Settlement | Page 3 | National Mortgage Professional Magazine
The Federal Deposit Insurance Corporation (FDIC) has reached a settlement with HomeStreet Bank of Seattle for violations of the Real Estate Settlement Procedures Act

PwC Ordered to Pay $625.3M for Colonial Bank Failure

PricewaterhouseCoopers LLP (PwC) has been ordered by a federal court to pay the Federal Deposit...Read more
For the first time since the Great Recession, the share of homeowners who owe more than the value of their homes is below 10 percent

Share of Negative Equity Homeowners Falls Below 10 Percent

For the first time since the Great Recession, the share of homeowners who owe more than the value...Read more
The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.63 percent at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA)

MBA: Foreclosure Inventory Rate at 12-Year Low

The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally...Read more
One of Hollywood’s most influential filmmakers has been hit with a foreclosure lawsuit related to his townhouse in New York City’s Upper East Side

Martin Scorsese Faces Foreclosure Lawsuit

One of Hollywood’s most influential filmmakers has been hit with a foreclosure lawsuit related to...Read more
More than 5.2 million residential properties were seriously underwater during the first quarter of this year

9.5 Percent of Mortgaged Residences Are Seriously Underwater

More than 5.2 million residential properties were seriously underwater during the first quarter of...Read more
CIS Credit Solutions (CIS), a credit reporting agency serving the mortgage industry, has acquired the Mortgage Solutions Business of Alliance 2020 Inc.

Bureau of Consumer Financial Protection Hits Wells Fargo With $1 Billion Fine

The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer...Read more
A total of 189,870 residential properties carried a foreclosure filing during the first quarter of this year, up four percent from the previous quarter, but 19 percent below the same period one year earlier

Foreclosure Activity Remains at Pre-Recession Levels

A total of 189,870 residential properties carried a foreclosure filing during the first quarter of...Read more
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007

Travelers Indemnity Settles Housing Discrimination Lawsuit

The National Fair Housing Alliance (NFHA) has settled a lawsuit with Travelers Indemnity Co. that...Read more
Buyers' monthly housing costs are growing rapidly as mortgage rates have risen significantly since the beginning of the year

Early-Stage Mortgage Delinquencies Drop

Residential property delinquencies showed signs of despite the lingering impact of Hurricanes...Read more
A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017

Foreclosure Starts, Completions at 17-Year Lows

A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017,...Read more

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