Foreclosures

The Federal Housing Finance Agency’s first report on the sales of nonperforming loans owned by Fannie Mae and Freddie Mac may seem discouraging at first.

Nonperforming loan investors will have to consider principal reductions and offer more sustainable loan modifications.

The Supreme Court agreed Tuesday to hear a case regarding a clause in Fannie Mae's corporate charter that awards jurisdiction over every case involving the government-sponsored enterprise to federal courts.

Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.

Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.

The number of loan modification made in April dropped 4% from the previous month, according to the Hope Now alliance.

Foreclosure activity dropped year-over-year for the eighth consecutive month in May but remained essentially unchanged from April, according to RealtyTrac.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

A Massachusetts court's recent ruling affirming homeowners associations' right to super lien priority highlights the importance of preserving condominium properties — and some banks agree.

Foreclosure inventory nationwide fell again in April from a year ago, according to CoreLogic.

BentleyForbes once owned such renowned properties as the Watergate in Washington and Bank of America Plaza, Atlanta's tallest skyscraper. Now the company is on the verge of vanishing.

The delinquency rate on the loans included in commercial mortgage-backed securities increased for the third consecutive month in May after significant declines at the start of the year, according to Trepp.

New York's State Assembly has passed legislation that seeks to address problems related to preforeclosure vacant and abandoned properties.

The California State Senate has approved legislation to expand the rights of widows, widowers and other heirs facing foreclosure following the death of a loved one.

The 12-member committee is expected to advise HUD on how to improve housing counseling and make it more accessible.

KeyCorp's $4.1 billion bid to buy First Niagara Financial Group Inc. is facing scrutiny over a U.S. investigation into First Niagara's minority lending practices, according to two people familiar with the matter.

New Jersey Community Capital, a nonprofit community development financial institution, made the winning bid for Fannie Mae's third "community impact pool" of nonperforming loans.

The Federal Housing Administration's loan sales are drawing more attention after a recent critical report said it was resulting in vulnerable borrowers losing their homes.

Wells Fargo & Co. agreed to pay a $70 million penalty in ending the bank’s five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.

Foreclosure starts dropped nearly 17% from a year earlier last month, falling to their lowest level in a decade, according to Black Knight Financial Services.