News

The U.S. Securities and Exchange Commission (SEC) agreed to partially waive the additional sanctions that could have been imposed on Bank of America following a record settlement in August over the sale of residential mortgage-backed securities, according to sources familiar with the case in a report from Bloomberg News.

Illinois-based Default Servicing Technologies (DST), a provider of web-based automated tools for asset managers and mortgage servicers to manage REO properties, has announced that custom tasks can be added to the company's DispoSolutions REO Platform.

Michigan-based default servicing legal services provider Potestivo & Associates, P.C., has been chosen by Crain's Detroit Business as one of the "Coolest Places to Work in Michigan" for 2014.

The U.S. Department of Housing and Urban Development (HUD) and Washington, D.C.-based non-profit alliance National League of Cities (NLC) have taken another step in the fight against veteran homelessness by issuing a Memorandum of Understanding (MOU) in several U.S. Cities.

Solutionstar, a subsidiary of Texas-based Nationstar Mortgage Holdings, announced Friday it has entered into an agreement to acquire Experience 1, Inc., the holding company for Title365 and two other technology subsidiaries in a $36 million cash deal.

The nationwide mortgage delinquency rate in October fell to its lowest level in seven years, according to Black Knight Financial Services' "First Look" at October 2014 Mortgage Data released on Friday.

While the housing market has made measurable strides toward recovery in the last two years, the coming year could bring the start of another downturn, one expert says. Delivering comments to a group of REO brokers and agents, Ed Delgado, ...

Despite slower economic growth in recent months following a strong showing in mid-2014, Fannie Mae's Economic and Strategic Research Group said in a report released Thursday that it still expects 2015 to be a slightly better year overall economically in the U.S

At the direction of the Federal Housing Finance Agency (FHFA), both Fannie Mae and Freddie Mac announced on Thursday updates to their life-of-loan representation and warranty framework in order to provide clarity for lenders regarding the potential risk for repurchase.

The Consumer Financial Protection Bureau (CFPB) proposed on Thursday an additional set of measures designed to expand foreclosure protections for mortgage borrowers.