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They're called "zombie properties" dilapidated, abandoned and overgrown with weeds because the lending institutions inheriting them through foreclosure fail to maintain them.
February 17 -
Nationally, the overall denial rate on a conventional loan was 12.4%, Zillow found after studying 2013 data lenders reported under the U.S. Housing Mortgage Disclosure Act.
February 17 -
Delinquencies of new commercial mortgage-backed securities finished January at a post-recession low, according to Fitch Ratings.
February 17 -
Essent Group closed out its first full year as a public company in the black, as increased premiums continued to fuel profitability.
February 13 -
Lenders including Bank of America Corp. and Citigroup Inc. are accelerating their sales of soured U.S. mortgages as investment firms compete to buy the debt.
February 13 -
Mortgage professional hiring and new job appointments for the week ending Feb. 13.
February 13 -
Bank repossessions increased in January across South Florida, a welcome sign that more distressed properties are clearing a crowded court system, a new report shows.
February 13 -
About 1,000 servicemembers are eligible to receive more than $123 million from five mortgage service companies as compensation for unlawful home foreclosures, the Justice Department announced.
February 13 -
Amid a growing investor appetite for risk, efforts to standardize private-label securities are key to helping ensure the market's healthy return.
February 12
National Mortgage News -
MountainView Servicing Group is brokering the sale of a multibillion-dollar Freddie Mac and Fannie Mae mortgage servicing rights portfolio.
February 12

