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As the national foreclosure crisis continued on unabated this week, the mortgage industry received some sobering news Thursday morning – that bank repossessions reached an all-time high in September as servicers took back a record 102,134 homes.
October 14 -
Rental apartments are the favorite sector for real estate investors, according to an annual survey conducted by the Urban Land Institute and PriceWaterhouseCoopers.
October 14 -
Federal Deposit Insurance Corp. Chairman Sheila Bair said the growing robo-signing scandal was symptomatic of the poor incentives that marred the securitization market, but she opposed a universal freeze on foreclosures.
October 14 -
Radian Guaranty Inc., Philadelphia, has hired its first ever chief franchise officer, a position designed to build and promote the value of the company's mortgage insurance offerings.
October 13 -
The Federal Housing Finance Agency expects servicers working for Fannie Mae and Freddie Mac to review affidavits before any foreclosure action, eviction, or REO sale.
October 13 -
Even though loan brokers have been going out of business in droves the past three years, the wholesale lending channel is alive and well, according to the nation's largest table funder, Wells Fargo & Co.
October 13 -
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The performance of prime residential mortgage-backed securities in Spain looked relatively stable month-to-month in August but the full impact of record high unemployment in the country has not yet taken full effect, according to a Moody’s Investors Service report.
October 13 -
Field Asset Services, a property preservation firm based in Austin, Texas, has become “a household word” with utility companies and municipalities, according to Dale McPherson, president and CEO.Under its utilities services, FAS offers relationship management with the utility provider, billing consolidation, flat-rate billing, and agent and attorney reimbursements.
October 13 -
Attorneys general from 49 states have agreed to coordinate efforts to investigate the nation's foreclosure mess and determine whether servicers violated state laws by cutting corners when filing their paperwork.
October 13
