Foreclosures

Ocwen Financial has agreed to pay $150 million to New York regulators to settle allegations that it fudged foreclosure documents and said Monday that its founder and, executive chairman, William Erbey is stepping down after 30 years with the Atlanta company.

Recent data from Freddie Mac has provided new insights into loan losses across different mortgage types, Fitch Ratings said in a press release Thursday.

The $4 trillion in mortgages serviced by the largest financial institutions slightly improved in the third quarter with more loans back in performing status and fewer in serious delinquency, a regulatory report said Friday.

Ocwen Financial Corp. is being examined over whether it improperly stalled short sales by borrowers who owe more than their homes are worth

Matt Martin Real Estate Management has agreed to acquire RealtyBid.com, an online real estate auction company.

The number of homeowners who were in negative equity just two years ago has fallen by more than 40% through the third quarter, according to data from Zillow.

Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower.

Treasury Secretary Jacob Lew's decision to give more help to homeowners who have already gotten mortgage assistance has sparked opposition from Republicans aiming to end President Obama's foreclosure prevention program.

More than 1.8 million Americans have sought help keeping their homes from the National Foreclosure Mitigation Counseling Program. Hundreds of thousands more still need help, according to the program's administrator.

The first listed Australian landlord of U.S. housing is hunting for rundown properties in the New York City area as prices hit new highs.

With some proposals still outstanding, mortgage bond market participants are concerned that eminent domain attempts would spread if a municipality makes inroads with a proposal.

Foreclosure inventory fell 26.4% in the month of October compared to the same period last year.

San Francisco may become the biggest U.S. city to use its development powers to help homeowners avoid foreclosure, partnering with another California community whose own plan has come under fire from investors.

The Department of Housing and Urban Development's support for the widow of a home equity conversion mortgage borrower has broad implications for consumers and lenders.

Starwood Waypoint Priced its first securitization of single-family rental property, a $505 million deal backed by some of the oldest homes in this emerging asset class.

New York Attorney General Eric Schneiderman today announced the launch of a financial consumer education web app called AGScamHelp.

Nonbank mortgage servicers are already in the crosshairs of regulators. Now they will face even more scrutiny from Fannie Mae and Freddie Mac.

The Department of Housing and Urban Development is seeking a buyer for Lakeway Regional Medical Center after the two-year-old suburban Austin hospital defaulted on a $164 million mortgage loan that carried a federal guarantee.

Delinquency rates for commercial and multifamily mortgages declined in the third quarter, according to the Mortgage Bankers Association.

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