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Foreclosure filings see slight uptick in May Down significantly from last year

Foreclosure filings see slight uptick in May Down significantly from last year

The number of foreclosure filings increased slightly in May, but they are still down significantly from the year before, according to ATTOM Data Solutions.Foreclosure filings in May increased to a total of 81,495 filings. This is up 5% from Aprilbut down 19% from last year, marking a 20-month consecutive decline.Across the nation, one in every 1,636 housing units had a foreclosure filing in May 2017.Here are the states with the highest foreclosure rates in May: New Jersey – ...
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Best Private Money Seminar in California!

Best Private Money Seminar in California!

The California Mortgage Association Summer Seminar will be held July 13 and 14, 2017 at the Hilton San Diego Resort & Spa, located at 1775 E. Mission Bay Drive, San Diego, CA 92109. Read more
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"Bidding Frenzy" Drives Prices Higher

BY: JANN SWANSON- June 6, 2017Home price increases moderated slightly in April, at least as measured by the CoreLogic Home Price Index (HPI).  The company announced an increase of 6.9 percent compared prices in April 2016, falling off a bit from the year-over-year appreciation rate of 7.1 percent in March.    Over the first four months of the year CoreLogic's HPI has averaged annual increases of 6.98 percent.  
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CFPB's Cordray threatened with contempt charges by House panel

CFPB's Cordray threatened with contempt charges by House panel

Kate Berry and Ian McKendry-June 06 2017, 5:50pm EDTThe House Financial Services Committee is threatening to file contempt charges against Consumer Financial Protection Bureau Director Richard Cordray for allegedly lying about the bureau's investigation into the Wells Fargo scandal.In a 15-page report released Tuesday by Republican staff, the committee claimed that the CFPB has not produced records showing that it conducted a full investigation of Wells’ branch sales pra...
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Speaker of the House: 5 reasons to support the Financial CHOICE Act Act set to go before full House for debate Wednesday

Speaker of the House: 5 reasons to support the Financial CHOICE Act Act set to go before full House for debate Wednesday

With the Financial CHOICE Act set to go for a vote before the full House of Representatives later this week, Speaker of the House of Representatives, Paul Ryan, R-Wis., chimed in on the discussion to explain why the act is so important.The act, spearheaded by Financial Services Committee Chairman Jeb Hensarling, R-Texas, is the leading act to replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.So far, the act has only garnered partisan support, failing to gain a singl...
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Looking at a Potential Flip Opportunity

Looking at a Potential Flip Opportunity

Many “fix and flip” real estate investors spend a lot of time analyzing the numbers for each potential deal, but fail to keep tabs on something just as important: the big picture. What’s happening in the local real estate market overall? What are the area-wide trends, and how might they impact your properties’ profitability?
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Court of Appeals hands Wells Fargo victory over Los Angeles in fair housing lawsuit Appeals upholds lower court’s dismissal of discriminatory lending suit

Court of Appeals hands Wells Fargo victory over Los Angeles in fair housing lawsuit Appeals upholds lower court’s dismissal of discriminatory lending suit

Wells Fargo may be facing a lawsuit from the city of Philadelphia over alleged discriminatory lending practices against minority borrowers, but a federal Court of Appeals just handed the bank a victory in a similar lawsuit brought by the city of Los Angeles back in 2013.Four years ago, the city of Los Angeles sued Wells Fargo, Citigroup and Bank of America for discriminatory lending, saying that the banks violated the Fair Housing Act and were to blam...
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