Servicing news
The foreclosure rate in the San Antonio-New Braunfels metro area fell in September for the 51st month in a row, staying well below the national rate.
Mortgage industry hiring and new job appointments for the week ending Dec. 2.
Steven Mnuchin's confirmation hearing is likely to be dogged by stories of homeowners who claim his bank, OneWest, illegally foreclosed on them. While the stories are unlikely to prevent President-elect Donald Trump's pick from being confirmed, it could weaken Mnuchin politically and rehash grievances from the financial crisis.
Privatizing the government-sponsored enterprises is a priority for Treasury Secretary-designate Steven Mnuchin. Here's a look at what it will take to pull off and the potential implications for the mortgage industry of unwinding the conservatorship.
Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states.
Some banks are set to get a fourth-quarter earnings boost from their MSR portfolios, thanks to a sudden spike in yields on Treasury bonds. Add to that the prospect of further rate hikes and the potential dismantling of Basel III, and more banks could be encouraged to re-enter the servicing business.
Much like President-elect Donald Trump himself, expected Treasury Secretary-designate Steven Mnuchin represents something of a question mark for bankers when it comes to his agenda.
Foreclosure starts dropped to the lowest level recorded since January 2005, according to Black Knight Financial Services.
Mortgage bankers are anxiously waiting to see who President-elect Donald Trump will pick as the next Treasury secretary. Several prominent names have been floated for the job, though with every passing day, a new possible choice seems to pop up. Following is a look at the current crop of candidates and their chances.
FirstKey Mortgage is marketing its fifth portfolio consisting primarily of formerly troubled first-lien residential mortgages that have rebounded to reperforming status.
With the election of Donald Trump in the U.S. and an increasingly isolationist mood pervading European banking regulators, the international Basel III accords that underpinned much of the global post-crisis regulatory framework face an uncertain future.
The continuing delays of Independence Mall's foreclosure auction have left some Wilmington, N.C., area commercial real estate experts surprised at the lengthy process and curious about the mall's future.
Mortgage industry hiring and new job appointments for the week ending Nov. 25.
Maryland has launched a new program that will pay off student loan debt for homebuyers who purchase certain properties through the state.
Cohen Equities of New York has acquired a seven-floor section of the former Strawbridge & Clothier department store building at 801 Market St., the real estate investment firm said in a statement on its website.
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