Foreclosures

Altisource has set its sights on the real estate services market with two acquisitions that will dramatically grow its business in this area.

Bank mortgage servicers suffered bigger loan losses in three high foreclosure states than their nonbank counterparts, a Moody's Investors Service report suggests.

National foreclosure inventory fell to 470,000, or 1.2% of all mortgaged homes in August, compared with 629,000, or 1.6% of all mortgaged homes in August 2014, CoreLogic reported Tuesday.

Fannie Mae is selling $1.2 billion worth of nonperforming loans, in an attempt to give borrowers other options besides foreclosure.

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

Investor expectations for preparing real estate owned properties for conveyance vary wildly and demand a tailored approach from servicers.

Fannie Mae and Freddie Mac have put billions of dollars' worth of distressed mortgage assets up for sale this year, but small buyers acquiring carve-outs of these offerings are driving activity in this niche market.

The Justice Department said that members of the military whose properties were wrongfully foreclosed are eligible to receive a total of $311 million in compensation from five large mortgage servicers.

Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She's the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis.

Despite a recent dip, U.S. loan delinquencies are on a steady downward slope, according to Black Knight Financial Services.