Federal prosecutors sued Allied and two top executives Tuesday, accusing them of running a massive fraud scheme that cost the gov’t at least $834 million in insurance claims on defaulted home loans. Palm Coast, FL – November 2, 2011 – Federal prosecutors sued Allied Home Mortgage Capital Corp. and two top executives Tuesday, accusing them […]
The industry’s four largest mortgage servicers all say they will be taking part in the revamped Home Affordable Refinance Program (HARP). Palm Coast, FL – November 1, 2011 The industry’s four largest mortgage servicers all say they will be taking part in the revamped Home Affordable Refinance Program (HARP). Bank of America, Chase, Citigroup, and […]
”Principal forgiveness does not accomplish our conservator mandate,” DeMarco said on CSPAN while speaking to reporters from Reuters and the Wall Street Journal. Palm Coast, FL – October 31, 2011 – While the Obama administration may be pondering the idea of helping underwater homeowners through principal write-downs, Federal Housing Finance Agency Director Edward DeMarco said […]
Salamander Hotels & Resorts introduced themselves at a special event at the Hammock Beach Resort in Palm Coast; a bit of an upgrade from the email announcing the arrival of their predecessors. Palm Coast, FL – October 28, 2011 – Middleburg, Va.-based Salamander Hotels & Resorts introduced themselves to invited guests at a special "under […]
Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. Palm Coast, FL – October 27, 2011 – Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking […]
Sheila C. Johnson’s company partners with Reunion and Hammock Beach resorts’ owner, giving birth to the Legends of Golf Trail Palm Coast, FL – October 27, 2011 – Three of Florida’s grandest golf resorts have united under the management of Salamander Hotels & Resorts. Sheila C. Johnson, Salamander’s owner and CEO, today announced the formation […]
Commerce Department releases September numbers. New homes sales were up after four consecutive months of decline. Lower prices are credited with the change. Palm Coast, FL – October 26, 2011 – Sales of new single-family houses in September 2011 were at a seasonally adjusted annual rate of 313,000, according to estimates released jointly today by […]
For three years banks benefited from government and Federal Reserve loans at fire sale prices – after they started the fire. Palm Coast, FL – October 25, 2011 Imagine that a group of arsonists was terrorizing your town. First they’d buy insurance on a stranger’s home, then they’d show up with a blowtorch and a […]
To attract more eligible borrowers who can benefit from refinancing their home mortgage. Palm Coast, FL – October 24, 2011 – The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac (the Enterprises), today announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers […]
The highest rankings by guests from among HGI’s 524 properties worldwide for customer service, accommodations, value and other aspects. Palm Coast, FL – October 21, 2011 – The Hilton Garden Inn Palm Coast/Town Center has just been named the #1 Hilton Garden Inn (HGI) in the world. The property, on 55 Town Center Blvd., received […]