News
Foreclosure starts and sales were down 15% month-over-month, while foreclosure sales fell 19%, according to a report on loan level data from Lender Processing Services ($32.49...
The Department of Justice filed a lending discrimination case against New York-based GFI Mortgage Bankers, claiming the lender violated fair lending laws by charging minority borrowers higher interest rates on mortgages when compared to other borrowers with...
All 12 Democrats on the Senate Banking Committee urged the Federal Housing Finance Agency to remove even more restrictions to refinancing Fannie Mae and Freddie Mac mortgages.
The FHFA...
Bond insurer Ambac Financial filed its second mortgage bond suit against Bear, Stearns & Co. and EMC Mortgage, which are now part of JPMorgan Chase...
A total of 680 employees at Saxon Mortgage Services will be laid off beginning in May, according to a filing with the Texas Workforce Commission last week.
Ocwen...
A total of 680 employees at Saxon Mortgage Services will be laid off beginning in May, according to a filing with the Texas Workforce Commission last week.
Ocwen...
Mortgage servicers completed 20% fewer modifications through private programs in February than the month before, according to the Hope Now alliance.
Roughly 44,500 home loans were modified in February, down from 55,700 in January. Workouts also declined 28% from the...
Mortgage servicers completed 20% fewer modifications through private programs in February than the month before, according to the Hope Now alliance.
Roughly 44,500 home loans were modified in February, down from 55,700 in January. Workouts also declined 28% from the...
Principal write-downs on Fannie Mae and Freddie Mac loans are more likely to become a reality and are less of a moral hazard than some might imagine, according to analysts with investment bank Keefe, Bruyette & Woods...
Residential construction spending changed little in February from January but rose 4.6% from February 2011.
The seasonally adjusted annual rate, as reported by the Census Bureau, fell $4 million in February to $253.5 billion. The Commerce Department ...
Residential construction spending changed little in February from January but rose 4.6% from February 2011.
The seasonally adjusted annual rate, as reported by the Census Bureau, fell $4 million in February to $253.5 billion. The Commerce Department ...
Only one borrower out of 1,800 newly originated prime loans backing Fitch-rated U.S. residential mortgage-backed securities is delinquent, the ratings giant said.
That stellar record applies to prime loans securitized in five private-label RMBS deals since the start of...
Only one borrower out of 1,800 newly originated prime loans backing Fitch-rated U.S. residential mortgage-backed securities is delinquent, the ratings giant said.
That stellar record applies to prime loans securitized in five private-label RMBS deals since the start of...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Short sale volumes may not have experienced the boom many predicted, but they're certainly moving up.
Late last week, the Office of the Comptroller of the...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Short sale volumes may not have experienced the boom many predicted, but they're certainly moving up.
Late last week, the Office of the Comptroller of the...