Brian Collins | May 16
Most Federal Reserve officials foresee a continued slow recovery in the housing market and some are optimistic the improvement may pleasantly surprise their fellow members on the Federal Open Market Committee.
Brad Finkelstein | May 16
Capital Trust, a real estate investment trust that invests in commercial real estate loans and securities, said it is exploring "strategic alternatives."
Brian Collins | May 16
Protracted negotiations generally revolve around the sales price and the formula used to determine if the borrower has the financial assets to offset some of the losses, according to FHFA acting director Edward DeMarco.
Evan Nemeroff | May 16
Short sales outnumbered REO sales in 12 states in January, RealtyTrac said, indicating that lender-servicers have agreed to sell the home for less than what’s owed on the mortgage, therefore preventing a borrower from going through the foreclosure process which costs more than executing a short sale.
Evan Nemeroff | May 16
Beazer Homes USA formed a real estate investment trust called Beazer Pre-Owned Rental Homes to acquire, refurbish and lease recently constructed, previously owned single-family homes on a large scale in select markets throughout the country.
Paul Muolo | May 16
Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008.
Paul Muolo | May 16
When Residential Capital Corp. filed for bankruptcy protection it left behind a trail of unsecured creditors with claims totaling well over $1 billion.
Lew Sichelman | May 16
Bank of America is taking its small Florida pilot short-sale incentive program national.
May 15
An answer to why people hold their job in the mortgage marketplace or elsewhere does not come by so easily. Do people work simply to survive, or because it’s enjoyable and meaningful? The world of work is in a state of transition. It is now facing a new direction.
Austin Kilgore | May 15
Loan origination system vendor Mortgage Builder announced that it will acquire GCC Servicing Systems, the mortgage technology vendor it was spun off from in 1998.
Amilda Dymi | May 15
Zillow Inc. is intensifying its efforts to create an untraditional media model that expands through strategic acquisitions.
Amilda Dymi | May 15
A 21% year-over-year decline in the inventory of homes listed for sale by mid-May indicates many metro areas hardest hit by price declines may be recovering.
Paul Muolo | May 15
Name a foreign bank that successfully bought a U.S. mortgage banking operation—or grew one from scratch—and actually did well with it.
Austin Kilgore | May 14
The FHFA has created a financial incentive for executives at Fannie Mae and Freddie Mac to ensure that deadlines for the Uniform Mortgage Data Program are met.
Amilda Dymi | May 14
New findings show persisting foreclosure problems in the nation’s 100 largest metro areas are deteriorating for the first time in over six quarters.
