Walter Investment Names Dixon CEO, O'Brien to Retire
Walter Investment Management has promoted its vice chairman to CEO, after Mark O'Brien said he will retire from that position.
Actor Puts Dramatic Human Face on Foreclosure Crisis in '99 Homes'
Starting with "Man Push Cart," his 2005 debut feature, writer-director Ramin Bahrani has made a career out of socially conscious melodramas by putting a dramatic human face on issues more usually found on editorial pages than entertainment sections.
Service Members Awarded $311M in Foreclosure Settlement
The Justice Department said that members of the military whose properties were wrongfully foreclosed are eligible to receive a total of $311 million in compensation from five large mortgage servicers.
People Movers of the Week: Oct. 2
Mortgage professional hiring and new job appointments for the week ending Oct. 2.
Ohio Man Indicted on Fraud Charges Relating to Mortgage deals
A federal grand jury has charged a Columbus man with fraud, money laundering and tax evasion in connection with his mortgage fix-it business.
Four Sentenced to Federal Prison for Loan Modification Scam
Four people were sentenced to federal prison in a Rancho Cucamonga-based loan modification scam that victimized thousands of "financially distressed homeowners," California Department of Justice officials said.
Palm Beach Mall's Slide Not Simon Property's Fault, Court Rules
The Palm Beach Mall's skylight leaked so badly that the mall rolled out garbage cans to catch the raindrops when they fell inside the property. Air conditioning repairs were put off, and rats ran around the food court.
Orlando Club Slated for Foreclosure Auction
The Parliament House, Orlando's longest-running gay club, is slated to be sold at a foreclosure auction the morning of Nov. 2, according to court records.
Ginnie Mae to Issuers: We Want More Data, Not More Cash
Ginnie Mae's plans to beef up oversight in response to the growth of nonbank issuers in its ranks will emphasize deeper analysis of firms' capital and liquidity positions rather than requiring issuers to maintain larger cash reserves.
Dozens Protest Alleged Banking Fraud in Berks County, Pa.
About 100 people gathered outside the Berks County Services Center recently to protest alleged banking fraud in home foreclosure cases.
'99 Homes' Probes Foreclosure Crisis
In "99 Homes," a movie opening next week about the foreclosure crisis, there's a scene where Rick Carver, a sleazy real estate agent evicting people on behalf of banks, tells his protege, "Don't get emotional about real estate, Nash." Homes "are boxes."
Decline in Delinquencies Reaches Four-Year High
Despite a recent dip, U.S. loan delinquencies are on a steady downward slope, according to Black Knight Financial Services.
Borrower-Servicer Communication Remains Challenging: NFMC
Communication between homeowners and their servicers remains the most frequently reported challenge for housing counselors, the National Foreclosure Mitigation Counseling program said.
People Movers of the Week: Sept. 25
Mortgage professional hiring and new job appointments for the week ending Sept. 25.
Foreclosed Properties Up for Grabs at Upstate N.Y. Property Tax Auction
More than 200 parcels of property seized by St. Lawrence County, N.Y., for unpaid property taxes are scheduled to be sold to the highest bidder during the county's annual property auction Oct. 3.