Economy

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.

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.

After struggling for years to build a hotel plaza across from the new 49ers stadium, Joe Montana is teaming up with an experienced and wealthy developer that already has its sights set on Santa Clara.

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.

Concentrate on only four or five of these items that you think are important to your attendees and your area of the country. f these suggestions to give your

The Inland Empire is the key to the future of Southern California and the region's middle class, an economic and social commentator said.

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.

Lending standards loosened slightly in January, according to the Mortgage Bankers Association.

As New York City Mayor Bill de Blasio continues to ramp up his affordable housing plan, one of the main financial engines of the initiative has set out to match the challenge for a second year running.

One of the first housing-related items on the budget is continued support for industry regulation, in general, and the CFPB, in particular.

Are those you have personal, professional and business relationships with worthy of your support?

RealtyTrac says that nearly 84% of all homes in Horry County, S.C., could qualify for one or more of seven down payment assistance programs that will help homebuyers in households with up to a $76,020 annual income to buy a home worth as much as $271,050.

Homeowners who refinanced their mortgages last year should have some extra coin in their pockets this year: $5 billion worth of saved interest in the first 12 months.

Mortgage rates declined, remaining at the lowest levels in more than 20 months.

The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.

In an interview, FHFA Director Mel Watt said there needs to be greater clarity to ensure some entities aren't taking improper advantage of Federal Home Loan Bank membership.

Dan Sparks helped Goldman Sachs Group Inc. profit from its bets against subprime mortgages. Now he's expanding credit to Americans hurt when those types of loans soured and the housing market collapsed.

Fannie Mae and Freddie Mac's overseer wants to allow debt cuts for a narrow group of borrowers who owe more than their homes are worth.

New-home construction was sluggish in Palm Beach County last year with builders breaking ground on 2,132 new homes, a meager 3% gain from 2013.

Deval, a loan servicing company in Dallas, has received its Freddie Mac servicer approval.