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Three Democratic U.S. Representatives have signed a letter urging the federal government to investigate whether the Federal Reserve Bank of New York (FRNBY) and its monitoring of big banks.
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HUD OIG Audit Finds Florida-Based Lender in Violation of FHA’s Short Sale Program
The Office of the Inspector General for the U.S. Department of Housing and Urban Development (HUD OIG) has recommended that Jacksonville, Florida-based EverBank Servicing Lender reimburse HUD more than $1.5 million for violating the terms of the Federal Housing Administration's (FHA) Preforeclosure Sale Program.
Read More »Five States Account for Nearly Half of Completed Foreclosures in Last 12 Months
Five states accounted for almost half of all completed foreclosures nationwide in the 12-month period ending in August 2014, according to CoreLogic's August National Foreclosure Report released on Thursday.
Read More »Foreclosure Inventory Plummets Year-Over-Year in August
August saw a 32.8 percent decline in foreclosure inventory from August 2013, marking the 34th consecutive month with a year-over-year decrease, according to data released by CoreLogic on Thursday.
Read More »Report Identifies Hot Spots for Single-Family Rental Investing
RealtyTrac named 16 U.S. counties as high-risk, high-yield hot spots for single-family rental investing in its Q3 2014 Residential Property Rental Report released on Thursday.
Read More »Analysts Expect Home Price Appreciation to Continue Slowing
Annual price appreciation regularly topped 10 percent nationwide in 2012 and 2013, fueled in large part by high levels of investor activity and a shortage of homes on offer to interested buyers. As of July, yearly growth was down to 5.6 percent, according to the S&P/Case-Shiller Price Indices.
Read More »Judge Dismisses Investors’ Claims in GSE Profits Lawsuits
A judge in the U.S. District Court for the District of Columbia dismissed claims investors made against the federal government regarding the distributing of GSE profits, according to a report by Reuters.
Read More »Fannie Mae: Serious Delinquency Rate Hits Lowest Level in Six Years
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.
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