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New home sales rose by almost 7% in September to the highest level since June, a sign that the market might be stabilizing.
October 27 -
Residential appraisers should command higher fees now that new regulations will require lenders and appraisal management companies to pay them “customary and reasonable” compensation.
October 27 -
Bank of America Corp. and GMAC Mortgage may be restarting some foreclosures, but this does not mean their legal problems with bad documents are over.
October 27 -
Mortgage bankers relied on MERS to be responsible for all of the documentation used in the home buying process, and as a result few in the industry looked at the paper work after the fact, said Becky Walzak, president and CEO at RJB Walzak Consulting Inc.
October 27 -
The myriad of local rules and practices associated with sheriff’s sales and real estate tax sales often lead to errors in the sales, according to one Allentown, Pa., attorney who wants to help Realtors and other real estate professionals get a better handle on the complexities of these transactions.
October 27 -
A handful of state attorneys general are taking a hard line with mortgage servicers by demanding loan modifications and principal reductions for those borrowers whose rights may have been violated by robo-signing.
October 27 -
An investment banking firm is warning federal regulators that a congressional mandate to stop relying on the credit ratings of Standard & Poor's and other agencies could be disruptive to the MBS market and increase capital requirements for depository institutions.
October 27 -
Even if the GOP gains a chamber in the upcoming federal elections, chances are the Dodd-Frank legislation will not be changed in any substantive way, according to the top lobbyist for the Mortgage Bankers Association.
October 27 -
It's unlikely the government will release its grip on the housing market any time soon, the head of Freddie Mac told residential finance executives and vendors.
October 26 -
Mortgage vendor Default Resource has launched a new asset surveillance report that allows servicers to inspect and oversee the work performed by REO and short sale listing agents.
October 26