Wall Street Journal’s Nick Timiraos discussed Federal Housing Authority (FHA) practices that led to its $16 billion shortfall in 2012, what it’s doing about it and the potential of Congress to offer the administration a bailout.
AUTHOR
Sherwin
338 postsYou may also like
A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.
The rise and subsequent fall of real estate prices could have an effect on other industries such as food. Originally published at https://realtyevolved.net by Sherwin Sucaldito
ShoreBank, the South Side lender that carved out a national reputation by successfully lending in low-income urban neighborhoods for three decades, was seized by regulators Friday after an extraordinary rescue effort featuring the nation’s largest financial firms fell short.
Who does the settlement cover? The settlement covers borrowers who have loans that are serviced by one of the five big banks: […]