Many critics argue that the pace of modifications under the federal Making Home Affordable program isn't keeping stride with the nation's raging foreclosure problem, so the Obama administration announced Monday that it is taking a new approach to pressure servicers into converting more trial modifications to permanent status.
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Denver-based RE/MAX International, Inc. and California's RealtyTrac announced Monday that the two companies have partnered to offer homebuyers a single online portal to search more than a million foreclosed properties and access agents specializing in short sales and foreclosures.
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Mortgage Contracting Services (MCS), a property preservation and inspection services provider headquartered in Tampa, Florida, has promoted John Maxwell to EVP of operations.
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The fall of Taylor Bean& Whitaker (TBW) has sent ripples through the mortgage lending industry.
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It's undoubtedly a buyers' market in the commercial real estate sector. Values of commercial properties in the United States have fallen to levels not seen in seven years, going back to 2002, according to Moody's Investors Service.
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Aspen Grove, Inc. recently announced the appointment of Davey Serrano as the company's new VP of sales and marketing.
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The third weekend in November proved to be a busy one for Real Estate Disposition, LLC (REDC), during which the company generated $55 million from auction activity in New York City, Las Vegas-Reno, and a national online auction.
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After pleading guilty in February 2009 to a single count of conspiring to make false statements to financial institutions, Lee Howlett was sentenced Tuesday to 41 months in prison, followed by three years of supervised release.
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In an effort to further reduce risks to its single-family insurance fund which continues to play a critical role in today's housing market, the Federal Housing Administration (FHA) proposed new regulations on Monday in order to boost lender oversight, tighten controls, and streamline lender approval.
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Through its Housing Opportunity Fund grants program, the National Association of Realtors (NAR) recently announced the disbursement of $50,950 to 16 local and state Realtor associations, in an effort to promote and expand local affordable housing opportunities in communities across the nation.
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Marathon Asset Management, L.P. has completed an initial closing of a Public-Private Investment Fund (PPIF) established under the Legacy Securities Public-Private Investment Program (PPIP), the U.S. Department of Treasury announced Monday.
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Richard R. Girouard, a Connecticut real estate developer, pleaded guilty Wednesday to one count of an indictment charging him with conspiring to commit financial institution bribery.
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The chances of defaults on mortgages made during the fourth quarter of this year are gradually diminishing compared to those originated earlier in this housing downcycle.
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Overall, demand for residential mortgages is still on a downward slope, despite record-low interest rates and extremely affordable market conditions.
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The pleas from mortgage industry groups to sideline the GSEs' Home Valuation Code of Conduct (HVCC) continue.
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Delinquencies on home loans within Fannie Mae and Freddie Mac's portfolios continue to climb, according to a report issued this week by the two companies' conservator, the Federal Housing Finance Agency (FHFA).
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It's official: the overwhelming number of bank failures since the onset of the nation's financial crisis have pushed the FDIC's insurance fund into negative territory.
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The bankrupt commercial real estate lender Capmark Financial has been given the green light to sell its North American servicing and mortgage banking business to Berkadia Commercial Mortgage LLC, a joint venture of Warren Buffett's Berkshire Hathaway Inc.
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At American Land Title Association's (ALTA) annual convention, the company announced the election of Peter J. Birnbaum, president of Attorney Title Guaranty Fund (ATG), to the 2009-2010 board of governors.
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The average interest rates for both conventional 30-year and 15-year fixed-rate mortgage loans of $417,000 or less fell in October, the Federal Housing Finance Agency (FHFA) reported Tuesday.
According to the report, interest rates on conventional 30-year fixed-rate loans of $417,000 or less fell 13 basis points to 5.
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