Foreclosures

Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.

The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.

Arch Capital Group has planned a secondary public offering to raise some of the cash for its $3.4 billion acquisition of United Guaranty Corp. from American International Group.

The June Brexit vote continues to have implications for the mortgage industry, as prepayment rates jumped even higher.

Activity under the Making Home Affordable program increased in the second quarter thanks to the introduction of the Streamline Home Affordable Mortgage Program, according to a performance report from the Treasury Department.

Loan modification activity fell again on a monthly basis, but there are still several states where borrowers need assistance, according to the Hope Now alliance.

American Homes 4 Rent has repaid the $342 million loan that serves as collateral for its first securitization of single-family rental properties.

The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to CoreLogic.

American International Group will provide reinsurance coverage on three years of United Guaranty's policies and that was an important consideration to do the deal with Arch, said AIG's Rob Schimek.

A group of financial industry players — including mortgage servicers and credit unions — are joining together to form a new coalition promoting workforce diversity.

The percentage of vacant bank-owned properties is larger now versus a year ago as banks are completing more foreclosures, according to Attom Data Solutions.

Ocwen Financial Corp. failed two compliance tests related to force-placed insurance during the fourth quarter of 2015, according to the monitor of the National Mortgage Settlement.

A California man was sentenced to 52 months in federal prison over his role in an alleged mortgage loan modification scheme.

Altisource has expanded its offerings to include foreclosure auction services.

Affiliates of Goldman Sachs, Lone Star Funds and Neuberger Berman are among the winners of Fannie Mae’s latest nonperforming loans auction.

Mortgage servicing has undergone a dramatic transformation in response to the housing crisis, creating an environment where a focus on the consumer will define how servicers approach their business and regulators oversee their operations.

The Federal Trade Commission has obtained a court order barring the owners of several Florida companies that operated under the guise of being law firms from offering mortgage loan modification and debt relief services.

The Department of Housing and Urban Development has released the details of its next nonperforming residential loan sale through the Distressed Asset Stabilization Program.

Commercial and multifamily mortgage delinquency rates remained low during the second quarter, although two lender categories reported an increase, according to the Mortgage Bankers Association.

Bank of America is approaching the consumer-relief target set in its mortgage settlement with the Department of Justice and six states, according to the settlement's monitor.