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The share of homeowners who owe more than their house is worth remains above 10% nationwide, according to data from Zillow's second quarter Negative Equity Report.
August 18 -
Macy's decision to shutter another 100 of its department stores could impair some $3.64 billion of securitized commercial mortgages, according to Morningstar Credit Ratings.
August 17 -
A federal appeals court said an older version of a Nevada law that stripped lenders of their first deed of trust when a homeowners' association forecloses on a property is unconstitutional.
August 17 -
Ditech Financial will lay off nearly 80 employees in Georgia as it closes an office in the Atlanta metropolitan area.
August 17 -
A former Deutsche Bank trader agreed to settle a U.S. regulator's allegations that he mis-marked loans tied to commercial-mortgage-backed securities to boost his profits.
August 17 -
LM Funding swung to a net loss from last year amidst ballooning expenses and lower interest income from delinquent association fees.
August 16 -
Servicers got what they asked for when the Consumer Financial Protection Bureau limited the specificity of certain requirements in its final servicing rule. Now they may regret it.
August 16 -
Fannie Mae is prepping servicers to handle the issues homeowners may face in the wake of severe flooding across Louisiana.
August 16 -
Mortgage portfolio retention strategies typically focus on proactively approaching borrowers who can benefit from refinancing. But companies are increasingly using enhanced analytics to further segment their customer base and identify borrowers on the cusp of buying a new home.
August 15 -
Mortgage industry hiring and new job appointments for the week ending Aug. 12.
August 12