The U.S. Senate's chief Democrat, Majority Leader Harry Reid (Nevada), said Wednesday that his party has reached a consensus to extend the first-time homebuyer tax credit, which is set to expire November 30.
Read More »ProVest Opens California Office
ProVest, a national process server management company, has opened an office in California to support the state's needs with evictions, litigation, and home retention efforts.
Read More »Mortgage Demand Tumbles for Third Week: Industry Report
Mortgage demand took another dive last week, despite moderating mortgage interest rates, according to the Mortgage Bankers Association's (MBA) Wednesday report.
Read More »HomeTelos Develops Loan Exit Option Program as Alternative to Foreclosure
HomeTelos, a Dallas-based firm that develops Web-based solutions to support the management and marketing of real estate assets, says its Loan Exit Option (LEO) program has demonstrated market success as an effective approach in avoiding foreclosure for borrowers, investors, and mortgage servicers.
Read More »GMAC in Talks with Treasury for Third Bailout
Even as the Treasury is going public with its expectation that banks' will be quick to repay their bailout money, GMAC Financial Services is asking the government for more cash.
Read More »Foreclosure Hot Spots Claim New Metros: RealtyTrac
Cities in California, Florida, and Nevada are still home to the 10 metro areas with the highest foreclosure rates, according to a new report released Wednesday by RealtyTrac.
Read More »Rhode Island Bankruptcy Court Adopts Loss Mitigation Program
The federal bankruptcy court in Rhode Island announced it would follow a loss-mitigation program pioneered in New York that applies when a debtor's principal residence is at risk of foreclosure.
Read More »REMIC Rule Changes Will Have Little Impact on Commercial Modifications: MBA
While recent changes to the Internal Revenue Service's rules relating to modifications held by real estate mortgage investment conduits (REMICs) allow more flexibility in restructuring commercial mortgage-backed securities, the overall impact of the changes is not expected to be significant, the Mortgage Bankers Association (MBA) said.
Read More »Geithner Sees Quick Return of Bailout Money
A number of banks are likely to return government bailout money soon, Treasury Secretary Timothy Geithner told Wall Street's main trade group.
Read More »Stewart Advances Paperless Transactions with Albuquerque’s First eNotaries
Stewart Title of Albuquerque announced Tuesday the first eNotary-outfitted title operation in New Mexico.
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