Foreclosures

Communication between homeowners and their servicers remains the most frequently reported challenge for housing counselors, the National Foreclosure Mitigation Counseling program said.

A Fair Housing Act lawsuit allowed to stand against a lender degrees removed from the alleged injury is one example of how broadly defined discrimination laws will open an abyss of litigation.

From due diligence and portfolio analysis to strategies for compliance and raising capital, the rapidly-evolving market for buying and selling distressed mortgage assets has created both challenges and opportunities for investors, servicers and portfolio managers.

Michaelson, Connor & Boul has formed a consulting division related to Federal Housing Administration loan portfolios, after it lost a management contract for REO properties.

Ginnie Mae may soon raise its liquidity and cash requirements for independent mortgage banking firms since it seems almost certain that Congress won't increase the agency's budget for fiscal year 2016.

Loan modifications, short sales and other mortgage workouts outpaced the total number of foreclosure sales in July, according to the Hope Now alliance.

The percentage of residential properties with negative equity fell to the single digits in the second quarter, according to CoreLogic.

The free market wouldn't plop down a trailer park just a few miles from downtown San Jose. At least not today, in a sharply spiking housing market that has made the metropolitan area one of the most expensive in the U.S.

Commercial real estate investment firm Case Real Estate Capital has purchase two nonperforming senior notes for $20.5 million.