News
Mortgage technology firm Lender Processing Services ($30.06 0.35%) grew from a net loss to a profit of $2.8 million, or 3 cents a share, for...
Three years after loan consummation, a borrower is able to file a lawsuit seeking rescission as long as the borrower has sent a written notice of rescission within that timeframe, attorneys with Ballard Spahr said in a recent report.
In a recent case,...
Three years after loan consummation, a borrower is able to file a lawsuit seeking rescission as long as the borrower has sent a written notice of rescission within that timeframe, attorneys with Ballard Spahr said in a recent report.
In a recent case,...
A Florida homeowner lost his bid to get a voluntarily dismissed foreclosure case reinstated for the purpose of showing the initial foreclosure proceeding contained fraudulent documentation.
The court's decision is a major one for default attorneys and banks in Florida, especially those...
A Florida homeowner lost his bid to get a voluntarily dismissed foreclosure case reinstated for the purpose of showing the initial foreclosure proceeding contained fraudulent documentation.
The court's decision is a major one for default attorneys and banks in Florida, especially those...
PennyMac Mortgage Investment Trust ($22.70 0%) is shifting gears, moving toward nonagency mortgage-backed securities and away from private-...
PennyMac Mortgage Investment Trust ($22.70 0%) is shifting gears, moving toward nonagency mortgage-backed securities and away from private-...
The Phoenix housing market has seen dramatic change over the past year after the sand state reached a low point in September 2011.
In November, ...
Federal Reserve Board governor Jeremy Stein pointed to various risk factors in the market, specifically noting that mortgage real-estate investment trusts are an area where troubles could arise due to the Fed’s monetary policies.
Stein spoke at the Federal Reserve...
Fixed-mortgage rates relaxed this week, showing rates either remaining unchanged or dropping slightly, Freddie Mac said in its Primary Mortgage Market Survey.
The 30-year, fixed rate was 3.53% for the week ending Feb. 7, the same as last week, but down from 3.87% a year...
Mortgage servicer Nationstar Mortgage Holdings Inc. ($45.38 -0.23%) announced its acquisition of Equifax Settlement Services Holding...
Higher home sales and growing optimism on the jobs front are further signs of a stabilizing real estate market, Fannie Mae concluded Thursday.
"Concerns about job loss are waning as payrolls are growing – a trend that may give potential homebuyers more confidence...
Ratings giant Standard & Poor's shifted the outlook of Nationstar Mortgage Holdings' residential mortgage primary, subprime and special loan servicer ratings to 'developing' from previous outlooks of 'positive' for subprime and 'stable' for the company's...
A lack of clarity about the future of federal housing agencies has kept private capital on the sidelines of the mortgage finance system, U.S. lawmakers warned Wednesday.
Congressional leaders and housing analysts expressed those fears during a hearing, examining the role of the Federal...
At first glance, a judge's decision ordering Flagstar Bancorp to pay Assured Guaranty $90.1 million in damages and fees to...