Amagon Real Estate News
Real Estate news for Amagon, AR continually updated from thousands of sources.
Yesterday | via The City Wire
With the first two quarters of 2015 already in the history books, local and national economists predict a stronger economy in Northwest Arkansas, Fort Smith and the nation as a whole for the remainder of the year. John Silvia, chief economist with Wells Fargo, described the national economic scene as mixed with strong consumer spending somewhat damped by slower growth overseas that is constraining exports, as well as continuing cutbacks in energy exploration. Comment?
Wednesday Jul 22 | via JD Supra
In this decision, the Delaware Court of Chancery largely declined to dismiss claims for breach of a limited liability company agreement, breach of the implied covenant of good faith and fair dealing, unjust enrichment, breach of fiduciary duty, aiding and abetting, civil conspiracy, and fraudulent transfer in connection with the allegedly forced insolvency of a limited liability company. In so ruling, the Court rejected, among other things, defendants' arguments that all of plaintiff's claims were derivative, rather than direct, in nature. Comment?
Wednesday Jul 15 | via The Courier
The number of residential homes sold, as well as the values and average prices of those homes in Pope County, saw higher increases from May 2014 to May 2015 than statewide percentage changes, according to the Arkansas Realtors Association's monthly statistics. In Pope County, 76 homes were sold in May 2014 and 88 homes were sold in May 2015, a 15.79-percent increase and more than the 10.77-percent increase in the amount of homes sold statewide. Comment?
Wednesday Jul 8 | via National Mortgage News
Unless you are a Citigroup or JPMorgan Chase, your bank is pretty safe from the turmoil in Greece and China, right? The threat of a Greek default and the Chinese stock market plunge will exert downward pressure on interest rates, and global insecurity could encourage the Federal Reserve to delay a rate hike, experts say. That could translate into even tighter margins and delay relief for the many banks starved for revenue growth. Comment?
Tuesday Jul 7 | via 4029TV.com
A woman charged in the kidnapping and killing of an Arkansas real estate agent has pleaded guilty to reduced charges in exchange for agreeing to testify against her estranged husband, who also is charged in the death. Crystal Lowery was sentenced to 30 years in prison on Tuesday after pleading guilty to first-degree murder and kidnapping charges in the death of 50-year-old Beverly Carter. Comment?
7 min ago | via The Florida Times-Union
A judge has denied Shad Khan's request for a quick foreclosure on the Barnett National Bank downtown. Khan's Stache Investment Corp. has filed a foreclosure suit against Barnett Tower LLC, the corporation set up to own the building. Comment?
7 min ago | via Housing Wire
Loan fraud is rampant in the U.S., and is on the rise. According to the LexisNexis 2014 Mortgage Fraud report, 74% of loans reported in 2013 involved some kind of fraud or misrepresentation versus 69% in 2012. Comment?
8 min ago | via Housing Wire
The House Financial Services Committee held a full committee hearing Tuesday to examine America's economic prosperity in the five years since the Dodd-Frank Act became law. It was the latest in a series focused on the impact Dodd-Frank has had on the economy, lenders and capital markets. Comment?
1 hr ago | via Housing Wire
The Consumer Financial Protection Bureau announced Tuesday that it is ordering Paymap , a Colorado-based payment processing company, to return $33.4 million to consumers for falsely promising mortgage savings to borrowers who used their biweekly mortgage payment program. According to the CFPB, Paymap, along with LoanCare Servicing , a Virginia-based residential mortgage servicer, marketed a electronic payment system that boasted it could save borrowers as much as $33,000, while in actuality, borrowers did not save much, if at all. Comment?
2 hrs ago | via Housing Wire
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration , many mortgage lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac , a new survey of lenders showed. The survey, conducted by Fannie Mae's Economic & Strategic Research Group and based on responses from senior mortgage executives in May 2015, found that approximately 40% of lenders who deliver loans to the GSEs or Ginnie Mae reported applying credit overlays that are more stringent than what the GSEs or Ginnie Mae require. Comment?
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