The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.
January 17, 2017
Moody's Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation.
The company sued the former director over the debt, which disqualified him from board service.
Foreclosure activity continued to slow in Lee and Collier counties in 2016, following a national trend.
2016 was a record year for the local housing market, both in terms of new home construction and falling foreclosure rates.
Bankers are trying to stop the Consumer Financial Protection Bureau from allowing consumers to rank how companies handle complaints on a one- to five-star scale and to publish narratives of consumer experiences in an online public database.
Mortgage industry hiring and new job appointments for the week ending Jan. 13.
January 13, 2017
Wells Fargo, which lost its status as the world's most valuable lender after a scandal in its retail bank, said profit dropped 5.4% as revenue from its mortgage business declined.
Home foreclosure activity reached a 10-year low across the nation in 2016, but Connecticut didn't have much cause for celebration, a new report shows.
The City of Milwaukee sold 502 tax-foreclosed properties in 2016, exceeding its goal for the year.
January 12, 2017
Former Jefferies LLC managing director Jesse Litvak, on trial for defrauding clients on the price of mortgage bonds, is finally getting to present the evidence that he believes will keep him out of prison testimony from his hand-picked expert witnesses.
Fannie Mae and Freddie Mac have hiked the standard modification benchmark interest rate.
January 12, 2017
Albuquerque ranks poorly among the country's largest cities in how well it has recovered from the Great Recession, according to a new report released by the financial website WalletHub.
The San Antonio-area foreclosure rate dropped last year to one of its lowest levels in the lastdecade, following a nationwide trend as the U.S. economy continues to recover from the housing crisis that began almost a decade ago.
Black Knight Financial Services has integrated its Lien Alert portfolio monitoring tool with its LoanSphere MSP servicing system.
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