Home resales are 17.2 percent higher than the 4.60 million-unit pace in July 2012. Sales have remained above year-ago levels for 25 months.
About $1 billion worth of checks have gone uncashed or undeposited. No numbers have been released as to how many represent checks mailed to wrong addresses, or checks that have been lost or checks that recipients have simply refused to claim, one way or another.
Now, Walmart, Home Depot, Time Warner Cable and Darden Restaurants (parent company of Olive Garden, Red Lobster, and LongHorn Steakhouse) are among the companies being investigated by the New York attorney general over such card fees charged employees.
Unemployment rates are still too high among recent graduates, but a new study insists that a college educations still pays off, especially if your major was education, engineering and “health and the sciences” — which leads to jobs in the growing field of healthcare.
The practice known as ‘dual tracking’ — when a lender moves ahead with foreclosure as it negotiates a loan modification with the same homeowner – persists among the big banks under the National Mortgage Settlement.
Staff members from the office of Rep. Elijah Cummings, D-Maryland, one of several Democrats who are closely following the mishaps of the Independent Foreclosure Review (IFR), are scheduled to meet with executives of Rust Consulting this week. Cummings and regulators are trying to figure out what exactly is going on with the firm, which has two decades of experience in managing financial settlements and claims.
Updated 06.14.2013: Claimants under the National Mortgage Settlement have started to get their long-awaited checks this week, most reporting amounts of $1,484.
The next two mailings are scheduled for April 26 and May 3. A total of 434,484 checks have been cashed or deposited for a total amount of more than $418.8 million from the first mailing April 12, according to bank regulators, as of Thursday.
Long-delayed compensation to 4.2 million borrowers that were part of the Independent Foreclosure Review will begin April 12, with precise amounts based on the stage of foreclosure and the type of servicer error involved, bank regulators said Tuesday.
Up to 4.2 million borrowers are expected to start receiving payments in April as part of a $3.3 billion settlement fund stemming from the so-called Independent Foreclosure Review, a spokesman for the Office of the Comptroller of the Currency told eCreditDaily.