”The settlement agreement not only legislates new standards and practices for the servicing industry, it also resuscitates programs and policies that have not worked or Congress rejected. Palm Coast, FL – March 10, 2011 Republican lawmakers on Wednesday accused the Obama administration of trying to make an end run around Congress as it negotiates a […]
They claim HUD rule changes for how and when the loans are to be paid off violates existing contracts between the borrowers and lenders. Palm Coast, FL – March 9, 2011 – Surviving spouses of three reverse mortgage borrowers filed a lawsuit Tuesday against the Department of Housing and Urban Development challenging the validity of […]
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 – March 7, 2011 – The National Association of Realtors® Research staff now gives you a weekly analysis of the economic data released during the past week, and how […]
Attorney Dana Ballinger’s latest lawsuit against various Ginn entities rips Bobby Ginn’s video explaining the Ginn sur Mer/Credit Suisse loan default. Palm Coast, FL – March 7, 2011 – Dana Ballinger rivals Bankruptcy Trustee Drew Dillworth’s tenacity in her ongoing quest to seek justice for alleged wrongs committed by several Bobby Ginn entities. Dillworth is […]
Florida ranks 5th among the best states ranked by the combined federal, state, and local tax burden. Palm Coast, FL – March 3, 2011 – A study by the Tax Foundation, a non-partisan, non-political think tank looks at the combined federal, state, and local tax burden by state. Florida ranks fifth among the best states, behind […]
Nearly 2.9 million loans and almost 1.4 million borrowers are eligible for HAMP, yet more trial modifications and permanent modifications have been canceled than converted. Palm Coast, FL – March 3, 2011 Less than 20% of the estimated delinquent mortgages eligible for modification under the Obama administration’s Making Home Affordable Program have moved to the […]
After nearly three years, Palm Coast still can’t get it right. Legal precedent, fairness, logic, and truth were cast aside. What happens next? Palm Coast, FL – March 3, 2011 – After nearly three years trying to come up with a fix for their admittedly defective stormwater ordinance, Palm Coast City Council finally approved a […]
Every housing market is unique. These Local Market Reports provide insights into the fundamentals and direction of the nation’s largest metropolitan housing markets. Palm Coast, FL – March 2, 2011 – Every housing market is unique. These Local Market Reports (LMRs) — which reflect data available through 4th Quarter 2010 — provide insights into the fundamentals […]
Former real estate agent Craig Adams and a group of associates allegedly defrauded banks of $47 million by flipping properties for overstated prices, fooling lenders into writing inflated mortgages. Palm Coast FL – March 1, 2011 Fourteen people are now facing federal charges in what law enforcement officials described Friday as the largest mortgage fraud […]
Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical low last June, according to the National Association of Realtors®. Palm Coast, Fl – February 28 – Pending home sales eased moderately in January for the second straight month, but remain 20.6 percent above the cyclical […]