Foreclosures

Synovus Financial in Columbus, Ga., reported higher second-quarter income tied to a lower loan-loss provision.

Creditors of a Dallas-based special servicer and mortgage services firm that filed Chapter 7 bankruptcy this week include technology providers, financial institutions and property management companies.

Foreclosure volume was down 3% for the first six months of 2015 compared with the same time span last year, a new report from analytics firm RealtyTrac found.

The national foreclosure rate in May fell to its lowest level since December 2007 as the housing market showed continued signs of improvement, according to CoreLogic.

NetDirector has upgraded its software to improve the accuracy of verifications of borrowers who are members of the military.

Two mortgage servicers have agreed to join a group of peer institutions in following a series of guidelines to address zombie properties in New York State, Gov. Andrew Cuomo announced Thursday.

The Federal Housing Administration wants to set a hard deadline for servicers to file claims on soured mortgages. Industry executives say it should be manageable — unless foreclosures surge again.

The delinquency rate on commercial mortgage-backed securities rose from May to June, according to Trepp's monthly report.

The share of U.S. home purchases made with cash has fallen to a five-year low as investors pull back from a property market that's rebounding without them.

Unless Congress acts before the end of 2015, homeowners who had their mortgage principal reduced in a loan modification or lost their homes through a foreclosure or short sale will find themselves in this position.

Mortgage applications fell 4.7% from a week earlier on a seasonally adjusted basis, according to the Mortgage Bankers Association's weekly survey.

CV Holdings agreed to a new financing arrangement with Tricadia Capital Management to expand its business of acquiring and servicing nonperforming loans.

A California man has been indicted by a federal grand jury for allegedly trying to rig public foreclosure auctions in Northern California between 2008 and 2011.

The default law firm Fisher Law Group in Upper Marlboro, Md., has been sold to a California investment firm.

Home prices rose 1.2% in April, from the previous month, in the largest seasonal gain since 2005, according to FNC.

The rate of mortgages delinquent for at least 30 days rose 4% in May from the previous month, according to Black Knight Financial Services.

Senate Democrats are urging regulators to investigate potential discrimination in how banks and other financial institutions handle and market foreclosed homes.

Royal Financial in Chicago has agreed to sell $29.1 million in distressed assets, a deal mandated by a bankruptcy judge as part of the company's acquisition of PNA Bank.

The U.S. Attorney's Office for the Eastern District of California has indicted Robert Farrace of Modesto, Calif., on charges of wire fraud in connection to a short-sale scheme.

The number of homes classified as serious delinquencies fell 2% from March to April, as industry players continue to use short sales and other techniques, according to the advocacy group Hope Now.