The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic. “The [NPL] sales program reduces the number of deeply delinquent loans in the Enterprises’ portfolios…
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This is our second trade alert of the day.
Despite having long ago settled the commission lawsuits, legal challenges continue to mount for real estate industry giant Anywhere. On Friday, the firm and some of its subsidiaries and agents were accused of violating the federal Racketeer Influenced and Corrupt Organizations (RICO) Act and the Lanham Act. The lawsuit, which alleges claims of false advertising,…
The criminal charges against the Alexander brothers are now affecting Side’s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners, that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. Side —…