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Bank of America on Tuesday agreed to donate up to 100 vacant properties to a Cleveland area land use bank in a program similar to earlier ones in Detroit and Chicago.

Freddie Mac said late Tuesday it has begun providing expanded disclosures on its multifamily loan portfolio and also improved access to information about its K certificate securities.

Kinecta Federal Credit Union, Manhattan Beach, Calif., said as of Tuesday afternoon it had become the only approved CU in California to offer Fannie Mae's HomePath mortgages along with additional incentives temporarily available.

It's like running on a treadmill. When tackling their backlogs in mortgage loss mitigation, a lot of lenders are expending a lot of effort to end up no further down the path than where they started.Frustrating? Absolutely. Costly? You bet.

Home remodeling contractors' survey finds recent federal regulation is causing "a significant increase in the cost" of remodeling projects nationwide.

Two key lessons from the lengthy details of two mortgage securities-related regulatory settlements seen in the past week boil down to this first, don’t leave anything out and secondly, stick to the facts.

May home sales in Massachusetts dropped more than 25% from the prior year but median prices increased after five months of decreases, according to The Warren Group.

The American Bankers Association believes the role of the GSEs and FHA in the mortgage market should be gradually reduced so that 60% of home financing comes from the private sector with “no government aid.”

NovaStar Financial Inc., Kansas City, Mo., has completed its recapitalization program as its Series C Cumulative Redeemable Preferred Stock has been exchanged for nearly 44 million newly issued shares of its common stock and $1.6 million in cash.

WASHINGTON–A top credit union executive urged Congress this morning to retain a government role in the secondary mortgage market, lest credit unions and other mortgage lenders be left at the mercy of a privatized secondary market dominated by a handful of bank giants.