Foreclosures

Mortgage loan delinquencies dropped in December, according to Black Knight Financial Services' First Look report.

David Miller resigned as chief executive officer of Silver Bay Realty Trust Corp., and board member Thomas Brock will lead the single-family landlord during the search for a new CEO.

Synovus Financial in Columbus, Ga., reported a higher fourth-quarter profit on stronger interest and fee income.

The Department of Housing and Urban Development has rejected a nonprofit housing group's allegations of racial discrimination against U.S. Bank. HUD found that the bank properly maintain foreclosed homes in predominantly black and Hispanic neighborhoods and in some cases spent more rehabilitating the homes than in white areas.

The Department of Housing and Urban Development has filed charges against three California-based home loan modification companies and nine of their employees for allegedly violating the Fair Housing Act.

In a mostly light-hearted interview on "The Late Show with Stephen Colbert," HUD Secretary Julian Castro defended the agency against Republican calls for its shutdown.

The nonperforming loan situation continued to improve in November, as the national inventory of foreclosed homes dropped to pre-recession levels, according to CoreLogic.

Fannie Mae said that those affected by floods across the Midwest may have access to mortgage assistance.

WASHINGTON — JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.

The delinquency rate on commercial mortgage-backed securities rose slightly in December, according to Trepp.