The FDIC's insurance fund, which protects consumers's deposits, is heading for broke and according to the federal agency, it will stay that way until 2012.
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Although interest rates dipped last week ̢ below 5 percent for long-term mortgages ̢ demand for home loans declined, even with the expiration date for the first-time homebuyer tax credit quickly approaching.
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Mortgage Specialist International L.L.C. (MSI), in Dallas, Texas, has named Barry Baker its executive vice president.
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Refinance volumes fell from July to August in response to a sharp rise in mortgage rates in June, the Federal Housing Finance Agency (FHFA) said in its monthly[IMAGE] report.
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Lenders efforts to help homeowners stave off foreclosure are intensifying, according to a new report released Wednesday by the Office of the Comptroller of the Currency (OCC).
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The Mortgage Electronic Registration Service (MERS), which was set up to facilitate the quick transfer of mortgages between lenders and the inclusion of the loans in mortgage-backed securities, may not hold water legally in foreclosure proceedings.
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Gains in the prices of some formerly toxic assets may prompt banks to book some profit on positions they have already written down, but boards and auditors are likely to advise them to be cautious.
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NewOak Capital, an investment advisory and asset management firm in Manhattan, announced Wednesday that it has named Amy Levenson managing director and chairman of the company's newly formed commercial real estate loans and properties capital markets group.
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Nations REO, Inc., a division of Foreclosure Management Company (FMC) based in Overland Park, Kansas, announced Wednesday that it has deployed DepotPoint, Inc's TrackPoint platform to power the company's REO workflow and property management operations.
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Real estate and construction loans are one of the main categories of big loans that are in trouble, according to federal banking regulators.
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While national sales figures for previously-owned homes dropped 2.7 percent from July to August, the numbers for the Golden State ̢ typically considered a barometer for other housing markets ̢ receded even further.
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The American Securitization Forum (ASF) has launched a new standardized universal code that identifies critical information about mortgages and other loans securitized for the secondary market.
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Fiserv, Inc., a global provider of financial services technology solutions headquartered in Brookfield, Wisconsin, announced Monday that it has signed a definitive agreement to sell its Loan Fulfillment Solutions (LFS) business to ISGN Solutions Inc.
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For years, the Federal Reserve received ground-level warnings about the breadth and depth of the nation's impending subprime mortgage crisis but failed to take decisive action, according to an investigation published in the Washington Post Monday.
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The housing market's modest price recovery continued through the summer, according to new data Tuesday â€" a sunny estimate that could renew confidence in the economy's comeback just as uncertainty was starting to seep in.
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A nationwide rise in homeowners's negative equity is convincing more people to walk out on their mortgages, even if they have favorable credit ratings and can afford to pay their loan, according to recent studies.
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Just days after Bank of America Corp. said it was suspending its business ties with the community group ACORN and its housing arm, a bank executive has resigned from the board of ACORN Housing, according to a Wall Street Journal report.
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Freddie Mac has launched an aggressive, proactive campaign to help troubled borrowers modify their home loans under the federal government&'s mortgage relief program.
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eMortgage Logic (EML), a nationwide property valuation company headquartered in Fort Worth, Texas, has announced the addition of two new staff members.
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While some industry players argue that foreclosure suspensions instituted by lenders could ultimately flood the market with REOs and hamper the now-steady gains in home prices, Wisconsin&'s largest bank continues to employ the strategy to keep its customers in their homes.
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