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FinCEN said an increase or decrease in SAR filings is not necessarily indicative of whether there is more or less mortgage loan fraud activities taking place nationwide.
July 3
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Both the California Assembly and Senate approved the Foreclosure Reduction Act that provides protections for homeowners as well as reforms to the mortgage and foreclosure process.
July 3
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The Federal Housing Finance Agency said that the winning bidders have been selected in Fannie Mae’s first bulk sale offering through the REO-to-rental pilot initiative.
July 3
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The prolonged recovery is simultaneously keeping up the demand for mortgage counseling and the foreclosure prevention assistance supply provided by the mortgage industry. What keeps coming up short in the exchange is borrower trust.
July 2 -
If you think there couldn't possibly be yet another new requirement facing servicers, think again.
July 2
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The crisis in mortgage lending and the anger that followed the robo-signing scandal has become a crisis of paper.
July 2 -
Some friends and I recently decided to do a "staycation" in Scottsdale, Ariz. The experience was horrendous, but they taught me several valuable lessons about our industry.
July 2
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CMBS loans that are at least 30 or more days late in payment or in foreclosure jumped 12 basis points month-over-month to 10.16%, surpassing the previous record-high in May.
July 2 -
House prices rose 1.8% in May as the CoreLogic house price index registered its third consecutive monthly increase this spring, and its new pending HPI is indicating that prices will rise another 1.4% from May to June.
July 2 -
EverBank Financial Corp. is buying Business Property Lending Inc. from GE Capital Real Estate North America for $2.51 billion cash.
July 2
