County Officials Say More Foreclosures, Property Abandonment Expected for Flint Michigan

County Officials Say More Foreclosures, Property Abandonment Expected for Flint Michigan FLINT, MI – Genesee County Land Bank officials say they are anticipating an influx of properties because of Flint’s water crisis. Lucille James of the Land Bank told the Michigan Civil Rights Commission that the agency expects the number of foreclosed properties to increase … Read more

U.S. Century Bank Settles Foreclosure Against its Ex-Director Rodney Barreto

U.S. Century Bank Settles Foreclosure Against its Ex-Director Rodney Barreto U.S. Century Bank has settled a foreclosure lawsuit that named one of its former directors and modified the associated mortgage. That ends a dispute between the Doral-based bank and Rodney Barreto, who was previously a board member for nine years. His is currently chairman of … Read more

ACLU: Wayne County and Detroit ‘Causing Human Catastrophe’ with Foreclosures

ACLU: Wayne County and Detroit ‘Causing Human Catastrophe’ with Foreclosures Trying to stop what could potentially become a new wave of homeless people in Detroit, the ACLU of Michigan and the NAACP Legal Defense Fund filed a class action lawsuit Wednesday to stop the city and county from foreclosing on thousands of homes through a … Read more

Bloomberg: The Housing Market Is Waving a Red Flag

The Housing Market Is Waving a Red Flag Third-party investors are making up an alarmingly high share of auction purchases, according to housing-data firm RealtyTrac Almost nine years after the housing-market bust helped trigger the most recent recession, RealtyTrac senior vice president Daren Blomquist sees the industry waving a red flag. The same fervent speculation … Read more

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