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States riddled with foreclosures more than doubled the number of homeowners receiving aid through the Treasury's Hardest Hit Fund in the past several months, the Special Inspector General for the Troubled Asset Relief Program said in a report Thursday.
The...
States riddled with foreclosures more than doubled the number of homeowners receiving aid through the Treasury's Hardest Hit Fund in the past several months, the Special Inspector General for the Troubled Asset Relief Program said in a report Thursday.
The...
New short sale guidelines from Fannie Mae and Freddie Mac are designed to prevent deceptive transactions that pop up in times of distress when servicers and borrowers are negotiating short sales, representatives from Freddie Mac said in an exclusive webinar with...
Mortgage banking results continue to stay strong for the third quarter because of of gain-on-sales margins and an increased volume of origination. However, representations and warranty claims also remain elevated, primarily as a result of new repurchase requests made by the government-sponsored...
Pending home sales jumped 14.5%, compared to September 2011, according to the National Association of Realtors.
The Pending Home Sales Index rose from 86.9 in 2011 to 99.5 as of September 2012 reflecting new home purchase contracts but not closings. In comparison,...
RealtyTrac, the online marketplace for foreclosures, reports a yearly decrease in 131 out of the nation’s 212 metropolitan areas.
“Two-thirds of the nation’s largest metros posted decreases in foreclosure activity in the third quarter, indicating that...
[Update 1: Ocwen Financial, Walter Investment confirm winning bid]
Ocwen Financial ($45.12 0.27%) won the bid for the mortgage servicing...
The U.S. Attorney for the Southern District of New York slapped Bank of America ($13.27 0.06%) with a $1 billion lawsuit, claiming ...
Royal Bank of Scotland ($10.14 0.2%)-owned RBS Financial agreed to pay a $42 million settlement to resolve an investigation...
New single-family home sales rose 5.7% from August to September, with 389,000 homes sold last month, according to the U.S. Census Bureau.
That is up from 368,000 sales in August and 27.1% above year ago levels when only 306,000 units were sold.
The median sales price...
The number of mortgage applications filed by potential homebuyers and refinancing borrowers fell 12% for the week ending October 19, an industry trade group said.
The steep drop is attributed to an upward adjustment made a week earlier to account for the Columbus Day...
The United States added 4.8 million renters in the past six years while losing 1.7 million owner households as the dynamics of the real estate space changed in the wake of the 2008 financial meltdown, according to the Mortgage Bankers Association.
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The Mortgage Bankers Association is warning it expects to see $1.3 trillion in mortgage originations during 2013. This is down more than 25% from its revised estimation of $1.7 trillion in 2012.
Refinancings will retain the lion's share of mortgage origination, but will...
Orchid Island Capital, a firm that invests in government-backed residential mortgage-backed securities, is attempting to convert to a real estate investment trust again.
Orchid Island...
U.S. home prices rose 1.3% in the third quarter, the biggest quarterly gain since 2006, but the recovery will be uneven, Zillow ($56.74 0.78%) said...