News
Mortgage servicer Ocwen more than doubled its 2012 profit as revenue soared 70% above 2011 levels.
The company’s expansive revenue growth came after Ocwen spent the year, gobbling up mortgage servicing rights.
With just the closing of the firm's two major...
Sen. Elizabeth Warren, D-Mass., amplified the need to reform the Federal Housing Administration, Fannie Mae and Freddie Mac all at the same time to shrink the government's footprint in the mortgage finance market.
Warren questioned...
Housing industry experts testified before the U.S. Senate Committee on Banking, Housing & Urban Affairs advocating for various solutions to strengthen the Federal Housing Administration’s financial stability Thursday.
While each panelist supported and...
Time and time again, the housing recovery has been deemed a reflector of overall U.S. economic health. And right now, both seem to be showing fairly modest growth.
In the week ending Feb. 23, seasonally adjusted initial jobless claims dropped to 344,000....
Time and time again, the housing recovery has been deemed a reflector of overall U.S. economic health. And right now, both seem to be showing fairly modest growth.
In the week ending Feb. 23, seasonally adjusted initial jobless claims dropped to 344,000....
The U.S. loan delinquency rate fell to 7.03% from December to January, a 2.03% drop from 7.17% a month earlier, according to Lender Processing Services data.
From...
Foreclosure activity plummeted 17.8% year-over-year in January with only 61,000 foreclosures completed last month, down from 75,000 a year earlier, CoreLogic reported.
The Irvine, Calif.-based real estate analytics firm also noted that foreclosures from December to...
Amid the chaos following the economic downturn in 2008, Federal Credit Unions remained loyal to their lending standards. In response to the Dodd-Frank financial reform by the Consumer Financial Protection Bureau, the National Association of Federal Credit...
Amid the chaos following the economic downturn in 2008, Federal Credit Unions remained loyal to their lending standards. In response to the Dodd-Frank financial reform by the Consumer Financial Protection Bureau, the National Association of Federal Credit...
Foreclosure properties sold during 2012 decreased by 6% from 2011 and down 11% from 2010, RealtyTrac said in its fourth quarter and year-end 2012 foreclosure and short sales report.
Based in Irvine, Calif., RealtyTrac is the leading online marketplace for foreclosure...
Foreclosure properties sold during 2012 decreased by 6% from 2011 and down 11% from 2010, RealtyTrac said in its fourth quarter and year-end 2012 foreclosure and short sales report.
Based in Irvine, Calif., RealtyTrac is the leading online marketplace for foreclosure...
Richard Fisher, president and CEO of the Federal Reserve Bank of Dallas, discussed his opposition to what he has dubbed the 'Buzz Lightyear' monetary policy of the Fed – pledging to hold the federal funds rate at zero seemingly to infinity and beyond.
Other than the...
February remittance reports posted a 0.5 to 1.5 point drop in the liquidation speeds month-over-month for the ABX subprime indices as well as mixed liquidation speeds for the PrimeX indices, Barclays noted in its securitization research.
Both indices track the...
Freddie Mac announced it posted a record $28.8 billion in multifamily business volume last year. That volume includes both loan purchase and bond guarantees.
The GSE’s multifamily business increased 42%, growing from $20.3 billion in 2011. The previous multifamily...
Federal Reserve Chairman Ben Bernanke testified before the House Committee on Financial Services tackling housing issues, while identifying a need for the timely release of qualified residential mortgage standards.
Congressman Gary Miller, R-Calif.,...