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According to the OCC’s Mortgage Metrics Report for the Third Quarter of 2015, 93 point 9 percent of outstanding residential mortgages serviced by eight national banks—Bank of America, JPMorgan Chase, Citibank, HSBC, OneWest Bank, PNC, U.S. Bank, and Wells Fargo—were ...

The U.S. Senate voted unanimously to pass legislation extending a provision of the Servicemembers Civil Relief Act that protects active duty servicemembers from losing their homes. The bill, introduced by Sen. Sheldon Whitehouse, extends through 2017 the provision of the ...

It has been nearly four years since housing prices bottomed out nationwide. Since then, the fortunes of homeowners and renters alike have been mixed across a wide spectrum depending on where they live, according to a report by Trulia on ...

The nation’s foreclosure inventory, or the share of residential mortgage loans in some state of foreclosure, is only a fraction of what it was at its peak. A large portion of the foreclosure inventory that is remaining is concentrated in ...

Some in the industry have initiated a charge to eliminate Fannie Mae and Freddie Mac and take over the mortgage industry—and at the forefront of that charge is a group of high-level industry professionals that has moved back and forth ...

In what many viewed as the final piece of the puzzle before a Fed liftoff later this month, the Bureau of Labor Statistics reported solid job gains of 211 thousand for November in the Employment Summary for November 2015 released ...

American Homes 4 Rent and American Residential Properties, Inc. both announced on Thursday morning plans to merge into a combined company that is expected to own and manage more than 47 thousand residential single-family rental homes. The merger is expected ...

The distressed sales share was reported at 9 point 7 percent as of the end of September 2015, according to data released by CoreLogic on Wednesday. The distressed sales share has been on a steady decline for the last six ...

Real estate investors have made non-performing notes the hottest topic in real estate today because they realize that non-performing notes give them a way to buy deeply discounted real estate for quick cash or long-term cash flow without the concerns of a dwindling inventory and tenants.

While delaying foreclosure on a home does have some potential benefits, for the most part it is counterproductive, according to data released this week by Freddie Mac. The Enterprise notes the time it takes to foreclose on a home is ...