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Lenore Albert, a plaintiff's lawyer in Huntington Beach, Calif., said the consent orders federal regulators recently issued against the largest mortgage servicers gave her "another tool" to fight foreclosures.
April 25 -
Home prices fell 1.6% in February after a 1% dip in January as the GSE regulator's house price index hit yet another new low since values reached their peak in April 2007.
April 21 -
The Federal Home Loan Bank of Boston (FHLB of Boston) this week filed a complaint seeking to rescind the purchase of nearly $6 billion of MBS whose collateral is underpinned by loans to homeowners with sketchy credit.
April 21 -
FICO launched an analytic advance that substantially improves lenders’ ability to identify borrowers at risk of strategic default on mortgages.
April 21 -
Standard & Poor's late Wednesday revised its outlook on the unsecured debt issuances of Fannie Mae, Freddie Mac and the Federal Home Loan Bank (FHLB) System to "negative" from "stable" while maintaining their 'AAA' credit rating.
April 21 -
Lee Farkas isn’t exactly a household name in America, but this week he became the first mortgage executive of a once top-ranked lender to be found guilty of a fraud with its roots in the housing bust.
April 21 -
Freddie Mac reported a plunge in mortgage rates in the week ending April 21 as Treasury yields dropped.
April 21 -
Jefferies appointed Paul Kopsky as a managing director in the firm’s military housing mortgage business. He will be responsible for sourcing and originating military housing bond issue transactions.
April 21 -
Numerous mortgage brokers and loan officers apparently rushed to get as many loans as possible into the pipeline before their compensation plans changed this month.
April 21 -
The hit to mortgages Wells Fargo & Co. reported Wednesday echoes the story of many banks this earnings season. The problem for Wells is that home loans are a bigger part of its business.
April 21