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Soaring Pine Capital has provided a senior secured credit facility to Park Street Group Realty Services to fund the company's acquisition of residential properties in the Detroit area.
November 22 -
Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other financial services in minority neighborhoods.
November 17 -
The default rates for first and second mortgages rose prior to the presidential election, according to Standard & Poor's and Experian.
November 15 -
For the first time, the Department of Housing and Urban Development is selling notes secured by unoccupied one-to-four homes where the last surviving reverse mortgage borrower died.
November 14 -
PHH Corp. has agreed to pay a $28 million fine to the New York Department of Financial Services to settle allegations its servicing and origination units mistreated borrowers.
November 9 -
U.S. Supreme Court justices signaled they may divide over the ability of cities to use the Fair Housing Act to sue banks for discriminatory lending practices that contribute to urban blight.
November 8 -
The number of seriously delinquent mortgages declined 24.8% in September from one year prior, as the number of loans more than 90 days late is at its lowest since August 2007, according to CoreLogic.
November 8 -
A post-crisis spike in foreclosures, the Deepwater Horizon oil spill and recent flooding in Louisiana all shaped the terms and timing of a bank deal struck in Florida.
November 7 -
Millions of consumers' credit reports will no longer reflect past mortgage problems, which could open up borrowing opportunities for many of them.
October 27 -
Ocwen Financial Corp. posted a quarterly profit for the first time since 2015.
October 27