HUD Secretary Ben Carson apparently doesn’t know what an REO is

Can you "explain the disparity in REO rates. Do you know what an REO is?" rep. katie porter (D-Cali.) asked Department of Housing and Urban Department (HUD) Secretary Ben Carson during a hearing on

Housing Secretary Ben Carson didn’t seem to know what a congresswoman was talking about when she asked a question related to foreclosures during a congressional hearing on Tuesday. Instead.

Multifamily development picks up despite falling demand Multifamily 2018 Mid-Year Outlook – Freddie Mac – Over the past 10 years, the cumulative shortage is roughly 6 million, an average of 600,000 per year. This was most severe in the years just after the Great Recession when there was little demand. But, in the past few years, as construction in both single-family and multifamily have picked up, the gap has narrowed considerably.More than half of US metros post higher foreclosure activity OCC’s Dugan Takes Aim at HOPE NOW’s Workout Claims New york fed: 2 concerns holding Brooklyn back The Federal Reserve Bank of New York works within the federal reserve system and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and.PDF John C. Dugan "Three Years Later: Reflections on the. – John C. Dugan . Partner, Covington & Burling LLP and . Comptroller of the Currency 2005-10 "Three Years Later: Reflections on the Financial Crisis and the OCC" Remarks before the . George Washington University Law School .. Now, I emphasize this point because it is the predicate for all.The numbers describe our future more than they. became the foreclosure capital of America for a while. That’s a lesson.

I’m sorry to put even more onto your plate, but now it’s time to discuss why Ben. If that doesn’t make you worry about this whole thing, I don’t know what will. This is really the biggest problem.

On Tuesday, Housing and Urban Development secretary Ben Carson. after a foreclosure. Carson didn’t know the term-in fact, he tried twice to guess what the initials might stand for. HUD has REO.

HUD Secretary Ben Carson apparently doesn’t know what an REO is HOT or NOT July: What’s trending in housing right now JLL’s $2 billion acquisition of HFF to close on July 1

FHFA delays principal reduction ruling Housing advocates: FHFA won’t reduce principal, offers discounted NPLs Share Tweet Two liberal advocacy groups have published a provocative study accusing the Department of Housing & Urban Development and the Federal Housing Finance Agency of helping Wall Street at the expense of low-income communities by selling non-performing loans to.

HUD Secretary Ben Carson had a bit of a rough day on Wednesday. Carson appeared on Capitol Hill to testify before the House Financial Services Committee, and during questioning from the committee member with the most housing knowledge, turned himself into a punchline by confusing a common housing industry term with a

Housing and Urban Development Secretary Ben Carson didn’t seem to know what a congresswoman was talking about when she asked a question related to foreclosures during a congressional hearing on.

The internet pounced after Housing and Urban Development Secretary Ben Carson mixed up a common real estate term with an Oreo cookie. HUD Secretary Ben Carson Was Asked About a Common Term Related.

Housing and Urban Development Secretary Ben Carson didn’t seem to know what a congresswoman was talking about when she asked a question related to foreclosures during a congressional hearing on Tuesday. Instead, Carson apparently thought she was talking about Oreo cookies. Speaking at a House.

Senators press Obama for swifter REO strategy JPMorgan settlement with FHFA imminent BofA completes more short sales than REO for last 18 months The cure to zombie foreclosures JW Showcase NEW YORK – JW Player, a leading digital and mobile video solutions company, today released the JW Showcase, a free and open-source video web app builder that makes it easy for anyone to create a.BANK OF AMERICA PAYS TO SHORT SALE "realtor tami saner 916-417-6162". These sales are generally more cost effective for banks than foreclosures.. maintenance expenses and legal fees that can build up for months, even years, as foreclosures work through the system.In an unprecedented move, JPMorgan announced a settlement with the FHFA pertaining to sale of home loans and MBS. The settlement comes as a relief as it lowers its litigation ambiguity to an extent.Bank of America reaches multi-billion dollar deal with Fannie Mae Iowa AG: Banks may face criminal liability after robo-signing settlement History: Fannie, Freddie Seized by Federal Government Freddie Mac, which faced insolvency when it was seized by the. the preferred shares the government has taken. The White House has estimated taxpayers might end up seeing a $51 billion profit on the.Bank of America announced a multibillion-dollar mortgage settlement deal with Fannie Mae Monday morning to resolve legacy mortgage repurchase claims through a $3.6 billion cash payment to the GSE.Fitch: Prime jumbo RMBS on pace for best year since crisis More than 28% of US homeowners underwater on their mortgage RealScout raises $6 million for superior real estate searches Top 10% see greatest home value gains History: Fannie, Freddie Seized by Federal Government In September 2008, the united states government seized mortgage giants fannie Mae and Freddie Mac. Since that time, the government has pumped 1 billion of new capital into these government.

Iowa AG: Banks may face criminal liability after robo-signing settlement freddie mac speeds up availability of streamlined loan mods streamlined loan modification program Frequently Asked. – Streamlined Loan Modification program frequently asked questions: important bulletin: December 14, 2016 – In single-family seller/servicer guide (guide) bulletin 2016-22 [pdf], freddie mac announced the new Freddie Mac Flex Modification, which is designed to offer you an easier, flexible way of helping more borrowers qualify for a loan modification in a changing housing environment.The cure to zombie foreclosures History: Fannie, Freddie Seized by Federal Government JW Showcase Invite viewers and premium advertisers to your custom video website with JW Showcase, a turnkey solution for delivering and monetizing video content with speed, ease, and style. · The government has promoted bad loans not just through the stick of the CRA but through the carrot of Fannie Mae and Freddie Mac, which purchase,So how does an investor go about purchasing a zombie foreclosure? Prior to purchasing a zombie property/foreclosure, you will need to perform a title search to understand what liens are attached to the property and owner. Some liens can be easily removed, where as state and federal liens are not easily removed.This settlement arises from multiple abuses found in the servicing of loans and the foreclosure process over the past several years. At the height of the housing bubble, banks sliced and diced.It would be about $6 million in today. that he ended up in real estate because of the industry’s tax advantages. He remembers his accountant calling him up in 1956 with some advice. “I suggest you.The level of single-family homeowners who owe more on their mortgage than the property is worth rose to a new high of 28.4% at March 31, up from 27% at the end of 2010, according to Zillow.While the short-selling of retail CMBS doesn’t exactly mirror the bets made prior to the fall of the sub-prime mortgage market. through the end of the year, indicating that the short (on the.President Obama’s top military and diplomatic aides will head to Capitol Hill on Thursday to explain his Afghanistan withdrawal to a Congress that is eager for the costly conflict to end but skeptical about the implications of bringing the troops home.. Some Democratic lawmakers lashed out at the president on Wednesday night, saying his withdrawal plan was too timid.

 · DURHAM Ben Carson, the secretary of housing and urban development, wanted to talk about a North Carolina company he thinks could play a role in making new apartments more affordable.