Foreclosures

A Georgia real estate investor pleaded guilty this week to property bid rigging and mail fraud, according to the Federal Bureau of Investigation's Atlanta division.

A handful of housing markets in the West showed signs of resilience in October, Pro Teck Valuation Services' monthly Home Value Forecast indicates.

California’s Richmond Community Foundation will pursue a new social impact bond vehicle with a $3 million revenue bond private placement it hopes to close next month with the local Mechanics Bank.

Despite a slight uptick month-to-month, delinquency rates are down year-to-year.

Sales of foreclosed properties in August fell to their lowest level in about eight years, according to Hope Now.

The proportion of U.S. mortgages that were underwater dropped from the second quarter to the third quarter, according to RealtyTrac.

Mortgage servicer Ocwen Financial failed four servicing tests in the second half of 2014. Joseph A. Smith Jr., the monitor of the $25 billion national mortgage settlement, said the Atlanta servicer was “beginning to show progress” in complying with terms of the 2012 agreement.

The Florida Supreme Court affirmed the validation of $2 billion in clean energy bonds over challenges brought by banks and a former state legislator.

The number of properties in foreclosure nationwide rose in the third quarter as the logjam in some judicial states has loosened, according to RealtyTrac.

Altisource has set its sights on the real estate services market with two acquisitions that will dramatically grow its business in this area.

Bank mortgage servicers suffered bigger loan losses in three high foreclosure states than their nonbank counterparts, a Moody's Investors Service report suggests.

National foreclosure inventory fell to 470,000, or 1.2% of all mortgaged homes in August, compared with 629,000, or 1.6% of all mortgaged homes in August 2014, CoreLogic reported Tuesday.

Fannie Mae is selling $1.2 billion worth of nonperforming loans, in an attempt to give borrowers other options besides foreclosure.

U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.

Investor expectations for preparing real estate owned properties for conveyance vary wildly and demand a tailored approach from servicers.

Fannie Mae and Freddie Mac have put billions of dollars' worth of distressed mortgage assets up for sale this year, but small buyers acquiring carve-outs of these offerings are driving activity in this niche market.

The Justice Department said that members of the military whose properties were wrongfully foreclosed are eligible to receive a total of $311 million in compensation from five large mortgage servicers.

Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: She's the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis.

Despite a recent dip, U.S. loan delinquencies are on a steady downward slope, according to Black Knight Financial Services.

Communication between homeowners and their servicers remains the most frequently reported challenge for housing counselors, the National Foreclosure Mitigation Counseling program said.