News
Mortgage finance giant Fannie Mae reported first-quarter pre-tax net income of $8.1 billion on Thursday morning, compared to $7.6 billion from the previous quarter, as a result of strong credit results driven by an improving housing market and the enterprise’s resolution...
Mortgage finance giant Fannie Mae reported first-quarter pre-tax net income of $8.1 billion on Thursday morning, compared to $7.6 billion from the previous quarter, as a result of strong credit results driven by an improving housing market and the enterprise’s resolution...
Specialty finance firm Shellpoint Partners says the U.S. Securities and Exchange Commission approved a registration filing that will allow the company to issue private-label residential mortgage-backed securities.
The step allows the firm to sell as much...
Specialty finance firm Shellpoint Partners says the U.S. Securities and Exchange Commission approved a registration filing that will allow the company to issue private-label residential mortgage-backed securities.
The step allows the firm to sell as much...
The first winning bidder for the Federal Housing Finance Agency REO pilot initiative, Pacifica Companies, picked BSI Financial Services to service two of its key securitizations.
As a private mortgage servicer, BSI will manage Pacifica's Real Estate...
The number of suspicious activity reports from banks citing possible loan fraud decreased by 29% last year, the first drop in 16 years.
Until 2012, mortgage loan fraud was the only suspicious activity report that increased every year, beginning in 1996. The past three years alone...
The number of suspicious activity reports from banks citing possible loan fraud decreased by 29% last year, the first drop in 16 years.
Until 2012, mortgage loan fraud was the only suspicious activity report that increased every year, beginning in 1996. The past three years alone...
A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its ReconTrust Co. subsidiary.
For simply...
After spending five years as a commercial real estate broker, Michael Mandel knew the industry was desperately missing a critical component, transparency.
That lack of transparency in the market led Mandel to create CompStak, which uses crowdsourcing to create a...
After spending five years as a commercial real estate broker, Michael Mandel knew the industry was desperately missing a critical component, transparency.
That lack of transparency in the market led Mandel to create CompStak, which uses crowdsourcing to create a...
Sterne Agee recently toured five Southern California new home communities between San Diego and Los Angeles. These communities are estimated to be 5% of the homebuilder coverage’s neighborhoods, but a prime example of the supply and demand problem happening throughout the...
Sterne Agee recently toured five Southern California new home communities between San Diego and Los Angeles. These communities are estimated to be 5% of the homebuilder coverage’s neighborhoods, but a prime example of the supply and demand problem happening throughout the...
Carrington Holding Co. promotes the firm as a diversified real estate company with default, home inspection, investment, real estate and title solutions among others operating under one roof.
To reflect this business model, the company is renaming several business units...
Walker & Dunlop more than doubled its 2013 first-quarter revenue, which soared to $69.2 million compared to $34.4 million for the same period a year earlier.
The spike in revenue is attributed to a 157% increase in loan originations and a 118% rise in the servicing...
Walker & Dunlop more than doubled its 2013 first-quarter revenue, which soared to $69.2 million compared to $34.4 million for the same period a year earlier.
The spike in revenue is attributed to a 157% increase in loan originations and a 118% rise in the servicing...