Atlantic Real Estate News
Real Estate news for Atlantic, VA continually updated from thousands of sources.
Friday | via NBC29
Attorney General Mark R. Herring today announced that more than 3,000 Virginia borrowers are expected to receive up to $2.42 million in direct payments, and more Virginia borrowers will be eligible for loan modification and other relief, as part of a $470 million joint state-federal settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses. The settlement also includes reforms to HSBC's mortgage servicing standards and additional independent oversight of its mortgage servicing practices. Comment?
Thursday Jan 28 | via WCAV
Student leaders from 20 Virginia colleges, including the University of Virginia, were in Washington, D.C. Wednesday to talk about the challenges of paying for college and the impact of rising student loan obligations. According to a release, about 60 percent of Virginia college students graduate with student debt, which means the average debt load in the Commonwealth tops $26,000 per graduate. Comment?
Tuesday Jan 26 | via AmericanBankingNews.com
F&M Bank Corp issued its earnings results on Monday. The financial services provider reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.07, MarketBeat.com reports. Comment?
Friday Jan 22 | via Virginia Business
Virginia is recovering $63 million in a settlement with 11 banks to settle allegations they misled the commonwealth and the Virginia Retirement System about the quality of mortgage-backed securities sold to VRS, according to Attorney General Mark Herring. Herring said this represented the largest recovery from a suit not related to health care under the Virginia Fraud Against Taxpayers Act. Comment?
Wednesday Jan 20 | via Hampton Roads Daily Press
A little-known law that routes a portion of real estate taxes to work along U.S. 58 would eventually be used to help build a new interstate through western Virginia under pending legislation. Senate Bill 197 would earmark $40 million a year from the state recordation tax on deeds and mortgages for the proposed interstate, which would run in Virginia from Martinsville to Roanoke. Comment?
3 min ago | via Columbia Daily Herald
The Federal Reserve is squeezing a good deal of the profit out of mortgage bond trading, and Wall Street banks are increasingly heading for the exits. Barclays cut 20 jobs in its U.S. government-backed mortgage bond business in January as part of a broader bank reorganization that is cutting 1,200 jobs, according to a person with knowledge of the matter. Comment?
4 min ago | via The Gleaner
Mortgage leader Jamaica National Building Society has slashed it mortgage rates to 8.5 per cent in response to the shift in the market. The building society, which now commands 52 per cent of the market, said its rate reduction will span all new mortgage applicants or its line of residential mortgage products. Comment?
4 min ago | via The Gleaner
The Orchards will sit on 136 acres of decommissioned sugar lands that state-owned SCJ Holdings has put up as equity in its joint venture agreement with Rivi Gardner. The value of the property was not disclosed, nor the overall project cost. Comment?
16 min ago | via West Hawaii Today
There are hundreds of blogs and websites devoted to them and the design website Houzz currently has 2,716 stories on the subject. Television shows such as "Tiny House Nation" and documentaries such as "Tiny: A Story About Living Small" have Americans dreaming of radically uncluttering their lives and living with less stuff and a lot less square footage. Comment?
18 min ago | via The Victoria Advocate
"I was always watching the market when I was younger, looking at properties," Quitta said. "My parents, they're the ones that said, 'Why don't you try it?' I was always interested in it but I had never sold anything ever. Comment?
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