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One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you.
February 9 -
When the financial crisis obliterated South Florida's housing market, the number of foreclosures in Miami skyrocketed.
February 9 -
Ocwen Financial Corp., which agreed with regulators in December to improve its mortgage servicing, sent Nathan Fitzgerald a notice saying his loan was in default. If he didn't send a $2,266 check immediately, Ocwen said, it would foreclose on him.
February 9 -
Protests by community groups and now a public hearing threaten to delay the completion of CIT's acquisition of OneWest Bank. The deal will probably get approved, and it might not get delayed too long, but all those "probablys" and "mights" are what make the proponents of more big M&A queasy.
February 6
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Bank of America Corp., which had been warning investors to avoid U.S. government-backed mortgage securities, reversed its call this week. The reason: oil prices are stabilizing.
February 6 -
Once defined by the size of its foreclosure offerings, the Myrtle Beach, S.C., area real estate market now outperforms both state and national real estate markets in the current rate of foreclosures and the percentage point drop in foreclosures over the past year.
February 6 -
The relationship a loan officer took several months to cultivate can be destroyed by your servicing area in just 10 minutes, affecting potential referrals or future business. Here are a few ways you can avoid that.
February 6
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Two Justice Department lawyers leading an effort to hold financial firms accountable for the mortgage-fed debacle that fueled the Great Recession stopped in to talk strategy in mid-2009 with Jerry Brown, then California's attorney general.
February 6 -
Mortgage professional hiring and new job appointments for the week ending Feb. 6.
February 6
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San Francisco's controller discouraged lawmakers from going forward with a proposal to use the city's eminent-domain powers to help homeowners avoid foreclosure, citing federal limitations and risks to the city's borrowing costs.
February 6
