Amagon Real Estate News
Real Estate news for Amagon, AR continually updated from thousands of sources.
Friday Feb 6 | via Log Cabin Democrat
A bill being drafted by the Arkansas Circuit Clerks Association that would require counties to record and report all mortgage assignments and mortgage releases is getting some backlash. Jonathan Greer, general counsel for the Association of Arkansas Counties has been working with the Arkansas Circuit Clerks Association to draft House Bill 1053 and get it filed. Comment?
Monday Feb 2 | via ArkansasBusiness.com
Clarissa McWherter, Chris Murphy and Russell Harris have joined Entergy Arkansas in Little Rock as members of the economic development team. Comment?
Wednesday Feb 4 | via Indiana Law Blog
Yesterday Attorney General Zoeller announced that Indiana is part of a multistate, $1.3 billion S&P settlement, via a news release that begins: Indiana, the U.S. Department of Justice, 18 other states and the District of Columbia reached a settlement agreement with Standard & Poor's Financial Services LLC resolving allegations that S&P misled investors when it rated structured finance securities in the lead-up to the 2008 financial crisis. The settlement requires S&P to pay $1.375 billion, which will be split among the states and the Department of Justice. Comment?
Tuesday Feb 3 | via NWAonline
Standard & Poor's is paying about $1.38 billion to settle government allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis, the Justice Department announced Tuesday. The settlement with the U.S. government, 19 states and the District of Columbia covers ratings issued from 2004 through 2007. Comment?
Tuesday Feb 3 | via The City Wire
Homeowners who purchased property near downtown Bentonville at the market peak have likely seen strong equity gains since 2006, but that is not the case for other areas across the region. In fact, 11% of the mortgages in Benton County remain underwater - the combined mortgage securing the property is at least 25% higher than the estimated market value - at the end of 2014, despite the 10.5% gain in median home prices since 2012, according to Irvine, Calif.-based RealtyTrac.com. Comment?
5 min ago | via Benzinga
Aurelio Aleman, President and Chief Executive Officer of FirstBank, subsidiary of First BanCorp, announced today the bank's participation in the acquisition of Doral Bank in alliance with Banco Popular de Puerto Rico, in which FirstBank acquired 10 branches. This transaction includes 10 branches, approximately $600 million in deposits and a mortgage loan portfolio of $300 million, solidifying FirstBank's position as the second largest bank in Puerto Rico. Comment?
9 min ago | via National Mortgage News
An audit of Ginnie Mae's fiscal 2014 financial statements identified what examiners described as four "material weaknesses" and one "significant deficiency," primarily related to the accounting of $6.6 billion in defaulted loans made by the failed lender Taylor, Bean & Whitaker. The weaknesses in Ginnie Mae's internal controls severely limited the scope of the audit on the nonpooled defaulted loan assets, along with an additional $734 million in nonrecoverable servicing and foreclosure costs, the auditors said. Comment?
17 min ago | via Salt Lake Tribune
San Juan a Puerto Rico regulators shut down Doral Bank on Friday, with Banco Popular taking over most of the operations of what once the U.S. territory's fourth largest bank. "It is the largest bank failure in five years," said David Barr, a spokesman for the Federal Deposit Insurance Corp. The FDIC, which is overseeing the shutdown and shift of operations, said Banco Popular will take over eight of Doral's 26 former branches and work with three other banks to operate the other 18 locations on the island. Comment?
17 min ago | via The Globe and Mail
The Toronto Real Estate Board sent a letter to all members this month warning that those who violate strict rules on sharing sales data could lose access to the Multiple Listings Service. The Toronto Real Estate Board sent a letter to all members this month warning that those who violate strict rules on sharing sales data could lose access to the Multiple Listings Service. Comment?
17 min ago | via Scotsman.com
Congratulations, you're now registered! Let us know what news and updates you want to hear about and we'll send them straight to your inbox. THE word "milestone", like the omnipresent "iconic", is gratingly overused. Comment?
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