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In yet another borrower dispute of the use of the Mortgage Electronic Registration Systems, a U.S. District court vacated the nonjudicial foreclosure of an Oregon borrower
June 2 -
A letter signed by 163 congressmen urges federal regulators to loosen the definition of a "qualified residential mortgage," allowing single-family loans with low downpayments and private mortgage insurance to be exempt from pending risk retention rules.
June 1 -
Foreclosure starts and sales fell in April after an increase the month prior as servicers continued to struggle with large inventories of delinquent loans and settlement talks with regulators over the robosigning scandal dragged on.
June 1 -
Fannie Mae is telling outside law firms handling defaulted loans in certain states that they must reapply with the GSE and fill out a ‘request for proposal’ if they want to continue working for the company.
June 1 -
Nearly 40 senators have now signed onto a measure urging federal regulators to modify a risk retention proposal and adopt changes that would pave the way for a broad exemption for securitized mortgages that have a low risk of default.
June 1 -
A division of PennyMac Mortgage Investment Trust said it has hired a former top executive from Bank of America to run its fledgling correspondent lending division.
June 1 -
Buyer’s Protection Group has created a new product that combines the services of both a professional home inspection with a 12-month home warranty.
June 1 -
The 30-day-plus delinquency rate for securitized commercial and multifamily mortgages retreated a bit in the wake of the previous month’s unexpected spikes.
June 1 -
A survey conducted by Trulia and RealtyTrac found that a majority of American adults believe a housing recovery will not occur until 2014 or later.
June 1 -
Looking to continue expanding out of the Atlanta market, Weeks Robinson has acquired another industrial property in Dallas as part of the company’s plan for overall growth.
June 1
