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Updated: 24 min 49 sec ago
After recently naming a new vice chairman of the board, secretary of board and chief executive officer, The Mortgage Collaborative, an independent lending cooperative serving small and mid-sized mortgage lenders and community-based lending institutions, announced the additions of Rich Swerbinsky and Nancee Mueller to its growing senior executive team.
Freddie Mac announced a new program for auctioning off pools of deeply delinquent non-performing loans from its mortgage investment portfolio. The new program will target smaller investors by making smaller pools of non-performing loans available.
A recently approved Manhattan luxury condominium is generating a lot of buzz in the city since the building will have a separate door for its low-income residents. Who thought this was a good idea?
Private mortgage insurers, especially legacy insurers, are well positioned for success under the newly announced Private Mortgage Insurer Eligibility Requirements from the Federal Housing Financing Agency, according to a new report from Moody's. Click on through to find out why.
loanDepot CEO and Founder Anthony Hsieh's goal to be the No. 1 nonbank consumer lender might not be too far from reality. The lender announced it will begin offering personal loans in the next month, marking the beginning of more growth outside the world of housing. Is this the new way of nonbank lenders?
Home prices are rising roughly twice as fast as wages, putting pressure on potential homebuyers and heightening the risk that any uptick in interest rates could be a setback. What can be done to fix this?
The Consumer Financial Protection Bureau and the Federal Trade Commission are taking action against Green Tree Servicing for “mistreating borrowers” who were attempting to save their homes from foreclosure. According to the CFPB and the FTC, Green Tree failed to honor modifications for loans transferred from other servicers, demanded payments before providing loss mitigation options, delayed decisions on short sales, and harassed and threatened overdue borrowers. Here is Green Tree's response.
Vandalism and break-ins can be a big problem for investor-owned and REO portfolios, and one former home flipper developed a solution after he realized that alarm systems don’t really offer any protection.
FICO isn’t done making waves in the industry. After announcing a new credit program for risky borrowers at the beginning of the month, it is working to make sure those same type of borrowers are also financially educated.
Safeguard Properties, the mortgage field services provider, announced the promotion of Michael Greenbaum to the position of chief operating officer. Greenbaum, who joined Safeguard in 2010, previously served as vice president of operations.
MGIC Investment Corp. today reported net income for the quarter that beat analyst expectations, with a big gain in net insurance written in the first quarter. Here's where they took off.