New York – The United States has reached an agreement with Nomura Holding America Inc. and several of its affiliates (“Nomura”), which will pay a $480 million penalty to resolve federal civil claims that Nomura misled investors in connection with the marketing, sale and issuance of residential mortgage-backed securities (“RMBS”) between 2006 and 2007. Nomura’s … Continue reading New York News: Nomura Agrees to Pay $480 Million in Civil Penalties for Misleading Investors in Sale of Residential Mortgage-Backed Securities
NEWARK, N.J. – A New Jersey attorney today admitted running a large-scale mortgage fraud scheme that involved properties in Jersey City, Clifton, Union, and elsewhere in New Jersey and caused losses of millions of dollars, U.S. Attorney Craig Carpenito announced. Christopher Goodson, 45, of Newark, pleaded guilty before U.S. District Judge Katharine S. Hayden in … Continue reading New Jersey News: NEWARK, Christopher Goodson, New Jersey Attorney Admits Role In Multimillion-Dollar Mortgage Fraud Scheme
August 22, 2018 (STL.News) The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision: “With … Continue reading National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program
May 2, 2018 (STLRealEstate.News) — Professional appraisals are the foundation on which stable real estate markets are built, so ensuring appraisers are able to do their jobs to the best of their ability is vital to the industry. That’s why a report from the federal government on appraisal quality is welcomed. The Federal Housing Finance … Continue reading What’s the Best Way to Ensure Appraiser Independence?
DENVER, COLORADO/JUNE 15, 2017 (STL.News) This week marks the release of the June Housing Tides Report™, featuring an update to the Housing Tides Index™, an objective and sophisticated approach to quantifying and comparing the health of U.S. housing markets. This month’s Index update reveals an improvement in housing market health as loan performance improved to the … Continue reading Housing Tides Index™ June 2017 – Housing Data Shows Improvement as Mortgage Delinquencies and Foreclosures Fall to New Lows