Each of those mortgage servicers is registered to do business in their respective states as non-bank lenders. Therefore these companies do not fall under the jurisdiction of either the OCC, Fed, or OT Palm Coast, FL – April 17, 2011 Not every mortgage servicer was required to sign consent orders with the Office of the […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – April 15, 2011 – Every week the Research staff analyzes key data releases and explain what they mean for you and your business. In this update, we give […]
Properties purchased through Orange County Clerk of Courts foreclosure sales at one price are appearing in the county Property Appraiser’s Office records at a higher price. Palm Coast, FL – April 15, 2011 Properties purchased through Orange County Clerk of Courts foreclosure sales at one price are appearing in the county Property Appraiser’s Office records […]
Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs? Palm Coast, FL – April 14, 2011 America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet […]
None of the other possible outcomes is certain, but a YES vote is certainly a mistake. Palm Coast, FL – April 14, 2011 – Linger Longer Development Corp., (Reynolds Plantation) has gotten its financial panties in a wad. Like nearly all developers of luxury golf course communities over the past 15 years, LLDC is stuck […]
The bill would impose a deadline of 45 days on lenders to respond to short sale requests. Palm Coast, FL – April 13, 2011 – The Prompt Decision for Qualification for Short Sale Act of 2011 was introduced yesterday in the U.S. House of Representatives by Tom Rooney (R-FL) and Robert Andrews (D-NJ). If passed, […]
The settlement between the servicers and banking regulators imposes more substantial penalties than early reports of the deal indicated. Palm Coast, FL – April 13, 2011 The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, according to consent […]
CVS opens, Panera Bread moves forward, and SunTrust plans a new branch location in Town Center. Palm Coast, FL – April 12, 2011 – CVS Pharmacy has opened its new store at the corner of Palm Coast Pkwy and Old Kings Road. Panera Bread is working with City of Palm Coast planners on a site […]
The Court issued a high-profile case order on Monday. Was there fraud on the court? The Florida Supreme Court will decide. Palm Coast, FL – April 12, 2011 – On Monday, Florida’s Supreme Court issued a high-profile case order in Pino v Bank of New York Mellon case. In the Pino case, the lender had […]
Toby Tobin named to Flagler Advisory Board. The bank will receive feedback and support from Advisory Board members, each of whom live and work in their respective communities. Palm Coast, FL – April 11, 2011 – Putnam State Bank announces the formation of Advisory Boards in each of its operating communities; Putnam, Flagler, and St. […]