Foreclosures

The percentage of foreclosed mortgages reached its lowest point in nine years, according to Black Knight Financial Services.

China Oceanwide Holdings Group has agreed to purchase Genworth Financial in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas.

MGIC Investment Corp. posted the biggest intraday gain in 11 weeks as third-quarter operating profit advanced on lower costs tied to soured home loans.

Condominium associations cannot afford to take on the potential legal risk that reporting delinquent borrowers to the credit bureaus would bring.

Foreclosure filings dropped to the lowest level reported since December 2005, signaling the end of the country's foreclosure crisis, according to Attom Data Solutions.

Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.

The bank's fake account scandal is further reason to make the results of Wells' 2012 Community Reinvestment Act exam public.

U.S. Bancorp has agreed to settle a lawsuit that claimed it neglected to maintain foreclosed properties in Southern California after the 2008 financial crisis.

Late payments on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.