Ohio: New Rules Governing Foreclosures Set to Take Effect

New Rules Governing Foreclosures Set to Take Effect Ohio Gov. John Kasich has signed a bill that will change the way foreclosures are handled in the state. Supporters of Sub. H.B. 390 say the legislation gives more power to local governments to manage vacant and abandoned properties, while providing protections to homeowners. “For the first … Read more

Prepared Remarks of CFPB Director Richard Cordray on FINRA Foundation National Financial Capability Study Release

Prepared Remarks of CFPB Director Richard Cordray on FINRA Foundation National Financial Capability Study Release It is a real pleasure for me to have the chance to spend some time with you today. I want to begin by thanking Chairman Ketchum, Gerri Walsh, and the rest of the FINRA team for their efforts in creating … Read more

HSBC Bankers Are First Individuals Charged in U.S. Currency Case

HSBC Bankers Are First Individuals Charged in U.S. Currency Case Federal agents surprised an HSBC Holdings Plc executive as he prepared to fly out of New York’s Kennedy airport around 7:30 p.m. Tuesday, arresting him for an alleged front-running scheme involving a $3.5 billion currency transaction in 2011. Mark Johnson, HSBC’s global head of foreign … Read more

Woman Fights Foreclosure After Fire Destroys Home

Woman Fights Foreclosure After Fire Destroys Home ROBERTSON COUNTY, Tenn. (WKRN) – A Robertson County woman is fighting to keep her former home, which burned down, from being foreclosed on after she paid her mortgage off in April. Tracye Bryant’s Cedar Hill home caught fire December 18, 2015. The home was a complete loss. Her insurance … Read more

FannieGate In Court Of Appeals: Analysis Of Upcoming Court Decision

FannieGate In Court Of Appeals: Analysis Of Upcoming Court Decision Summary The purpose of this article is to provide an in-depth analysis of the upcoming decision in the Perry Capital et al. lawsuit before the Court of Appeals (D.C. Circuit). It will analyze multiple aspects of the oral arguments and complaints to provide an opinion … Read more

Experts Warn Of Housing Bubble Signs In New York, San Francisco And Miami

Experts Warn Of Housing Bubble Signs In New York, San Francisco And Miami  The U.S. housing market has been on a tear in recent years, with home prices surging more than 50% on average since their trough in early 2012. But experts are now seeing disturbing signs that a bubble appears to be forming in … Read more

US Regulator is Already Worrying About the Next Property Bubble

US Regulator is Already Worrying About the Next Property Bubble A US regulator warned that banks risk inflating a commercial real estate (CRE) bubble. Thomas Curry, US comptroller of the currency, said banks were easing checks on borrowers and boosting loans to investors in the sector. This creates more debt of a poor quality, at … Read more

Trashed Out: Banks Still Unlawfully Breaking into Homes

“The police said they were told that the mortgage company more or less made a mistake. The mortgage company had contracted with the company that broke into my home to see if the home was vacant. But the home was not vacant, nor had the bank ever started any foreclosure proceedings.” ~ Bamboozled: Bank unlawfully … Read more