Foreclosures

A lawsuit brought by the City of Miami has the potential to determine the reach of legal actions brought against lenders under the Fair Housing Act.

As if high default costs haven't been challenging enough for mortgage servicers, a growing number of seriously delinquent loans are Federal Housing Administration products, which require significant upfront investment to resolve.

A drop in mortgage banking cut into Trustmark's second-quarter profit, as did the costs to extend buyouts to employees.

Federal regulators warned mortgage servicers Monday that they will still expect them to offer loan modifications to distressed homeowners even after the Home Affordable Modification Program expires at yearend.

The Federal Housing Administration released lender guidance spelling out the circumstances under which it will insure mortgages on properties encumbered by Property Assessed Clean Energy liens similar to tax assessments.

MGIC Investment Corp. earned $109 million in the second quarter, as an income tax provision for the period cut into net income.

RealtyTrac is renaming its parent company Attom Data Solutions as it rolls out a new property database that links different data sources into a centralized resource.

There was a decline in loan modification activity in May both for year-over-year and month-to-month comparisons, according to the Hope Now alliance.

Homes that were foreclosed on during the housing crisis have since gained nearly twice as much value when compared with other homes, according to Zillow.

Republican lawmakers put Department of Housing and Urban Development Secretary Julian Castro on the hot seat Wednesday, criticizing his decision to allow nonprofit community groups to bid on more nonperforming Federal Housing Administration loans.