News
Freddie Mac will soon tell mortgage servicers to reduce the standard interest rate on its mortgage modifications, according to a senior official.
The government-sponsored enterprise will lower the rate to 4.625% from 5% for loans modified outside the Treasury...
Freddie Mac will soon tell mortgage servicers to reduce the standard interest rate on its mortgage modifications, according to a senior official.
The government-sponsored enterprise will lower the rate to 4.625% from 5% for loans modified outside the Treasury...
Basel regulations are dampening growth of banks’ mortgage servicing business, allowing nonbank entities to swoop in and become major sources of mortgage servicing rights funding, said John Britti, an executive vice president at Ocwen Financial Corp....
Basel regulations are dampening growth of banks’ mortgage servicing business, allowing nonbank entities to swoop in and become major sources of mortgage servicing rights funding, said John Britti, an executive vice president at Ocwen Financial Corp....
The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, the Brookings Institution said.
Brookings scholar Julia Isaacs said 2.3 million children lost homes during the...
The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, the Brookings Institution said.
Brookings scholar Julia Isaacs said 2.3 million children lost homes during the...
The Federal Reserve Bank of New York invited eight firms to bid on collateralized debt obligations once held by American International Group ($44.96...
The Federal Reserve Bank of New York invited eight firms to bid on collateralized debt obligations once held by American International Group ($44.96...
Talcott Franklin PC, a Dallas law firm spearheading large-scale mortgage bond investor lawsuits, opened a branch office in Davidson, N.C.
The new office places the firm near Charlotte, which "is the second largest banking center in the United States," said Alexander Boone...
Talcott Franklin PC, a Dallas law firm spearheading large-scale mortgage bond investor lawsuits, opened a branch office in Davidson, N.C.
The new office places the firm near Charlotte, which "is the second largest banking center in the United States," said Alexander Boone...
The PNC Financial Services Group saws its profit slide nearly 3% year-over-year in the first quarter of 2012, while still noting an uptick in residential mortgage revenue.
The Pittsburgh, Pa.-based company posted a first-quarter profit of $766 million, or $1.44 a share,...
Plummeting interest rates prompted more homeowners to refinance last week, pushing mortgage applications up 6.9% from a week earlier, an industry trade group said.
The Mortgage Bankers Association's weekly mortgage applications survey shows the refinance index...
The Bank of New York Mellon ($30.09 0%), which made headlines last year after agreeing to settle with Bank of America ...
BlackRock ($30.09 0%) reported a slight profit increase in the first quarter as it furthered plans to launch a new bond-trading platform.
...The Treasury Department's Office of Homeownership Preservation called on mortgage servicers to put pressure on Washington to extend the Mortgage Debt Relief Act of 2007, which expires at the end of 2012.
Speaking Tuesday at SourceMedia's annual mortgage servicing...