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Springleaf Finance Corp., the subprime lender that’s been raising cash to repay maturing debt by packaging older mortgages into bonds, plans to sell $787 million of home-loan securities.
October 17 -
With millions of homes currently foreclosed upon nationwide, there is potentially a second foreclosure crisis looming that could deteriorate the housing industry even more: the tax lien sale.
October 17 -
A Virginia businessman who participated in an elaborate fraud scheme that led to Bank of Commonwealth’s collapse has been sentenced to 14 years in federal prison.
October 17 -
Lender Processing Services has reached a settlement with the Delaware attorney general related to the state’s investigation of robo-signing practices by the company’s subsidiary DocX.
October 17 -
Commercial real estate finance company iStar Financial has obtained a $1.82 billion senior secured credit facility.
October 16 -
Steven R. Hinz pleaded guilty Oct. 12 to tax fraud and mortgage fraud charges in Cleveland federal court, according to the Justice Department and Internal Revenue Service.
October 15 -
National Credit Union Association examiners in 2013 will continue to focus on issues that have been a priority the last two years: general credit risk and interest rate risk from the increasing number of mortgages being booked by credit unions.
October 15 -
Keefe, Bruyette & Woods expects the next round of mortgage real estate investment trust earnings to be lower than the previous quarter’s, but believes book values will be higher.
October 15 -
The American Civil Liberties Union sued Morgan Stanley for racial discrimination in allegedly pushing predatory loans that were likely to be foreclosed upon towards black homeowners.
October 15 -
No one imagined we would have so much government intervention or that losses and foreclosures would hit such unbelievably high levels.
October 15
LenderLive Network -
Analytics have uncovered what seems to be a counterintuitive trend among Texas-based loans in seasoned private-label residential mortgage-backed securities.
October 15 -
Historically, software integrations between companies has only been available to larger lenders due to the high costs of development and implementing integration solutions.
October 13 -
Wells Fargo will begin putting more residential loans on its balance sheet, foregoing immediate gain-on-sale income.
October 12 -
Alleviating liability and loss in the REO process is one of the crucial components of successful property management.
October 11
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The U.S. deficit is growing so large that the nation is heading toward a “bang moment,” said Barry Habib, chief market strategist for Residential Finance Corp.
October 11 -
The qualified residential mortgage rule that determines which privately issued mortgages are subject to risk retention has been on the regulatory backburner for months and may even be repealed.
October 11 -
The Federal Trade Commission is continuing a government crackdown on mortgage relief scams, filing three new lawsuits in different states this week.
October 11 -
Residential Capital asked a court to reconsider its proposal to pay bonuses of as much as $7 million to 17 senior executives.
October 10 -
Greenfield Partners started a business providing European commercial real estate loan servicing in partnership with Raith Capital Partners.
October 10















