Silver Spring Real Estate News
Real Estate news for Silver Spring, MD continually updated from thousands of sources.
Tuesday Jan 13 | via CRM Buyer
Instead of shopping around, many consumers just rely upon information provided by lenders or mortgage brokers -- "the exact people who have a vested interest in limiting the amount of information available to consumers," noted David Cadden, professor emeritus at Quinnipiac University. "This new tool will provide consumers with a competitive advantage." Comment?
Monday Jan 5 | via CRM Buyer
For consumers who have no access to bank lines of credit, an unexpected expense can be devastating. In some cases, a fast payday advance can represent financial salvation. Comment?
Dec 19, 2014 | via Business Wire
A detailed list of rating actions follows at the end of this release. The affirmations are based on the stable performance of the underlying collateral pool. Comment?
Dec 18, 2014 | via Patch.com
Kim Farina, regional vice president of Weichert, Realtors, announced that the Aspen Hill office was recognized for outstanding performance in November. The office led the region, which services Montgomery and Prince George counties, and surrounding areas in the District of Columbia, for resales and resale revenue units. Comment?
Dec 9, 2014 | via Gazette.net
Two pieces of legislation working their way through the County Council likely will affect more than 1,200 registered condominium and homeowners associations in the county if approved next year. Bill 44-14, sponsored by Democratic at-large members George Leventhal of Takoma Park and Nancy Floreen of Garrett Park, would require the owner of a unit to be within 30 days of paying outstanding condo or HOA fees before renting the unit to a tenant. 1 comment
Friday Jan 23 | via Inman
Wells Fargo has agreed to pay $34.8 million to settle allegations that more than 100 loan officers in at least 18 branches steered thousands of mortgage borrowers to a Maryland-based title company in exchange for kickbacks in the form of valuable marketing services and cash. JPMorgan Chase will also pay $900,000 to resolve a complaint by regulators that at least six Chase loan officers participated in the kickback scheme allegedly employed by Genuine Title. Comment?
Friday Jan 23 | via Herald Gazette
Government regulators have ordered Wells Fargo and JPMorgan Chase to pay $35.7 million to settle charges for their part in an illegal mortgage marketing kickback scheme that involved a title company that sought consumer referrals from lenders in exchange for cash. On Thursday, the Consumer Financial Protection Bureau and the Maryland Attorney General's Office accused a former title company, Genuine Title, of offering the banks' loan officers cash, marketing materials, and other consumer information in exchange for business referrals. Comment?
Thursday Jan 22 | via Washington Examiner
Wells Fargo and JPMorgan Chase will pay a combined $36 billion to settle charges that they took kickbacks from a real estate business, the Consumer Financial Protection Bureau announced Thursday. The CFPB and the Maryland Attorney General's office took action against the two banks for an illegal marketing kickback scheme in which the banks received money, marketing materials and customer information from a company called Genuine Title in exchange for referrals for their business. Comment?
Thursday Jan 22 | via National Mortgage News
Wells Fargo and JPMorgan Chase could face more than $35 million in penalties and restitution for allegedly receiving data on consumers and other services in return for directing customers to a Maryland-based title company. The kickbacks were alleged in a complaint filed Thursday by the Consumer Financial Protection Bureau and the Maryland attorney general, which say the two banks benefited from "valuable services" in exchange for referring business to Genuine Title, which has since shut down. Comment?
Thursday Jan 22 | via Mortgage News Daily
Wells Fargo and JPMorgan Chase along with a former Wells Fargo employee and his wife are the subjects of consent orders filed by the Maryland Attorney General and the Consumer Financial Protection Bureau . The orders ask for close to $37 million in civil penalties and consumer redress, by far the bulk of the moneys coming from Wells Fargo. Comment?
1 hr ago | via The Brooklyn Paper
Fleur-de-lis-emblazoned seats are reserved for high rollers who pay to reserve them. They come with more legroom and an express lane at the bar. Comment?
11 min ago | via Concord Monitor
Has the long-awaited U.S. housing boom finally arrived? You would think so, judging from statistics so far this month. But don't hold your breath. Comment?
12 min ago | via San Bernardino County Sun
The average cost to rent an apartment in the Inland Empire has risen about 5.4 percent according to a new report from the industry tracking firm RealFacts . The average regional monthly rent was $1,204 in the fourth quarter of 2014 for properties with 100 or more apartment units. Comment?
30 min ago | via ArkansasBusiness.com
The news that new vehicles, especially SUVs, are flying off the dealers' lots fills me with mixed emotions. Comment?
43 min ago | via Seeking Alpha
This is good news for OCN and its web of companies, as CA was a big portion of its business. On Friday, BlueMountain Capital, a hedge fund, also declared they were shorting OCN and HLSS. Comment?
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