Replacement Checks Issued for Unclaimed Foreclosure Settlement Payments

first_imgHome / Daily Dose / Replacement Checks Issued for Unclaimed Foreclosure Settlement Payments February 18, 2015 1,601 Views Servicers Navigate the Post-Pandemic World 2 days ago Federal Reserve Foreclosure Mortgage Servicers OCC 2015-02-18 Brian Honea Borrowers eligible for payment will soon be receiving replacement checks for the funds they were scheduled to receive under the Independent Foreclosure Review Payment Agreements, according to an announcement from the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday.The paying agent, Rust Consulting, is mailing the checks this week to borrowers who are eligible under the payment agreements and have not yet cashed or deposited their check, according to OCC. The newly mailed checks are intended to replace uncashed checks that have expired.The Independent Foreclosure Payment Agreements were originally reached in January 2013 between federal bank regulatory agencies and 13 mortgage servicers. As part of the agreements, the servicers agreed to provide cash payments totaling $3.6 billion to borrowers with a mortgage serviced by one of these servicers, their affiliates, or subsidiaries whose homes were in any state of foreclosure during 2009 and 2010, according to OCC.The 13 servicers are (listed alphabetically) Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo, OCC said in its announcement.Payments were mailed to nearly all of the 4.2 million eligible borrowers of these 13 servicers beginning in April 2013, with payments ranging from several hundred dollars to $125,000 plus lost equity, according to OCC. More than 3.4 million of those checks (totaling $3.1 billion dollars), or about 87 percent of the payment required of the servicers, had been cashed or deposited as of January 2015. The remaining outstanding checks (about 600,000) originally issued to borrowers of those 13 servicers have expired; the paying agent, Rust Consulting, has been directed to conduct additional services for updates addresses as part of an ongoing effort to reach the in-scope borrowers.This week’s mailing represents the third attempt to reach the borrowers who have not yet been found or not yet cashed their check. The checks will be void if not cashed or deposited within 30 days of the issue date. Those who have already cashed or deposited their check will not receive additional payment.The federal bank regulatory agencies reached similar foreclosure review payment agreements after January 2013 with two additional servicers, GMAC Mortgage and EverBank, according to the OCC’s announcement. Payments had been mailed to all of the in-scope borrowers under these agreements by the end of 2014; Rust Consulting is expected to mail replacement checks by May 2015 for checks that have not been cashed or deposited. About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Replacement Checks Issued for Unclaimed Foreclosure Settlement Payments Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Share Save  Print This Post Previous: Freddie Mac to Announce Q4, Full Year 2014 Financial Results Thursday Next: Analyst Forecasts Low Homeownership Rates Among Job Fields With Most Growth Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Tagged with: Federal Reserve Foreclosure Mortgage Servicers OCC Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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Urban Ag Day.

first_imgAgriculture isn’t justout in the country. Look around you. Everywhere you look, you see topics of the UrbanAgriculture Field Day Aug. 16 in Griffin, Ga.The field day, at the Georgia Experiment Station, will show how to manage and maintaincommercial and home landscapes and recreational facilities.Among the topics: screening deciduous azaleas, testing blueberries, butterflygardening, fire ant management, new grasses, abelias, tall fescues for Georgia, white grubcontrol and many, many more.It’s open to the public. Anyone interested in turf and ornamental horticulture isinvited.Two Field Days in OneThe field day will include an ornamentals open house and a turf grass field day. Bothare presented by the Georgia Center for Urban Agriculture, a program of the University ofGeorgia College of Agricultural and Environmental Sciences.Several categories of professional pesticide applicators may get recertification crediton completing the field day.The fee for the field day is $25 before Aug. 7 and $40 after that. This coversregistration, instruction, refreshment breaks and a barbecue lunch.To sign up, or to learn more about the event, visit the Web site at (www.griffin.peachnet.edu/uafd). Or call (770)229-3477.last_img read more

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How to answer the question, “How long have you been doing this?”

first_imgYou are meeting with a potential new client.   You’re learning a bit about each other. And the potential client asks, “So, how long have you been doing this?”Most people answer with a number, the number of years they have been practicing their profession or been with their company. But that potential client isn’t really asking for a number. He or she is asking, “Do you really know what you’re doing?”This is just one of the questions clients ask that sends a signal they want to know about your credentials.So what’s a better answer than just a number?   Here are some ideas:Explain your education, certifications and designations. This is a perfect time to explain the alphabet soup after your name and, most importantly, why it is a benefit to that client.Share how you stay up to date on your area of expertise.Talk about the resources you bring to the relationship including other specialists you work with and other people on your team.Share the types of clients you work with, especially if they are similar to the prospective client in front of you.For example, “I’m a CFP, or Certified Financial Planner. Did you know that almost 40% of people who take the CFP test fail? But it was important to me to gather the extensive knowledge and expertise necessary to become a CFP so I can better serve my clients.”Note the addition of the failure rate. The average investor doesn’t know if this is a designation you get with a couple of hours of preparation or if it’s something that requires a lot of work and knowledge.What if I haven’t been in the industry very long?I hear this a lot, especially from younger people starting out their careers. Here’s what you can share… Do you have an area of focus?   If you just got out of school, have you been educated on the latest information, technology or regulations?Another possibility, as we noted above, is to talk about the resources you bring besides just yourself. You may have other team members or resources you bring to the table.Finally, share something with the prospective client that will calm their concerns. If they are asking about your credentials, they have concerns.I talked with a very successful young mortgage originator who shared what he says to new clients. “I’m going to be a part of your family for the next 30 days. I’m going to be right here to walk you through every step of the process.”   His confidence and concern for the client helped him win their trust.The bottom line is, when asked, “How long have you been doing this?” be prepared to share something more than just a number. Use it as an opportunity to share your credentials. 28SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Holly Buchanan Holly Buchanan is the author of Selling Financial Services to Women – What Men Need to Know and Even Women Will Be Surprised to Learn. She is the co-author of The … Web: www.SellingFinancialServicesToWomen.com Detailslast_img read more

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Squad Goals: How Navy Federal simplifies the homebuying process

first_img continue reading » In early March 2013, a video on Business Insidertalked about 2010s being the Age of the Customer. Advances in technology have underpinned the proliferation of competitors in the field of financial services, pushing credit unions to work harder to differentiate themselves to attract and maintain members.Nowhere on the balance sheet is that clearer than in the mortgage portfolio. In late 2017 online-only lender Quicken Loans overtook Wells Fargo as the nation’s largest mortgage lender, largely on the strength of its mortgage platform Rocket Mortgage. For credit unions to compete, simplifying the traditionally complicated application process is a good place to start.“We understand homebuying can be stressful,” says Mounia Rdaouni, assistant vice president of mortgage specialized operations at Navy Federal Credit Union($103.1B, Vienna, VA). “As a credit union, we wanted to alleviate concerns and issues and simplify the process.”To that end, the nation’s largest credit union has launched HomeSquad, a mortgage application platform accessible on mobile or online. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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ICYMI: From a jaguar to ‘Harry Potter’ wheeled broomsticks

first_img– Advertisement – Read more: Turkmenistan leader unveils giant gold dog statue- Advertisement – In our weekly In Case You Missed It round-up video, we bring you a selection of stories that might have passed you by during the past seven days.This time we see the release of a rehabilitated jaguar, take a look at Harry Potter-inspired broomsticks on wheels and get a glimpse of a newly-unveiled giant gold statue of a dog.- Advertisement –last_img

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ITCs delay premier league return for Bekoe and Adams

first_imgAssistant coach of Berekum Chelsea says the absence of strikers Eric Bekoe and Saddick Adams in their opening group game of the Ghana premier league was as a result of their inability to secure the players international transfer certificate.Chelsea began their premier league campaign on a high after beating Heart of Lions 2-0 at the Berekum golden city park in Berekum on Sunday.Eric Bekoe returned from Petrojet with Saddick Adams coming from Etoile Du Sahel to join Chelsea for this season’s premier league.“The problem with this professionals anytime they come back to play in the local league is their international transfer certificate (ITC)”,said coach Anor Warlker“As at last week their ICT’s were not in so that was the reason why we couldn’t use them in our game against Lions but we hope to get them by the close of this week so they can play in our next league game”.Berekum Chelsea will travel away to the Dormaa Park where they will take on Aduana Stars in their next premier league game.last_img read more

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Kootenay gains weekend split against Fraser Valley

first_imgBy The Nelson Daily SportsThe Kootenay Wildcats gained a split during B.C. Female Midget AAA Hockey League play against the Fraser Valley Phantom during the weekend in Langley.However, it was the way the Cats gained the points that has head coach Mario DiBella breathing a little fire.During a 7-3 loss Sunday, Kootenay was penalized 55 minutes to only four for the Phantom — 25 of those minutes whistled in the second period.“It was the worst job of officiating I have ever witnessed, bar none,” DiBella told The Nelson Daily.Saturday, Kootenay, 5-5, pulled off a 3-2 victory over Fraser Valley.Simran Sidhu scored twice to lead the Phantom, which enjoyed period leads of 1-0 and 3-0.Hailey McLean scored twice to lead the Wildcats while Randi Brown added a single. Daley Oddy had two assists for Kootenay.Fraser Valley put the game away scoring three times in the third in a span of three minutes.Saturday, Kootenay scored in each of the three periods to edge Fraser Valley.Christina Bonacci, in the first, Aimee DiBella, in the second and Oddy, in the third, was all the scoring the Cats would need.McLean tallied two assists for the winners.Melina Christopherson and Arianna Castillo replied for Fraser Valley.Brianne Burns registered the win in goal for Kootenay.Kootenay idle this weekend. Next action is November 20 in Kelowna against the Okanagan Rockets in the first contest of a two-game [email protected]last_img read more

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Let the games begin: Trail Smoke Eaters kick off regular season tonight

first_imgThe long wait is over: hockey is finally here.The Junior A BCJHL season for the Trail Smoke Eaters begins tonight as the Smokies open at Cominco Arena in Trail against the Westside Warriors. The 7:30 p.m. game is the first meeting of the year between the Interior Conference rivals. Last season the Smokies finished five points behind the Warriors in fifth place (68 points, 31-23-2) in the conference, bowing out in the first round of the playoffs. In six exhibition games so far this season, the Warriors remain undefeated in regular time, winning three games and losing three in overtime. The Smokies had a slower start to the exhibition season, winning only two of their six games. Led by leading scorers Alex Grieve (31 goals, 78 points) and Grayson Downing (34 goals, 70 points), the Warriors offence will be clicking again as both players have returned and will be in the lineup tonight. The Smokies will be without their two top snipers from last year in Scott Jacklin (23 goals, 73 points) and Sam Mellor (33 goals, 67 points).last_img read more

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DOWNLOAD XPRESSBET’S FREE ‘UPDATED’ KENTUCKY DERBY WAGER GUIDE

first_imgIn last year’s Wager Guide, both Siegel and Jerardi correctly identified California Chrome as the horse to beat in the Derby, while Steve Byk’s suggested $2 California Chrome over Commanding Curve Exacta returned $340 to readers. New, Post-Draw Wager Guide Now Available To download your free version of this year’s Xpressbet Kentucky Derby Wager Guide, simply visit www.xpressbet.com/Bet-the-Kentucky-Derby.  While you’re there, sign up for an Xpressbet account to bet the Kentucky Derby and receive a $125 Welcome Bonus. This year’s Wager Guide once again features an all-star cast of handicappers that boast decades of experience playing the races, including Bob Neumeier, Mike Battaglia, Jeff Siegel, Jon White, Steve Byk, Dick Jerardi, Jeremy Plonk and Xpressbet’s own, John “Johnny D.” DeSantis.  Experts provide analysis, picks and a $100 wagering strategy for this year’s Kentucky Derby, which will be contested Saturday, May 2.center_img April 30, 2015 (Washington, PA) – For the first time in the history of producing its popular Kentucky Derby Wager Guide, Xpressbet has created an updated, post-draw Wager Guide that is available for free download.  The post-draw Guide features revised analysis and picks from each of the contributors, based on the results of Wednesday evening’s draw, as well as updated workout reports from renowned private clocker, Gary Young, who was at Churchill Downs to watch the contenders prepare for the Derby. This year’s Derby field may be among the best in history, and each of the experts has scoured through past performances, replays and historical stats and trends to identify which contenders and longshots are worth playing. Download your copy today to see which experts are siding with American Pharoah, which are on “Team Dortmund” and if any are picking a horse like Carpe Diem, Mubtaahij, Materiality or International Star to spring the upset.last_img read more

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Harnessing the energy of Africa

first_imgThe African diaspora can be a powerfulforce for change if properly integratedinto continental policy.(Image: Nasa) MEDIA CONTACTS • Ahmed El-Basheer A. El-Madani  AU head of diaspora division  +251 91 301 3145 • Nelson Kgwete  Dept of International Relations  and Cooperation  +27 76 431 3078 RELATED ARTICLES • Building a thriving African brand • SA is Africa’s top nation brand • SA farming skills are sought-after • Giving Zimbabwe’s diaspora a voiceMediaClubSouthAfrica.com reporterThe Global African Diaspora Summit is currently in session in Johannesburg, with top-level gatherings taking place ahead of the main event on Africa Day on 25 May.The event is an initiative of the Addis Ababa-based African Union (AU) and the South African government. It takes place under the theme Towards the Realisation of a United and Integrated Africa and its Diaspora.The summit’s main aim, according to the AU, is to discuss how best to harness skills and energies within the continent and abroad to boost socio-economic development in Africa, and to facilitate innovation and entrepreneurship through sustainable partnerships with the African Diaspora.At a pre-summit gathering held on 23 May to welcome delegates, South Africa’s international relations minister Maite Nkoana-Mashabane said that setting up partnerships with African citizens living off the continent would be a priority outcome for the summit.The strengthening of pan-African solidarity is another important goal that will result in a better life for the continent’s people, said Nkoana-Mashabane.“This is Africa’s effort to reach out to its sons and daughters out there in other parts of the world, to affirm our collective identity and marshal our forces for a better Africa and a better world.”This summit should be just one of the mechanisms adopted in efforts aimed at fostering a dialogue that will create lasting and more sustainable solutions for the continent, said Jerry Matjila, director-general of the Department of International Relations and Cooperation, in his closing speech.“For our part as South Africa, we recommit ourselves to working with all whose ideals and vision is part of what we espouse for the future of this continent, and its diaspora.”Brand South Africa’s CEO Miller Matola too addressed the delegates and reflected on the significance of the event.Harnessing the energy of AfricaAccording to official reports, 64 leaders from African countries, AU organs, and organisations working within the diaspora, will attend the Johannesburg summit. About 500 representatives of government, academia, business and civil society are expected.The date of the event was decided upon at the 18th ordinary session of the AU, held in January 2012, although the endorsement of South Africa as host happened back in 2006, at the organisation’s eighth ordinary session in 2006.AU leaders wish to mobilise African citizens within the continent and in the diaspora, to support the acceleration of the agenda of African integration and development.The decision marked the culmination of a long process of consultations and meetings between the African continent and its diaspora counterparts.In 2003, at the first extraordinary session of AU heads of state, a decision was taken to integrate the African diaspora into the policy framework of the AU.This was done by amending the Constitutive Act, to provide a new article that invites and provides full participation of the African Diaspora as an important part of the continent – although this amendment has not yet come into force.last_img read more

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