The transaction boosts InterLinc's origination operations in Alabama.
The GSEs reported big profits for 2013 but even the companies' executives question the sustainability of those earnings.
Wipro Gallagher Solutions announced its NetOxygen loan origination system has added an integration with mortgage technology developer Optimal Blue's product and pricing engine.
The demolitions in this Michigan city of about 100,000 people are part of the stepped up efforts by officials in several Midwestern states to rid their blighted neighborhoods of decayed housing that's depressing prices.
Bruce Berkowitz, the money manager battling the U.S. government over the future of Fannie Mae and Freddie Mac, is calling on the boards of the mortgage-finance giants to build capital instead of turning over their profits to Treasury now that they've returned to profitability.
Two of the three major nonbank servicers are sticking by plans to acquire portfolios from banks this year, in spite of regulatory scrutiny and concern they are growing too fast.
Woodward Asset Capital has started a real estate brokerage brand catering specifically to property sellers, including banks and mortgage servicers unloading foreclosed homes.
The Conference of State Bank Supervisors named Robert Niemi the new ombudsman of the National Mortgage Licensing System and Registry.
Contracts to purchase previously owned homes rose less than forecast in January, adding to signs housing was weakening in early 2014.
Capital One Financial Corp., the bank that gets more than half of its revenue from credit cards, received subpoenas and information requests from U.S. authorities investigating mortgage fraud.
Government mortgage programs for this country's more than six million Native people are accelerating home loan credit access to this underserved group of people. But seemingly intractable housing problems endure.
First Horizon National has reached an agreement with Freddie Mac related to home loans originated and sold to the government-sponsored entity between 2000 and 2008.
The National Fair Housing Alliance is accelerating efforts to force mortgage lenders, servicers and trustees to do a better job of maintaining foreclosed properties in minority neighborhoods.
Real estate mortgage investment conduit rules generally discourage non-distressed securitized loan sales, but SN Servicing says it had reasons to sell some at a loss in this 2002 scratch-and-dent deal.
Business contingency plans kept originators and vendors humming along at almost normal during the January and February blizzards.