News
Ally Financial amended its initial public offering registration to sell up to $100 million in common stock.
Ally, which made a variety of adjustments to its IPO prospectus, has been mostly in runoff mode in respect to its mortgage holdings with the IPO focused on putting...
Ally Financial amended its initial public offering registration to sell up to $100 million in common stock.
Ally, which made a variety of adjustments to its IPO prospectus, has been mostly in runoff mode in respect to its mortgage holdings with the IPO focused on putting...
The U.S. unemployment rate fell to 7.8% in September while nonfarm payrolls rose by 114,000 positions, the U.S. Bureau of Labor Statistics said Friday.
Hiring in health care, transportation and warehousing increased, while other industries experienced little change in employment growth....
The Homeowner Bill of Rights launched in California not only changed hundreds of years of real estate law, it may have turned the West Coast state into a judicial foreclosure state with financial firms on high alert, legal experts claim.
"In California, they just gave...
The Homeowner Bill of Rights launched in California not only changed hundreds of years of real estate law, it may have turned the West Coast state into a judicial foreclosure state with financial firms on high alert, legal experts claim.
"In California, they just gave...
The foreclosure crisis was not the result of exploding option ARMs, poor housing policies or a lack of data.
Instead, Paul Willen, senior economist and policy advisor for the Federal Reserve Bank of Boston, blames it on a type of bubble fever that infected borrowers and financial...
The foreclosure crisis was not the result of exploding option ARMs, poor housing policies or a lack of data.
Instead, Paul Willen, senior economist and policy advisor for the Federal Reserve Bank of Boston, blames it on a type of bubble fever that infected borrowers and financial...
The Federal Housing Finance Agency proposed a framework for a common securitization platform and a model pooling and servicing agreement. The agency is seeking input from the public until Dec. 3.
The plan, originally announced in February,...
The Federal Housing Finance Agency proposed a framework for a common securitization platform and a model pooling and servicing agreement. The agency is seeking input from the public until Dec. 3.
The plan, originally announced in February,...
Real estate data provider Trulia says home prices in six out of seven presidential swing states are on the rise.
The two swing states with the largest yearly increases — Nevada and Florida — suffered dramatic price declines and high foreclosure rates during the housing...
Real estate data provider Trulia says home prices in six out of seven presidential swing states are on the rise.
The two swing states with the largest yearly increases — Nevada and Florida — suffered dramatic price declines and high foreclosure rates during the housing...
Language barriers and mortgage servicing employees who struggle when the conversation goes offscript with troubled U.S. borrowers remain top concerns for credit ratings agencies that are setting the ratings for servicing shops.
"I have personally listened to an extensive number of calls...
Federal Housing Administration Acting Commissioner Carol Galante told a crowd of mortgage professionals her institution will not immediately initiate an REO-to-rental program similar to Fannie Mae.
The Federal Housing Finance Agency...
A weakening economy and the Federal Reserve’s continued purchase of mortgage securities took the 30-year, fixed-rate mortgage to historic lows for the second straight week
The Freddie Mac survey showed the 30-year FRM averaged 3.36% for the week ending...
Subprime mortgage servicers across the board improved their cash flow efficiency in the second quarter by stepping up liquidations and modifications, Moody’s Investors Service says.
The firm’s cash flow efficiency metric rose to 0.29 in the...