The strain of the nation's economic downturn has led to unprecedented numbers of bank closures.
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While the credit crisis continues to dominate the economic news, the country's 7,848 credit unions reported record-breaking performance in new loans granted in the first half of 2009.
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In an unprecedented move, major lenders, nonprofit housing organizations, and government enterprises have joined forces to reclaim neighborhoods devastated by high concentrations of foreclosed and abandoned property.
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North Carolina-based LendingTree has launched a new online portal called Canopy, which the company says can show lenders where to find untapped loan volume and revenue.
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Federal officials are struggling to manage an impending glut of commercial real-estate foreclosures that could quickly flip the recovering economy into another tailspin, the Wall Street Journal reported Monday.
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Sawbuck Realty, an online real estate broker, recently launched its real estate e-commerce service in Dallas.
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Troubled mortgage lender Taylor, Bean & Whitaker is on the hook to a New York unit of Deutsche Bank AG for $42 million, filings revealed last week in a Jacksonville, Florida-based U.S.bankruptcy court.
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Florida Realtors are delighted about Gov. Charlie Crist's recent decision to appoint George LeMieux to serve out the remainder of U.S. Sen. Mel Martinez's term.
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Business is booming at government-sponsored mortgage giant Fannie Mae, even as its issue of securities tumbled in July, the company said in its latest monthly report.
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A national neighborhood revitalization firm, APD Solutions, LLC (APDS), will soon be celebrating the Grand Opening of its new Atlanta Headquarters.
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The Federal Deposit Insurance Corporation last week announced that delinquency rates on home-equity lines of credit improved in the second quarter, signaling a possible turning point in asset quality for lenders and investors nationwide.
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A major mortgage document firm filed state and federal lawsuits in San Francisco's U.S. District Court against its former business partner, Ellie Mae, alleging the software company violated antitrust and intellectual property laws.
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Mortgage fraud risk over the last year seems to have migrated westward, with Nevada and California dominating the 10 riskiest metropolitan statistical areas (MSAs), according to a new study released by Interthinx this week.
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Banks lost $3.7 billion in the second quarter, the FDIC reported Thursday. Write-offs for bad loans totaling $48 billion pulled the industry results into negative territory.
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Joining Wiley Publishing, Inc.'a popular for Dummies series this summer, Loan Modification for Dummies seeks to increase the general public's understanding of how loan modifications work as well as eliminating common misconceptions concerning modification programs.
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The Mortgage Bankers Association (MBA) recently released its midyear rankings of commercial and multifamily mortgage servicers.
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Lender Processing Services, Inc. (LPS) recently announced that Leading Real Estate Companies of the World, a global network of more than 600 premier real estate firms, is the first worldwide organization to join LPS's Real Estate and Living Media Network.
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Congress is in recess. But when lawmakers return after Labor Day, they'll be contemplating whether to extend their showpiece housing legislation ̢ the first-time homebuyer tax credit.
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Even though delinquencies have slowed on prime residential mortgage-backed securities, borrowers who get behind on payments are now much likelier to stay behind, Fitch Ratings said this week in a report.
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The Federal Housing Finance Agency (FHFA) announced Thursday the selection of H. Ronald Weissman as the chairman of the board of directors of the Federal Home Loan Banks's Office of Finance.
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