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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.
June 3 -
New York's State Assembly has passed legislation that seeks to address problems related to preforeclosure vacant and abandoned properties.
June 3 -
The California State Senate has approved legislation to expand the rights of widows, widowers and other heirs facing foreclosure following the death of a loved one.
June 2 -
The 12-member committee is expected to advise HUD on how to improve housing counseling and make it more accessible.
June 2
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KeyCorp's $4.1 billion bid to buy First Niagara Financial Group Inc. is facing scrutiny over a U.S. investigation into First Niagara's minority lending practices, according to two people familiar with the matter.
May 31 -
New Jersey Community Capital, a nonprofit community development financial institution, made the winning bid for Fannie Mae's third "community impact pool" of nonperforming loans.
May 26 -
The Federal Housing Administration's loan sales are drawing more attention after a recent critical report said it was resulting in vulnerable borrowers losing their homes.
May 26
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Wells Fargo & Co. agreed to pay a $70 million penalty in ending the banks five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.
May 25 -
Foreclosure starts dropped nearly 17% from a year earlier last month, falling to their lowest level in a decade, according to Black Knight Financial Services.
May 24 -
Two recent court rulings affirmed that lenders can enforce electronically signed and transferred notes, laying important groundwork for wider adoption of electronic mortgage technology that could improve the customer experience for borrowers and save lenders and servicers a bundle.
May 20
