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Here’s how leading real estate investors are different than the other 95% · A real estate investment trust (“REIT”), generally, is a company that owns – and typically operates – income-producing real estate or real estate-related assets. REITs provide a way for individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate.
MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve alleged Federal Housing Administration (FHA) mortgage lending violations, the Department of Justice recently announced. The violations did not involve reverse mortgage loans, the Department of Justice confirmed.
USRealty.com acquires national real estate brokerage Source: Housing Wire USRealty.com announced it has acquired national real estate brokerage Housepad, which will enable it to offer cost-effective property sales for homeowners, commercial brokers, home-selling websites and institutional real estate portfolio managers.
In addition, beginning in 2017, Best Hometown Bank’s ability to pay dividends will be limited if Best Hometown Bank does not have the capital conservation buffer required by the new capital rules, which may limit the ability of Best Hometown Bancorp to pay dividends to its stockholders. See “- Capital Requirements” above.
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· First Horizon National Corp will pay $212.5 million to resolve the DOJ and HUD investigation into mortgage loans made by First Tennessee Bank, according to media reports last week. The settlement continues the U.S. Government’s pursuit of banks that made bad loans on real estate immediately prior to or during the financial crisis.
U.S. Bancorp (USB) has agreed to pay the United States $200 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the.
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