Servicing news
The state has received $3.3 million as part of a court settlement to help with legal assistance on foreclosure cases.
Incenter Mortgage Advisors is brokering the sale of a $1.4 billion Fannie Mae and Freddie Mac bulk residential mortgage servicing rights portfolio.
A Twin Cities start-up construction company is launching an effort to fill hundreds of vacant lots in north Minneapolis -- remnants of the city's predatory lending and foreclosure crisis -- with factory-built homes that will be made and sold for far less than the cost of an average new house today.
Mortgage professional hiring and new job appointments for the week ending May 27.
New Jersey Community Capital, a nonprofit community development financial institution, made the winning bid for Fannie Mae's third "community impact pool" of nonperforming loans.
The Federal Housing Administration's loan sales are drawing more attention after a recent critical report said it was resulting in vulnerable borrowers losing their homes.
Foreclosure activity continued to die out in Southwest Florida last month, but zombie properties still haunt the real estate market.
Mortgage foreclosure and delinquency rates in the Colorado Springs area fell in March to the lowest level in the more than seven years that real-estate data provider CoreLogic Inc. has been compiling information.
Wells Fargo & Co. agreed to pay a $70 million penalty in ending the bank’s five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.
With the nominees likely clear for the Republican and Democratic presidential tickets, speculation has turned to whom Donald Trump and Hillary Clinton could pick as their running mates. A number of those names mentioned are key figures on financial policy. Following are some of the top possible picks.
The number of U.S. houses left vacant because of foreclosure was down at the start of the second quarter compared with the same period last year. But New Jersey's share of these so-called zombies continues to be tops in the nation.
The zombies are being vanquished.
Foreclosure starts dropped nearly 17% from a year earlier last month, falling to their lowest level in a decade, according to Black Knight Financial Services.
Increased mortgage borrowing was behind a 1.1% rise in U.S. household debt in the first quarter, with slowdowns in other areas such as credit-card balances and auto loans, according to the Federal Reserve Bank of New York
Home values in hot areas of Chicago's North Side have fully recovered from the housing crash, but homeowners in other city neighborhoods and Cook County's suburbs continue to hold homes with values far below their pre-housing crash peaks.
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