Proposed FHA Deadline Could Put Servicers in a Bind
The Federal Housing Administration wants to set a hard deadline for servicers to file claims on soured mortgages. Industry executives say it should be manageable unless foreclosures surge again.
Franklin County, Ohio, Foreclosures Drop
The number of foreclosures filed in Franklin County fell again in June, dropping 29% below June of 2014.
Previously Excluded Buyers Returning to Housing Market
Would-be homebuyers who were forced out of the market by short sales and foreclosures are trickling back in again, but that hasn't resulted in stable prices, according to real estate experts.
Prosecutors: 'Squatters' Rented Out Foreclosed Homes in Chicago
The people alleged to have illegally "squatted" in expensive, foreclosed houses in Chicago's Beverly and Morgan Park communities certainly kept up appearances.
People Movers of the Week: July 3
Mortgage professional hiring and new job appointments for the week ending July 3.
Prosecutors Add Counts in Alleged Bay Area Mortgage Scam
State prosecutors added new charges Monday in the case of a former Petaluma real estate agent accused of defrauding dozens of clients across the Bay Area in an alleged mortgage modification scam.
Lawmakers' Inaction Could Put Homeowners in Double Jeopardy
Unless Congress acts before the end of 2015, homeowners who had their mortgage principal reduced in a loan modification or lost their homes through a foreclosure or short sale will find themselves in this position.
Metro Atlanta Home Price Rise Cools Off
Atlanta home prices continued rising through the height of the spring, but at a much slower pace than just a few months ago, according to a much-watched national report.
Housing Distress Recedes in Albuquerque Metro Area
Housing distress continues to recede at a slower pace in the Albuquerque metro area than in the nation as a whole.
CV Holdings Obtains New Financing from Tricadia
CV Holdings agreed to a new financing arrangement with Tricadia Capital Management to expand its business of acquiring and servicing nonperforming loans.
FHA's New Loan Defect Taxonomy Is No Panacea for Enforcement Woes
The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it is not a shield from possible enforcement action by the Department of Justice and other regulators.
Citi Failed Mortgage Monitor Test, Implemented Fix
Citigroup failed one of the monitoring tests performed as part of the national mortgage settlement, according to new reports filed by NMS monitor Joseph A. Smith Jr.
Lehigh Valley Foreclosure Rate Hits Five-Year Low
Local foreclosure rates hit a five-year low in April, but activity still remains higher than the national average at least partially because of a judicial process in Pennsylvania that can keep properties in limbo for nearly two years.
N.J. Man Sentenced to 27 Years of Prison for Timeshare Fraud
A New Jersey man has been sentenced to 27 years in prison for scamming vacation-timeshare customers of $3 million.
Foreclosure Rate Falls in Miami-Dade County
Miami-Dade County's foreclose rate continues to drop as the housing market heals.