Ocwen Financial will close a call center in Houston as the mortgage servicer continues to downsize.
Freddie Mac auctioned off 1,052 delinquent nonperforming loans serviced by Ocwen on May 21 as part of its Standard Pool Offerings.
Eight years after the bottom fell out of the housing market, investment giants including BlackRock are facing off against small hedge funds over the detritus of the subprime era.
Detroit is among the top five areas for returns on home flipping, a sign that there are not enough move-in ready or newly constructed homes for buyers, according to a report from RealtyTrac.
The number of El Paso homes in some stage of foreclosure in April decreased 38% from March, but increased 37% from April 2014, according to RealtyTrac, a California company that tracks foreclosures nationwide.
In the wake of recent court rulings upholding homeowners associations' "super lien" status in foreclosures, mortgage vendors have flooded the market with products to help servicers and investors manage this long-standing threat.
Total foreclosure filings were down year-over-year in Florida, according to a report released by RealtyTrac.
The City of Milwaukee is no longer accepting applications for a popular perhaps too popular home improvement loan program.
Mortgage professional hiring and new job appointments for the week ending May 22.
Just as the Orlando-area housing market has tightened with a slim inventory of home listings, banks have started selling more foreclosed houses, a new report shows.
Driven by an uptick in bank repossessions and auction sales, foreclosure filings in Ventura County, Calif., jumped nearly 20% in April from where they were a year ago, market researcher RealtyTrac reported Thursday.
Mortgage bankers facing new demands on their businesses are becoming increasingly interested in new sources of liquidity, particularly through mortgage servicing rights financing vehicles.
Home foreclosures kept Connecticut near the top of RealtyTrac's most troubled states for months, but those problems are easing significantly, a new report Thursday shows.
It's no crown any state wears with pride, but sadly Florida has been a repeat winner in RealtyTrac's foreclosure ranks and it remained in the top spot last month.
Nonbank servicers selling and buying Fannie and Freddie MSRs must meet new capital and liquidity requirement to transfer servicing.