Covington Real Estate News
Real Estate news for Covington, VA continually updated from thousands of sources.
4 hrs ago | 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?
12 min ago | via The Republic
About 80 properties in Columbus currently for sale have either already gone through foreclosure or are listed by owners trying to escape debt and avoid losing their homes, statistics show. These range from dilapidated 780-square foot properties built in the early 1930s to 3,500-square-foot homes built in the late 1990s, according to real estate aggregator Zillow.com. Comment?
16 min ago | via NewsOK.com
A New Year brings new opportunities, and that's certainly true if you're looking to sell or buy a home in 2016. What exactly does the year ahead have in store for housing? Industry experts point to a lot of promising signs - moderate increases in prices and sales, the creation of more households, and an improving job market - for the national housing picture in 2016. Comment?
27 min ago | via Switched
The stunning ascent of Bernie Sanders portends far more than a hard-fought Democratic primary. Its greater implication, whether Sanders wins or loses, is that America's crony capitalism will no longer go unchallenged. Comment?
41 min ago | via Housing Wire
While small, mortgage credit availability fell in January, dropping 0.4% to 123.8, according to the Mortgage Credit Availability Index from the Mortgage Bankers Association. The index analyzes data from Ellie Mae's AllRegs Market Clarity business information tool. Comment?
41 min ago | via Housing Wire
SMS Assist , a mobile and cloud-based multisite property management company, announced its expansion into residential real estate with the creation of its residential service team. According to a release from the company, SMS Assist is launching its residential division with "major clients" already on board, including Colony Starwood Homes , Home Partners of America and others. Comment?
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