People Movers of the Week: Oct. 9
Mortgage professional hiring and new job appointments for the week ending Oct. 9.
Fannie Mae Selling $1.2B of Nonperforming Loans
Fannie Mae is selling $1.2 billion worth of nonperforming loans, in an attempt to give borrowers other options besides foreclosure.
'99 Homes' Takes the Housing Bubble and Bursts It
In the taut housing-bubble muckraker "99 Homes," foreclosed homeowners deface a residence with raw sewage, and write "kill bankers" on the wall.
'Zombie' Homes Less Plentiful in Central Florida
Central Florida's ranks of empty, foreclosed houses are seemingly coming back to life with new buyers and rehabbers but the region still ranked in the Top 10 nationally for "zombie" foreclosures.
Foreclosures Plummet in Columbus, Ohio
Franklin County, Ohio, foreclosures continue to drop as the economy churns along, according to figures by Franklin County Clerk Maryellen O'Shaughnessy.
Late Payments on Home Equity Loans Hit Postcrisis Low
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.
Lone Star-Backed Lender Faces Probe by N.Y. Attorney General
A lender backed by private equity firm Lone Star Funds is under scrutiny by New York Attorney General Eric Schneiderman amid union allegations it may be using predatory practices in its mortgage business.
B of A Scores Another Win for Second Liens
Bank of America is getting some more mileage out of its Supreme Court victory in June.
To Meet Investor Demands, Servicers Must Customize REO Strategies
Investor expectations for preparing real estate owned properties for conveyance vary wildly and demand a tailored approach from servicers.
Monroe County, Pa., Foreclosure Bubble Suppresses Home Prices
A recent trend in foreclosures might be eroding the value of homes in Monroe County.
Small Buyers Chip Away at Mountain of Distressed GSE Loans
Fannie Mae and Freddie Mac have put billions of dollars' worth of distressed mortgage assets up for sale this year, but small buyers acquiring carve-outs of these offerings are driving activity in this niche market.
Florida Lags in Disbursing Foreclosure Aid: Federal Report
Florida, long ranked as the top state for foreclosures, has the country's worst rate of disbursing $1 billion in federal foreclosure-relief funds, according to a new report by a federal enforcement agency.
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.