In September 2014, the Consumer Financial Protection Bureau (CFPB) fined Flagstar Bank. The fine was fo over $37M. The reason for the fine was for not assisting borrowers with foreclosure relief in a timely manner. The bank will return $27.5M to borrowers and pay a fine of $10M. The CFPB has made serious statements […]
Union Bank is a regional bank that is almost 150 years old. In July of 2014, Union Bank changed their name to MUFG Union Bank. The new Union Bank is now an international bank and a member of Mitsubishi UFJ Financial Group with assets of $2.5 trillion dollars. The companies headquarters are located in New […]
PennyMac is a national originator and servicer of mortgage loans. PennyMac offers both traditional and non-traditional loan products to individual homeowners. PennyMac was founded in 2008 by a group of mortgage industry professionals. In addition to originating new mortgage loans, PennyMac purchases loans from banks and lenders. Often these mortgages are in trouble and PennyMac […]
Citibank is a financial name that needs no introduction. Citibank is a global banking company with over 3,700 branches in 36 countries. Citibank is the third largest bank holding company in the United States. Citibank’s mortgage operations are managed by Citimortgage. Citibank foreclosure properties are featured on a specific website created by Citimortgage. The site features properties that are for sale by CitiMortgage. CitiMortgage uses local real estate agents to market their available properties. Read more in this article about CitiMortgage foreclosure properties.
BBVA Compass is a large regional bank. BBVA Compass operates over 680 branches in the sunbelt states and has some foreclosure holding from their mortgage business. BBVA Compass Bank utilizes the services of local real estate agents in helping to sell foreclosure properties. The agent, acting as a local listing broker, will list BBVA Compass Bank properties in the local MLS system. For information about the properties, buyers can contact the local listing agent or utilize their own agent (known as a buyer’s agent). BBVA Compass Bank has developed a website online that provides details on their foreclosed properties. Read this article to learn more about BBVA Compass foreclosure properties.
Regions Bank utilizes local real estate brokers to assist in selling properties when they’re foreclosed. Regions services multiple markets across the southeast United States. Regions is generally in the top one or two lenders in the markets that it serves. Regions Bank lists properties on the local MLS system and makes them available for sale to potential buyers on the open real estate market. Read this article to learn more about where to find details on foreclosures owned by Regions Bank.
Olympus Asset Management is a management company that specializes in selling foreclosed properties for corporate owners who have foreclosed on a home. Olympus is an outsourcer and is not the owner of the property but working on behalf of the mortgage company to sell the property. When researching foreclosure listings online, be sure to look at properties represented by Olympus Asset Management. Properties are available in many states. Learn more about Olympus Asset Management by reading this article.