The distressed property share of home sales has decreased in each of the seven months ending in November, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
ES Appraisal Services, Jacksonville, FL, has closed its doors, the second national appraisal management company to have gone bust in the past year. It also uses the trade name eValuation Solutions LLC.
The Department of Housing and Urban Development late in the first quarter will auction off a package of up to 15,000 severely delinquent FHA-insured mortgages. A portion of the loans will be offered in Neighborhood Stabilization Outcome (NSO) pools in targeted areas.
A new analysis by Public Citizen of a variety of data points on foreclosures paints a grim portrait of the havoc wrought upon homeowners by the Great Recession.
Mortgage portfolio vendor Altisource has completed the spin-off of two of its units, including one that will focus on buying and owning single-family rental assets.
Happy New Year? It is if you’re a mortgage attorney charging billable hours to lenders that are trying to make sense of an array of pending rules coming out of the Consumer Financial Protection Bureau and other agencies.
Walter Investment Management Corp. is expanding its presence in the reverse market with an agreement to acquire Security One Lending (S1L), a California-based retail and wholesale reverse mortgage lender, in a stock-purchase deal valued at up to $31 million.
Mortgage lenders saw a welcome decline in the volume of repurchases and indemnifications they had to make during the third quarter, but a new analysis of two major databases by Inside Mortgage Trends reveals that the industry made little progress in resolving the massive overhang of disputes involving loans from the depth of the housing crisis.
Merrill Lynch is in the market actively buying jumbo mortgages and is also looking for an executive to manage its correspondent purchases, secondary market officials told Inside Mortgage Finance.
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