According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…

In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...

The FHA loans were originated through the bank’s mortgage subsidiary, First Horizon Home Loans, which was sold to MetLife Bank in August 2008.

Chase was the second-ranked jumbo lender in the first quarter of 2015, nearly closing the wide gap that Wells Fargo has maintained in recent years.

The higher loan limit for the jumbo program will go into effect early in the third quarter.

But the product does not come cheap. On an A- credit loan, the rate is set at 8.25 percent when CLTV is 60 percent.

By signing the addendum, the borrower certifies that he or she will make payments on the mortgage or become indebted to the federal government...

Although Provident entered into a consent order, it said in a follow-up statement that it has no knowledge that brokers “were allegedly overcharging certain borrowers.”

We understand that a large pool of nonprime mortgage loans is looking for a home...

“What Dewsnup held is that the lienholder, according to the basic non-bankruptcy bargain, is entitled to keep its lien until payment in full or until a lender decides to foreclose,” said attorney Danielle Spinelli...