Astepahead

Follow me
By
Services for Real Estate Pros
Providing Cutting Edge Data and Information on the Evolving Real Estate Market With Occasional Commentary

ARCHIVED BLOG POSTS

2011 

2 Comments
SEC Charges Former Officer of Colonial Bank for Role in Securities Fraud Scheme The Securities and Exchange Commission has charged a former vice president at Colonial Bank who was the head of its mortgage warehouse lending division with conducting a $1.5 billion securities fraud scheme. The SEC a...
03/03/2011

2 Comments
SunTrust Banks found problems in 4,000 active foreclosure cases during an internal review of its practices, the bank said Friday in a regulatory filing.An internal review by SunTrust Banks, Inc. has uncovered problems with the paperwork in thousands of foreclosure cases, according to the Atlanta-...
03/03/2011

3 Comments
HSBC Bank USA and HSBC Finance Corp. has stopped all home foreclosures until further notice and may face unspecified regulatory actions or fines, after regulators found "certain deficiencies" in servicing and foreclosure procedure. The revelation came in HSBC's annual SEC report to shareholders. ...
03/02/2011

0 Comments
Two more rulings have defended the right of Mortgage Electronic Registration Systems (MERS) to foreclose on behalf of lenders. The Superior Court of New Hampshire in Cheshire County on February 14, 2011 affirmed the legality of MERS' role as a nominee for lenders. In his decision in John Powers a...
03/02/2011

0 Comments
  March 2, 2011 Summary of Commentary onCurrent Economic Conditionsby Federal Reserve District Summary of the 12 Districts on Real Estate and Construction:Recent activity in residential real estate varied, but overall sales and construction remained at low levels across all Districts. The Richmo...
03/02/2011
Back to Top Recent