Settlement

The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank, assessing a $1 billion penalty against the bank. The Bureau’s action is a coordinated action with the Office of the... Keep Reading....
Two new data reports highlight the state of foreclosure and mortgage delinquencies
Two new data reports highlight the state of foreclosure and mortgage delinquencies.   ATTOM Data Solutions’ new Midyear 2017 U.S. Foreclosure Market Report determined there were 428,400 properties with foreclosure filings in the first six months of this year, a 20 percent drop from the same time... more
Spiegel Accountancy has formed an alliance with Bedford Cost Segregation to assist its mortgage lending clients in applying research and development tax credits as a beneficial tax strategy
Spiegel Accountancy has formed an alliance with Bedford Cost Segregation to assist its mortgage lending clients in applying research and development tax credits as a beneficial tax strategy.   While the R&D tax credit has been around since 1981, it was recently made permanent and the incentives... more
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information
Fannie Mae and Freddie Mac completed 16,521 foreclosure prevention actions in April, according to new data from their regulator, the Federal Housing Finance Agency (FHFA).   During April, the government-sponsored enterprises reported 11,328 permanent loan modifications. The share of modifications... more
Nearly 5.5 million residential properties were seriously underwater during the first quarter
Nearly 5.5 million residential properties were seriously underwater during the first quarter, up from the 5.4 million level in the fourth quarter of 2016 but lower than the 6.7 million level in the first quarter of 2016, according to new statistics form ATTOM Data Solutions. Seriously underwater... more