A limited supply of properties available to purchase on the open market continues to affect prices in many of the nations largest counties.
Ronald Hurst will serve two years in prison for conspiring to commit bribery and wire fraud in a scam that affected the U.S. Department of Veterans Affairs Mortgage Guarantee Program.
The percentage of disposable income that consumers need to make to cover the interest on their debts reached a record low.
The bulk of residential mortgaged properties that have equity are high end homes valued for more than $200,000.
At least two bank-owned commercial loans were recently sold at a significant premium indicating recent price gains will help banks cut more losses in the near future.
Rapid home value appreciation, particularly in California, is currently having a very positive effect on the Zillow Market Health Index score.
Single-family rental securitization prospects look brighter to supporters who find the REO-to-rental trend has evolved enough to bode well for a new wave in 2014, but analysts warn of unique new investor risks.
Foreclosure filings continued to fall in November, due in large part to the fewest amount of homeowners starting the process since December 2005.
The Jacksonville, Fla.-based company will give the FDIC $24 million in cash and a $24 million promissory note to terminate loss-sharing agreements related to its Bank of Florida acquisition.
The firm has entered into a definitive agreement with an undisclosed national depository to acquire a pool of mortgage servicing rights backed by Fannie Mae.
A more mature bank-owned foreclosure-to-rental property market is attracting a different type of investor into this new reality and likely changing how business will be done in 2014, an insider says.
Gov. Andrew Cuomo is proposing regulations that expand mortgage relief options available to homeowners who owe more than the current market value of their homes and share benefits with investors.
More than 1,800 financially distressed homeowners lost a total of at least $12 million in fees they paid the Rodis Law Group and Americas Law Group.
The typical seasonal pattern is for bad loans to increase because of tight finances as a result of holiday spending.
The city of Los Angeles is seeking damages for reduced property tax revenue and the costs of maintaining foreclosed properties, the complaint says.