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  •   TNP Strategic Retail Trust Welcomes Two New Tenants at Northgate Plaza in Tucson, Arizona
TNP Strategic Retail Trust, Inc. (the "Company"), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties in the western United States, signed lease agreements with two prominent retailers at Northgate Plaza Shopping Center in Tucson, Arizona.
TNP Strategic Retail Trust, Inc.,Jill Swartz,Irvine Calif.  09/02/2010

  •   Suntrust Announces Final Results of Tender Offer
SunTrust Banks, Inc. (NYSE: STI) announced today the final results of SunTrust Bank's cash tender offer (the "Tender Offer") to purchase up to $750,000,000 aggregate principal amount (the "Maximum Tender Amount") of certain of its currently outstanding subordinated debt securities (the "Notes"). The Tender Offer expired at 11:59 p.m., New York City time, on August 20, 2010.
Suntrust Mortgage, Inc.,Mike McCoy,Atlanta   09/02/2010

  •   Mortgage Fraud Cases Jump 55%
A big surge in the number of active mortgage fraud cases helped push the Second Quarter 2010 FraudBlogger.com Index higher. The heavier caseload follows increased efforts by the Obama administration to prosecute mortgage crimes.
MortgageDaily.com,Sam Garcia,Dallas   09/02/2010

  •   Hagens Berman Files Class-Action Suit Against Aurora Loan Services LLC
A group of homeowners today filed a class-action lawsuit against Aurora Loan Services LLC, claiming the mortgage company duped them into paying tens of thousands of dollars each to have troubled mortgages reviewed by the company with promises of loan modifications, only to have their property foreclosed with little or no notice.
Hagens Berman Sobol Shapiro LLP,Mark Firmani,San Jose Calif.  09/02/2010

  •   Bernanke: U.S. regulators fell short before financial crisis
U.S. regulators fell short in using their powers “forcefully or effectively” to stop risky practices by banks and were “slow to identify and address abuses” in subprime mortgage lending before the financial crisis, Federal Reserve Chairman Ben S. Bernanke said in prepared remarks. In testimony delivered Thursday before a Congressionally appointed committee investigating the financial crisis, [...]
MortgageLatestNews,Admin,   09/02/2010

  •   Fannie Mae gets tougher on mortgage servicers
Fannie Mae (FNMA.OB), the largest provider of funding for U.S. residential mortgages, will begin demanding compensation from mortgage servicing companies that fail to properly handle troubled mortgage loans, the company announced late on Tuesday. The government-controlled company also said it may begin conducting reviews of loan files, processes and procedures used by the servicers, in another [...]
MortgageLatestNews,Admin,   09/02/2010