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Stewart Lender Services, a subsidiary of Stewart Title Co., has created a boutique asset management and disposition solution model that offers REO services for community banks.
August 10 -
Farmer Mac reported net income of $5 million in the second quarter, more than double the $2 million net profit recorded the same period last year, as it saw increased net interest income earned on a higher level of business volume plus releases from its allowance for loan losses.
August 10 -
Spurs Capital is coming to market with two small loan pools: a $25 million package of performing/sub-performing product, and $20 million worth of nonperforming mortgages.
August 10 -
RealtyTrac has launched a new Web-based foreclosure data search and download tool that creates lists of default, auction and REO records.
August 10 -
The Obama administration is seeking ideas from market participants on how Fannie Mae, Freddie Mac and FHA can employ bulk sales of foreclosed homes, turning these units into rentals that will help stabilize local housing markets.
August 10 -
As part of a joint purchase, Hudson Realty Capital has acquired a portfolio of 97 acquisition, development and construction loans from the Federal Deposit Insurance Corp. through its Small Investor Program structured sale.
August 10 -
The huge sell-off in the stock market on Aug. 4 capped a week of declines in the Dow Jones Industrial Average which in turn helped to push the average contract rate on the 30-year fixed-rate mortgage down another 8 basis points that week.
August 10 -
With Bank of America dangerously weighed down by costly acquisitions, its longstanding contention that it could jettison its troubled mortgage unit Countrywide must hold considerable appeal within the company's executive offices.
August 10 -
Bank of America is trying to sell a $10 billion chunk of Freddie Mac mortgage servicing rights, after failing to unload a larger $50 billion package of MSRs, according to industry officials.
August 10 -
Citigroup on Tuesday afternoon revealed that it recently hired Mark Danahy to head its residential origination division, which ranks among the top five in the nation.
August 9
