The Federal Housing Finance Agency released a set of new rules for the sale of troubled mortgages by Fannie Mae and Freddie Mac.
The great American refinancing boom of 2015 is turning out to be greatly exaggerated.
The 25-unit apartment building that hugs a corner in Chicago's West Garfield Park neighborhood failed almost 50 inspections during a nine-year period. In late January, the building and its owner landed on the city's first list of "problem" landlords.
Five years ago, at the height of the Great Recession, Vicki Misenheimer received a seemingly innocent call from her boss that would change the direction of her life.
Embattled mortgage servicer Ocwen Financial faces up to $26 billion in damage claims by bondholders and a greater risk of being fired as a mortgage servicer on thousands of small, private-label trusts.
Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, slumped the most in more than a month after receiving notices that it was being fired from overseeing debt backing two bond deals.
New Residential Investment Corp. posted net income of $54 million in the fourth quarter, as the company gears up to close its acquisition of Home Loan Servicing Solutions.
Mortgage professional hiring and new job appointments for the week ending Feb. 27.
An extensive mortgage fraud ring that capitalized on unsophisticated home buyers and ripped off financial institutions for millions in fraudulent loans came to an end Wednesday when the last of the principals, George Kubini of Penn Hills, admitted his guilt before a U.S. judge.
House flippers are slowing down in Las Vegas and making less money than investors nationally, but they're still doing plenty of deals here and booking strong profits, a new report shows.
Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, is being fired from overseeing debt backing two bond deals, according to notices sent to bondholders.
The scorecard compares issuers operational strength and skill in managing delinquent loans with those of their peers.
The rate of delinquencies of 90 days or more has trended downward since 2009, but servicing costs have generally been rising, according to the Mortgage Bankers Association. That is not the way it used to work.
Nationstar Mortgage Holdings managed to improve its annual results despite a sharp decrease in income during the fourth quarter.
Walter Investment Management Corp. revealed in both its fourth-quarter earnings release and a separate annual report filing with the SEC a potential settlement regarding a FTC and CFPB investigation into its Green Tree subsidiarys servicing practices.