc. He assumes the position from Stanley J. “Jay” Olander, who has served as president …
Mortgage industry lawsuits are beginning to stack up – Federal Home Loan Banks are suing lenders, lenders are suing insurers – all in an attempt to recoup losses from a crippling national housing crisis. In …
Home prices in extremely overvalued U.S. metropolitan areas declined nearly 37 percent on average between 2005 and the fourth quarter 2009, according to IHS Global Insight.
At the peak of the bubble, nearly half of …
Michaelson, Connor, & Boul, Inc. of Huntington Beach, California was recently hired by HUD to ensure that FHA-approved lenders and servicers convey foreclosed properties to the agency in acceptable condition.
This article originally appeared in DSNews.com. …
Nationwide, one in every 200 residential loans funded last year, totaling $14 billion, involved fraud, according to First American CoreLogic. Despite what looks like an unsettling amount of shadiness lurking within the mortgage market, the …
The Federal Home Loan Bank of San Francisco has filed suit against nine securities dealers – including some of the nation’s biggest lenders – alleging they made untrue statements related to the federal bank’s investments …
Brookfield, Wisconsin-based Fiserv, Inc., a global provider of financial services technology solutions, recently announced enhanced investor capabilities for its Loan Servicing Platform. The new technology allows users to have real-time access to the cash position …
Embrace Home Loans has officially opened a new branch in Fairfax, Virginia. The office is managed by local mortgage professional, Gil Lunsford, who has 26 years of industry experience and leads a team of mortgage …
The first Retaining Occupancy on Foreclosure (ROOF) Agreement was recently signed in the city of Detroit. Created to help combat the blight problems in Detroit by cutting down on the number of homes left vacant …
In two separate reports released this week, Fannie Mae took a look at the past and made predictions for the future. On Thursday, the government-sponsored enterprise (GSE) released “Helping Housing Recover: A Report on Fannie …
