Foreclosures

The Supreme Court agreed Tuesday to hear a case regarding a clause in Fannie Mae's corporate charter that awards jurisdiction over every case involving the government-sponsored enterprise to federal courts.

Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.

Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.

The number of loan modification made in April dropped 4% from the previous month, according to the Hope Now alliance.

Foreclosure activity dropped year-over-year for the eighth consecutive month in May but remained essentially unchanged from April, according to RealtyTrac.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

A Massachusetts court's recent ruling affirming homeowners associations' right to super lien priority highlights the importance of preserving condominium properties — and some banks agree.

Foreclosure inventory nationwide fell again in April from a year ago, according to CoreLogic.

BentleyForbes once owned such renowned properties as the Watergate in Washington and Bank of America Plaza, Atlanta's tallest skyscraper. Now the company is on the verge of vanishing.

The delinquency rate on the loans included in commercial mortgage-backed securities increased for the third consecutive month in May after significant declines at the start of the year, according to Trepp.