A total of 124,539 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is up 28% from the second quarter and up 34% from one year ago. A total of 37,679 properties had foreclosure filings in...
The Consumer Financial Protection Bureau (CFPB) and U.S. Federal Trade Commission (FTC) announced a joint action against a rental screening subsidiary of TransUnion (NYSE:TRU), charging the company with violations of the Fair Credit Reporting Act. In a press...
Longtime mortgage industry executive Stephen Thomas announced the creation of FutureWave Finance, a Chicago-headquartered national correspondent lender. “Lenders need a product-focused approach to grow their residential mortgage business as we are undergoing a...
The New York City law firm Pryor Cashman announced the hiring of Christian Hylton as a partner in the Real Estate Group and Land Use + Zoning Practice. Hylton’s practice focuses on oversight and management of matters related to land use, zoning, and economic...
Ally Financial Inc. (NYSE: ALLY) announced that CEO Jeffrey J. Brown will be stepping down early next year. Brown, who will also be leaving the Charlotte-based lender’s board of directors, has been chief executive since 2015. He will remain at Ally until Jan. 31,...
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Freedom Mortgage Corp. that alleged its mortgage loan data that was “riddled with errors” and put the Boca Raton, Florida-based company in violation of both the Home Mortgage Disclosure Act (HMDA)...
Hits and Misses for the Real Estate Week of Aug. 10-14
