Real Estate News – June 4, 2012
A notice published this week announcing that the home of former Tennessee Titans running back Eddie George and his wife, Tamara, will be auctioned June 7 took the Georges by surprise, according to an accountant who has been trying to get a loan modification for the couple (via freep.com): http://ow.ly/bmtQz SunTrust Mortgage Inc. will pay $21 million to settle a suit accusing it of inflating loan prices to lenders solely because they were Latino or African American. The agreement was the second-largest fair lending settlement ever by the U.S. Department of Justice Brookfield Asset Management, looking to raise a giant global opportunity real-estate fund in a brutal fundraising environment, is off to a good start with $2 billion at its first close, according to a filing with the Securities and Exchange Commission (via blogs.wsj.com): http://ow.ly/bmulM
In a decision that could have a significant effect on the fees that consumers pay in real estate transactions, the U.S. Supreme Court has ruled that “unearned” fees charged by lenders and other service providers do not violate federal law as long as they are not split with anyone else (via latimes.com): http://ow.ly/bmtJc
(via foxnews.com): http://ow.ly/bmtZZ