Redwood Trust, which sold $424 million of mortgage-backed securities at spreads of 190 basis points, was the big gainer among mortgage stocks on Friday.
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.
Through the first quarter, foreclosure starts fell 27% year-over-year while single-family building permits were up by 27%, according to data obtained by RealtyTrac from the Department of Housing and Urban Development.
The defendants marketed their national businesses as purchasers of distressed real estate where vulnerable homeowners could avoid foreclosure and the accompanying negative effects on their credit.
Foreclosure starts jumped during the first quarter but slowed considerably in March.
Persistent economic concerns will slow down the pace of recent commercial real estate performance improvements, according to Moody's.
April home sales for Southern California sold at the fastest pace in seven years due to high levels of investor purchases and a strong demand for move-up housing units..
Lender Processing Services has launched its Workout Interaction Tool.
Private mortgage insurers MGIC Investment Corp. and Radian Group Inc. continued their bullish run.
Lender Processing Services has agreed to pay $14 million to settle claims the company deceived investors about its business practices.
To better serve the needs of homeowners in New York SafeGuard Credit Counseling Services is using the IndiSoft RxOffice Premium Counselor Edition platform.
Prudential California Realty has been selected as the first member of the RealtyTrac Network, a licensed network available to independent and franchised brokerage companies across the country.
GTJ Consulting decided to utilize SecureView on all of the vacant firehouses to not only help the properties sell for a high price, but also avoid blighting the affected neighborhood.
1st Mariner Bancorp saw its mortgage origination volume increase 56% in the first quarter on a year-over-year basis.
Mortgage fraud is a problem that servicers and lenders have dealt with for a long time and it does not seem to be going away anytime soon