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Velocity Commercial Capital, better known for lending on distressed commercial property, is behind the latest securitization of single-family rental properties, according to Kroll Bond Rating Agency.
June 23 -
Royal Financial in Chicago has agreed to sell $29.1 million in distressed assets, a deal mandated by a bankruptcy judge as part of the company's acquisition of PNA Bank.
June 22 -
The U.S. Attorney's Office for the Eastern District of California has indicted Robert Farrace of Modesto, Calif., on charges of wire fraud in connection to a short-sale scheme.
June 19 -
Mortgage professional hiring and new job appointments for the week ending June 19.
June 19
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The number of homes classified as serious delinquencies fell 2% from March to April, as industry players continue to use short sales and other techniques, according to the advocacy group Hope Now.
June 19 -
A flood of ex-homeowners may be ready to re-enter the mortgage market over the next five years, according to a TransUnion report.
June 18 -
Radian Group in Philadelphia has agreed to purchase $389 million of its convertible senior notes.
June 18 -
The deal, called New Residential Mortgage Loan Trust 2015-1, is the companys first of the year; it completed three last year.
June 18 -
When the next wave of REO activity hits, it will be heavily influenced by some of the leftover problem loans from the last downturn, as well as new defaults from more recent originations.
June 18
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RealtyTrac reported 126,868 foreclosure filings last month, the highest level of activity in 19 months, driven mainly by bank repossessions and a 5% year-over-year increase in scheduled foreclosure auctions.
June 18
