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Articles in "Servicing"
The percentage of mortgages that redefaulted within six months after receiving a private modification fell to the lowest level since the industry began reporting the data in 2009.
Roughly 8.9% of the more than 925,000 modifications banks granted through their own private programs over the...
The San Bernardino County, Calif. housing market showed signs of improvement in August even without a controversial eminent domain plan, according to Clear Capital.
Prices on homes not in distress increased 4.2 percentage points higher than the growth in REO values over...
The San Bernardino County, Calif. housing market showed signs of improvement in August even without a controversial eminent domain plan, according to Clear Capital.
Prices on homes not in distress increased 4.2 percentage points higher than the growth in REO values over...
Wells Fargo ($39.88 0.62%) said it provided 35% of its homeowner relief required under the robo-signing settlement struck in March.
The...
Wells Fargo ($39.88 0.62%) said it provided 35% of its homeowner relief required under the robo-signing settlement struck in March.
The...
The average price of foreclosures sold in the second quarter rose 7% from last year while the total number of foreclosures and REOs hitting the sales block declined 22%, RealtyTrac said Thursday.
For the first time in two years, the average foreclosure sales...
Mortgage servicers already wrote down principal on loans bundled into private bonds in order to satisfy the robo-signing settlement, but not even the monitor will know how many for some time, according to those familiar with the agreement.
A total of 7,093 borrowers...
The five largest mortgage servicers provided $10.5 billion in relief to struggling homeowners under the foreclosure settlement signed in March, according to the first progress report from monitor Joseph Smith.
Bank of America...
Federally insured banks reduced their inventory of previously foreclosed properties by 18% over the last year, according to the Federal Deposit Insurance Corp.
The banks held $41.7 billion in REO as of June 30, down from $51.2 billion at the same point one year prior. The...
The number of foreclosures completed in July totaled 58,000, down 16% from 69,000 a year earlier and 62,000 in June, according to analytics firm CoreLogic.
...California Gov. Jerry Brown signed a bill Monday forcing owners of foreclosed and vacant homes to maintain the property or face up to a $1,000 fine per day of violation.
The bill, A.B. 2314, is part of the Homeowner Bill of Rights, a slew of new legislation drafted and introduced through...
California Gov. Jerry Brown signed a bill Monday forcing owners of foreclosed and vacant homes to maintain the property or face up to a $1,000 fine per day of violation.
The bill, A.B. 2314, is part of the Homeowner Bill of Rights, a slew of new legislation drafted and introduced through...
The Federal Reserve bought more Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds during the first six months of the year. However, Fed profits also declined on the investments.
The Fed published its first unaudited...
A group of senators are pressing Majority Leader Harry Reid, D-Nev., to allow a vote on a package of tax relief extensions set to expire this year, including a break for mortgage principal forgiven in loan modifications or short sales.
Homeowners who receive a principal reduction or a...
The delinquency rate on Freddie Mac guaranteed mortgages fell to 3.42% in July, the lowest level since August 2009, according to its monthly report.
The rate dropped 3 basis points from the month before and fell from the 3.59% rate measured at the beginning of the year....