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More than 5.2 million residential properties were seriously underwater during the first quarter of this year

9.5 Percent of Mortgaged Residences Are Seriously Underwater

More than 5.2 million residential properties were seriously underwater during the first quarter of...Read more
CIS Credit Solutions (CIS), a credit reporting agency serving the mortgage industry, has acquired the Mortgage Solutions Business of Alliance 2020 Inc.

Bureau of Consumer Financial Protection Hits Wells Fargo With $1 Billion Fine

The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer...Read more
A total of 189,870 residential properties carried a foreclosure filing during the first quarter of this year, up four percent from the previous quarter, but 19 percent below the same period one year earlier

Foreclosure Activity Remains at Pre-Recession Levels

A total of 189,870 residential properties carried a foreclosure filing during the first quarter of...Read more
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007

Travelers Indemnity Settles Housing Discrimination Lawsuit

The National Fair Housing Alliance (NFHA) has settled a lawsuit with Travelers Indemnity Co. that...Read more
Buyers' monthly housing costs are growing rapidly as mortgage rates have risen significantly since the beginning of the year

Early-Stage Mortgage Delinquencies Drop

Residential property delinquencies showed signs of despite the lingering impact of Hurricanes...Read more
A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017

Foreclosure Starts, Completions at 17-Year Lows

A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017,...Read more
Ocwen Financial Corporation will join the NAACP to host a borrower outreach event in Houston for homeowners who are having difficulty making their mortgage payments or experiencing a hardship due to Hurricane Harvey

Ocwen to Join NAACP for Homeowner Relief Event in Houston

Ocwen Financial Corporation will join the NAACP to host a borrower outreach event in Houston for...Read more
General Electric has agreed to a $1.5 billion settlement to resolve federal claims involving the alleged misrepresentation of sub-prime loans originated by its former sub-prime mortgage subsidiary WMC Mortgage

FTC Levels Charges in Loan Mod Scam

The Federal Trade Commission (FTC) has charged 11 companies and three individuals with running a...Read more
Dart Appraisal has announced the celebration of its 25th anniversary in 2018

Dart Appraisal Celebrates Its 25th Anniversary

Dart Appraisal has announced the celebration of its 25th anniversary in 2018. “Very early on, I...Read more
New York City-based SLK Global Solutions, a business process transformation enterprise provider, has named Nate Johnson as its new senior vice president-mortgage business leader

PHH Agrees to $45M Servicing Settlement

PHH Corp. has announced a settlement with the Multi-State Mortgage Committee (MMC) and the...Read more

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