Chester County News and Community Website
The Federal Trade Commission recently approved a proposed consent order to resolve antitrust concerns surrounding Intercontinental Exchange, Inc.’s (ICE) proposed $13.1 billion acquisition of Black Knight, Inc. The proposed settlement …
FTC Resolves Mortgage Tech Antitrust Concerns with ICE and Black Knight Settlement Read More
PENNSYLVANIA — The $18.4 million mortgage loan subsidy fund established by Philadelphia’s former top home mortgage lender, Trident Mortgage Company, as part of the Pennsylvania Office of Attorney General’s major …
PA Attorney General’s Redlining Settlement Kickstarts Mortgage Assistance Programs with Trident Mortgage Company Read More
ATTOM recently released its third-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents 1.3 percent, or …
Zombie Foreclosures: Steady But Minimal Impact Throughout Most of the U.S. Read More
Four federal agencies will host a roundtable discussion on September 12, 2023, at 3:00 p.m. EDT regarding the availability of special purpose credit programs to help meet the credit needs …
Federal Agencies to Host Roundtable on Special Purpose Credit Programs Read More
The Consumer Financial Protection Bureau (CFPB) recently took action against Freedom Mortgage Corporation (Freedom) for providing illegal incentives to real estate brokers and agents in exchange for mortgage loan referrals. …
CFPB Slaps Freedom Mortgage and Realty Connect with Fines for Illegal Kickbacks Read More
ATTOM recently released its July 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,877 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down …
July 2023 U.S. Foreclosure Market Report: Signs of Housing Market Rebound and Increased Homeowner Options Read More
The Department of the Treasury and the Internal Revenue Service recently issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed transactions – abusive tax transactions …
New Treasury Regulations: Monetized Installment Sales and Similar Transactions Identified as Listed Abuses Read More
The Federal Trade Commission and more than 100 federal and state law enforcement partners nationwide, including the attorneys general from all 50 states and the District of Columbia, recently announced …
Cracking Down on Illegal Telemarketing Calls: FTC and Law Enforcers Nationwide Take Action Read More The Federal Financial Institutions Examination Council (FFIEC) recently announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,460 U.S. financial …
Insights from the 2022 Mortgage Lending Data: Trends in Home Loan Applications and Borrower Demographics Read More The Consumer Financial Protection Bureau (CFPB) recently issued an order against ACI Worldwide and one of its subsidiaries, ACI Payments, for improperly initiating approximately $2.3 billion in unlawful mortgage payment …
CFPB Slaps ACI Worldwide with $25M Penalty for Improper Mortgage Transactions Read More