The nation's serious delinquency rate on single-family mortgage loans for August was the lowest it has been in six years, according to Fannie Mae's August 2014 Monthly Summary released earlier this week.
Read More »Judge’s Ruling Paves Way For Class-Action Suit against JPMorgan Chase
A judge ruled on Wednesday that investors' claims in nine separate offerings for $10 billion worth of residential mortgage-backed securities (RMBS) were similar enough for the investors to proceed as a class for a potential lawsuit against JPMorgan Chase.
Read More »Aspen Grove Solutions Hires New VP of Industry Relations
Aspen Grove Solutions, a world leader in innovative, modular, end-to-end property enterprise software for the financial and mortgage services industries, has announced the hiring of Chuck Sockol as VP of industry relations and account management.
Read More »New York AG Commits More Funds to Homeowner Protection Program
The office of New York Attorney General Eric Schneiderman will be committing up to $40 million to aid organizations that work through the Homeowner Protection Program (HOPP) to provide housing counseling and legal services to struggling homeowners, Schneiderman announced on Monday.
Read More »Consumer Confidence Slips in September
Declines were recorded in both component indices: The group's gauge of current economic conditions fell to 89.4 from 93.9, while the index measuring consumers' outlook fell to 83.7 from 93.1.
Read More »Mortgage Contracting Services Expands Product Offerings with Acquisition of CoreLogic Business Units
Mortgage Contracting Services, LLC (MCS), a nationwide provider of property preservation, inspections and REO property maintenance to the financial services industry, announced today that it has broadened its client offerings to include appraisals, Broker Price Opinions, and other valuations-related products through its acquisition of the Collateral Solutions and Field Services business units of Irvine, California-based CoreLogic. The acquisition expands the MCS suite of mortgage services to include valuation products in both the default and loan origination sectors and also represents a significant expansion of its already strong representation in the property preservation industry.
Read More »CFPB Director Says Bureau Will ‘Vigorously Enforce’ Mortgage Servicing Rules
For the first time since the new mortgage servicing rules went into effect in January 2014, the Consumer Financial Protection Bureau (CFPB) enforced the rules, handing down a $37.5 million fine on Monday to Michigan-based bank Flagstar for illegally blocking foreclosure prevention.
Read More »Report: Distressed Homes Sold at Less Than Half Price in Eight States in August
Eight states reported a median sales price for distressed homes at less than half the sales price of non-distressed homes in August, according to a report recently released by RealtyTrac.
Read More »Single-Family Home Sales Drop in Connecticut
Single-family home sales declined in Connecticut by nearly 6 percent year-over-year in August, according to the Warren Group, publisher of the Commercial Record.
Read More »News Corp to Acquire Move, Inc. in $950 Million Deal
News Corp, one of the world's biggest mass media companies, is buying online real estate firm Move, Inc., in a $950 million cash deal.
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