Report: Foreclosure Inventory Hits Record Level in June

NAMB elevates current president donald Frommeyer to CEO NAMB’s board named Donald Frommeyer, president of Amtrust Mortgage Funding, Carmel, Ind., to replace him. Don Frommeyer – – NAMB elevates current president Donald Frommeyer to CEO.. In the new role, Frommeyer has been tasked with building the public namb brand and image of the association. The NAMB board said that.

The Institute for Supply Management’s june manufacturing report came in at 49.7%. Problem is, the housing market has a lot of shadow inventory – underwater mortgages or homeowners that have avoided.

Lawmakers move to expand mortgage protection for military 2015 marks worst year for investor agility The next year, BlueCrest sued in Bermuda to get its money back from the firm. In 2015, Whitney closed up shop and paid back all her investors, including BlueCrest. In December 2015, Platt announced that BlueCrest would return $7 billion for outside investors, take no outside money in the future, and become a private partnership.Mortgage protection for military homeowners. SCRA is designed to enable servicemembers to devote their full attention to duty and relieve stress on their family members. The proposed law would require that large lending institutions subject to the SCRA make a designated employee responsible for the institution’s compliance with the act,

That was 9% more than the previous six months and 15% more than the same period of 2008, according to a report released. up 33% over last June and nearly 5% compared with May. "Foreclosure activity.

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A year earlier, the foreclosure-inventory rate was 1.7%. down 19% from a year earlier and 65% from a peak, which was hit in 2010. More jobs aren’t the only factor behind families avoiding.

Hurdles remain for disparate impact claims in housing despite SCOTUS ruling Actor Tom Cruise lists UK estate for $7.4 million In what would be the fifth property either listed for sale or sold in the last three years, an English country mansion rumored to be owned by Cruise just listed for $7.4 million, according to Variety.The HUD and Supreme Court standards diverge from each other, in that the Court’s opinion suggests a higher standard than that of HUD, which properly limits disparate impact claims to egregious, arbitrary and negative situations.Are servicers finally off the CFPB’s hit list? 2017 HW Tech100 Winner: CalyxSoftware Cordray: Bureau ‘still finding runarounds’. The CFPB will continue to stand beside consumers to make sure mortgage servicers are following the law," Cordray added. Under the Dodd-Frank Act, the CFPB has authority to supervise banks and credit unions with more than $10 billion in assets and certain nonbanks.

 · Habla Espanol? No? How about someone in your office? Being bi-lingual is a good thing. Many hispanics speak english, the official language of the United States, but I bring this up because Hispanic demand for housing is “en fuego” and is experiencing the largest homeownership gains of any minority group. Conversely, the wall street journal reports that the U.S. Census Bureau states that.

 · A report from Westword in Colorado. “The real estate scene in Denver hasn’t fully transitioned into a buyer’s market. But it’s shifting in that direction, as indicated by how many more concessions metro-area sellers are willing to grant now as compared to the recent past.

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Oil prices closed at a record. the weekly oil inventory report. The Federal Reserve voted to cut the fed funds rate by a half-percentage point to 4.75 percent. It was the first time the central.