Foreclosures

About 1,000 servicemembers are eligible to receive more than $123 million from five mortgage service companies as compensation for unlawful home foreclosures, the Justice Department announced.

Radian Group, of Philadelphia, had an explosively strong fourth quarter in 2014 thanks to a reduction of its risk profile as a result of the pending sale of its financial guaranty unit.

After backing off for a while, banks ramped up the pressure on delinquent Nevada homeowners last month, seizing more homes and starting the foreclosure process on more people, a new report shows.

Bank of America is laying off 250 mortgage and technology workers in Charlotte as the No. 2 U.S. bank continues to reduce its portfolio of bad loans.

Orlando homebuyers, particularly Hispanics, have had a more difficult time getting approved for mortgages than buyers nationally, a new study shows.

Despite San Francisco's low unemployment rate and skyrocketing real estate prices, a new study shows that the economic recovery hasn't touched everyone in the city.

Mortgage insurer MGIC Investment Corp. capped off January with 243 more delinquencies on its books than the month prior, according to figures the company released Monday.

A new report from Fitch Ratings found the percentage of loan principal a lender recorded as a loss after foreclosure was similar for agency and nonagency loans.

The housing industry experienced another positive sign on Tuesday as CoreLogic reported that completed foreclosures declined 14% in December from the previous year.

Foreclosure filings for this month in metro Atlanta were up 14% from January, but were still the lowest number for any February since 2001.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.

Mortgage fraud risk declined in the third quarter even as property valuation fraud risk increased, according to Interthinx.

One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you.

When the financial crisis obliterated South Florida's housing market, the number of foreclosures in Miami skyrocketed.

Ocwen Financial Corp., which agreed with regulators in December to improve its mortgage servicing, sent Nathan Fitzgerald a notice saying his loan was in default. If he didn't send a $2,266 check immediately, Ocwen said, it would foreclose on him.

Protests by community groups and now a public hearing threaten to delay the completion of CIT's acquisition of OneWest Bank. The deal will probably get approved, and it might not get delayed too long, but all those "probablys" and "mights" are what make the proponents of more big M&A queasy.

Once defined by the size of its foreclosure offerings, the Myrtle Beach, S.C., area real estate market now outperforms both state and national real estate markets in the current rate of foreclosures and the percentage point drop in foreclosures over the past year.

Two Justice Department lawyers leading an effort to hold financial firms accountable for the mortgage-fed debacle that fueled the Great Recession stopped in to talk strategy in mid-2009 with Jerry Brown, then California's attorney general.

San Francisco's controller discouraged lawmakers from going forward with a proposal to use the city's eminent-domain powers to help homeowners avoid foreclosure, citing federal limitations and risks to the city's borrowing costs.

The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.