Steve Jolly - The REO Expert for Greater Nashville

Foreclosure, Bank-Owned and REO Homes for Sale
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  • Supreme Court Allows State Regulators to Pursue Lenders

    Last week, the Supreme Court upheld the right for state prosecutors to investigate and sue national banks for violations of the Fair Lending Laws.  States can also issue search warrants for their attorneys general to review records, but did not allow them to issue executive subpoenas.  The banks sued on the grounds that ...
    Posted to Steven Jolly (Weblog) by 602095 on July 6, 2009
  • President Signs Foreclosure and Mortgage Fraud Legislation

    President Obama signed housing legislation this week to revamp a government foreclosure prevention program and bolster prosecution of mortgage fraud. The provision that would allow bankruptcy judges to modify loans had been stripped from the bill after complaints from the mortgage industry. Instead the bill focuses on significant changes ...
    Posted to Steven Jolly (Weblog) by 602095 on May 23, 2009