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Alan David Tikal is facing charges that he bilked more than 1,000 homeowners in a multi-state, multimillion-dollar mortgage scam.
October 4
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Berkshire Hathaway’s interest in Residential Capital Corp. is beginning to waver, according to advisors and others close to the transaction.
October 4 -
Timothy Buzby has been promoted to president and chief executive of Farmer Mac, replacing Michael Gerber.
October 4 -
Independent mortgage servicers are poised for explosive growth as litigation, new capital rules and risk weighting push traditional banks out of the business, said Wilbur Ross.
October 4
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Average fixed mortgage rates saw their record lows get lower for the second consecutive week.
October 4 -
According to new figures compiled by CoreLogic, roughly 57,000 homes were lost to foreclosure during the month, compared to 58,000 the previous month.
October 4 -
In September, commercial real estate loans in CMBS that were delinquent by at least 30 days or in foreclosure fell 14 basis points from the previous month to 9.99%.
October 3 -
KBW said real estate investors interested in acquiring bank-owned properties have raised anywhere from $6 to $8 billion, enough to acquire 40,000 to 80,000 homes.
October 3
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Is Wilbur Ross' exit from mortgage banking a sign that residential lending profits have peaked?
October 3
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Ocwen Financial Corp. disclosed that it has agreed to buy Homeward Residential Holdings and all its mortgage affiliates.
October 3
