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Servicing news
Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.
Counties could underwrite demolition work by levying a new fee on recorded deeds under a bill gaining momentum in the remaining weeks of the legislative session.
At up to $69 a pound, the organic Kona coffee produced by Mountain Thunder Coffee Plantation is worth guarding. But a security team outside the Hawaii farm being paid $2,000 a day isn't stationed there by farm owners Trent and Lisa Bateman.
A class-action lawsuit filed in federal court last month alleges that 72 Oahu homeowner associations and two law firms acting as their agents unlawfully foreclosed on 160 homes beginning in September 2010.
Freddie Mac plans to say it will start a pilot program to increase the amount of risk it shares with private mortgage insurers.
After decades of stalled promises to tear down the vacant rowhomes that have become symbolic of Baltimore's woes, Gov. Larry Hogan pledged at the start of the year that "thousands" would come down over four years with an infusion of $75 million in state money.
The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.
Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth reperforming mortgage securitization of 2016.
Mortgage industry hiring and new job appointments for the week ending Sept. 23.
Assemblyman Sean Ryan called for the Amherst Industrial Development Agency to cancel tax breaks for PHH Mortgage Corp., after the company disclosed plans to eliminate 91 jobs at its Amherst, N.Y., facility by year's end.
A six-bedroom, 11,887-square-foot mansion in Riverwoods, Ill., that former Chicago Bulls guard Jannero Pargo lost to foreclosure in 2014 sold on Aug. 29 for $1.375 million.
Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view.
Fay Servicing, a Chicago-based mortgage services firm, will create 100 new jobs in Tampa at its new Southeastern regional headquarters.
The June Brexit vote continues to have implications for the mortgage industry, as prepayment rates jumped even higher.
Seeking to protect Los Angeles renters from unscrupulous landlords, the Los Angeles City Council voted to require landlords to tell tenants of their rental rights during so-called cash for keys deals.
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