Mortgage defaults

A post-crisis spike in foreclosures, the Deepwater Horizon oil spill and recent flooding in Louisiana all shaped the terms and timing of a bank deal struck in Florida.

Diamond Resorts is preparing its first offering of bonds backed by timeshare loans in nearly a year, according to Kroll Bond Rating Agency.

Home prices will increase by more than 5% over the next year, after increasing by 6.3% on a year-over-year basis in September, according to CoreLogic.

The Bancorp's stock fell nearly 15% Friday after the Wilmington, Del., company reported a large quarterly loss tied to a bad commercial real estate loan.

Banc of California in Irvine has sold about $163 million of single-family residential mortgages to an unnamed buyer.

Millions of consumers' credit reports will no longer reflect past mortgage problems, which could open up borrowing opportunities for many of them.

Ocwen Financial Corp. posted a quarterly profit for the first time since 2015.

The percentage of foreclosed mortgages reached its lowest point in nine years, according to Black Knight Financial Services.

The Consumer Financial Protection Bureau will require underperforming servicers to document the technology and process changes they're making to implement the agency's recently released servicing regulations.

China Oceanwide Holdings Group has agreed to purchase Genworth Financial in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas.

Home BancShares in Arkansas would rather buy banks that meet its financial parameters than do one large deal to catapult over $10 billion in assets. The bank also spent most of this year idling with M&A so it could prepare for stress testing.

Moody's Corp. said federal officials are planning a lawsuit over its ratings of residential mortgage securities that critics contend were inflated to win business in the years leading up to the 2008 financial crisis.

Mortgage Contracting Services has acquired title insurance and settlement services provider Lenders Title Solutions.

Fluctuations in home price and wage gains have created a volatile outlook for housing affordability across the country. By better deciphering market data, mortgage companies can hone their strategies to respond to prevailing economic trends.

New American Funding and Alterra Home Loans have selected Radian Group as the preferred private mortgage insurance providers for their Your Path loan program.

Condominium associations cannot afford to take on the potential legal risk that reporting delinquent borrowers to the credit bureaus would bring.

Foreclosure filings dropped to the lowest level reported since December 2005, signaling the end of the country's foreclosure crisis, according to Attom Data Solutions.

Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.

Fannie Mae said that it will sell 7,300 loans with a total of $1.39 billion in unpaid principal balance.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.