News
Banks trimmed 1.2 million troubled mortgages or foreclosed homes out of the massive shadow inventory hanging over the housing market in the first half of 2012, according to JPMorgan Chase...
Banks trimmed 1.2 million troubled mortgages or foreclosed homes out of the massive shadow inventory hanging over the housing market in the first half of 2012, according to JPMorgan Chase...
The scarcity of agency mortgage-backed securities intensified by the Federal Reserve third round of quantitative easing is adding momentum to the non-agency subprime MBS sector rally.
Bank of America Merrill Lynch...
The scarcity of agency mortgage-backed securities intensified by the Federal Reserve third round of quantitative easing is adding momentum to the non-agency subprime MBS sector rally.
Bank of America Merrill Lynch...
Mortgage delinquency rates and foreclosure pre-sale inventory levels fell in August, suggesting a gradual move away from a market rife with troubled home loans, according to data released by Lender Processing Services.
The month of August brought a 10.6% dip in the nation...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Servicers continue to capture the heat of economists and researchers who claim new data shows servicing shops were not equipped to process millions of loan modifications in...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Servicers continue to capture the heat of economists and researchers who claim new data shows servicing shops were not equipped to process millions of loan modifications in...
[Update: Adds Romney shared appreciation accounting proposals]
In his latest housing plan, Republican presidential nominee Mitt Romney promised to abolish President Obama's foreclosure prevention programs in order to spark more private deals between banks and their borrowers.
"A...
[Update: Adds Romney shared appreciation accounting proposals]
In his latest housing plan, Republican presidential nominee Mitt Romney promised to abolish President Obama's foreclosure prevention programs in order to spark more private deals between banks and their borrowers.
"A...
Comptroller of the Currency Thomas Curry is concerned banks are padding profits by releasing too much of their reserves for loan losses.
Collective bank earnings increased higher than the year before for 12 straight quarters now, he told a Wall Street lobbying group the...
Comptroller of the Currency Thomas Curry is concerned banks are padding profits by releasing too much of their reserves for loan losses.
Collective bank earnings increased higher than the year before for 12 straight quarters now, he told a Wall Street lobbying group the...
Larger Wall Street investors rushing into the REO market have raised between $6 billion and $8 billion for acquisitions, according to analysts at investment bank Keefe, Bruyette & Woods.
They estimate the money raised could buy between 40,000 and 80,000 previously...
Larger Wall Street investors rushing into the REO market have raised between $6 billion and $8 billion for acquisitions, according to analysts at investment bank Keefe, Bruyette & Woods.
They estimate the money raised could buy between 40,000 and 80,000 previously...
Builder KB Home's ($23.40 0%) third-quarter profit perfectly illustrates the modest recovery taking hold in the...
An uptick in home sales and selling prices pushed homebuilder KB Home ($23.40 0%) to a third-...