News

Freedom Mortgage Corp., is the latest company to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.

New, healthy housing markets are emerging in the midst of continued improvement in the job market. Which markets present the most opportunity for investors?

Trouble is quietly brewing among the largest U.S. financial institutions. Recent earnings statements have shown a dip in profits due loan losses, increased reserves in the oil and gas sectors, and declines in investment banking revenue and profits.

The Five Star Institute President and CEO, Ed Delgado, has announced the formation of the Single-Family Rental Association, a member-led conduit for connection and training in the growing single-family rental market.

CoreLogic, a global property information, analytics, and data-enabled services provider, announced that its condominium project review solution, CondoSafe, will support the new Fannie Mae and Freddie Mac Condominium Project Questionnaires that the GSEs announced on March 29, 2016.

It was a tough first quarter for Bank of America, as the bank experienced a year-over-year decline of 13 percent in net income.

The PNC Financial Services Group's residential mortgage banking division faced losses at the start of the year due to losses related to mortgage servicing rights and lower loan sales.

The theme ringing throughout the Five Star Institute's 7th Annual Legal League 100 Spring Servicer Summit Thursday in Dallas, Texas, was this: The default servicing industry is rapidly changing.

While the industry shudders at the thought of a change to the cherished mortgage interest deduction, the future of homeownership could stand to benefit from such a change.

Fannie Mae and Freddie Mac will soon be required to offer principal reduction to certain seriously delinquent, underwater borrowers that are grappling with the after effects of the crisis. How will this affect the GSE bottom lines?