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Baltimore tries again to banish foreclosure-related blight; collection agency uses Facebook to locate debtor; Freddie Mac hiking fees; and more.
By Sara LeproNovember 23 -
Global Debt Registry was created to track ownership of delinquent credit card receivables, but the company’s CEO says its system could easily be applied to the mortgage industry.
By Sara LeproNovember 22 -
Some banks find supporting area businesses through local currency programs is a natural fit.
By Sara LeproNovember 22 -
The Securities and Exchange Commission is reportedly investigating a complex $1 billion investment deal Citigroup Inc. arranged leading up to the financial crisis.
By Sara LeproNovember 18 -
Both the rate of delinquencies and the share of residential mortgage loans in foreclosure dropped during the third quarter, while the percentage of loans on which foreclosures were started rose.
By Sara LeproNovember 18 -
Both the rate of delinquencies and the share of residential mortgage loans in foreclosure dropped during the third quarter, while the percentage of loans on which foreclosures were started rose.
By Sara LeproNovember 18 -
Mortgage servicers, prepare to be grilled by Maxine Waters; licensing challenges motivate LendingTree to acquire a brick-and-mortar lender; and more.
By Sara Lepro and Stacy KaperNovember 17 -
Fannie Mae Chief Financial Officer David Johnson plans to leave the company by yearend, according to a regulatory filing Tuesday.
By Sara LeproNovember 16 -
LendingTree LLC has agreed to buy SurePoint Lending, a traditional mortgage originator in Louisville, Ky., giving the online-focused company a branch network for the first time in its 12-year history.
By Sara LeproNovember 16 -
LendingTree has agreed to buy SurePoint Lending, giving the online-focused company a branch network for the first time in its 12-year history.
By Sara LeproNovember 16 -
Boomerang Lending lets affluent consumers in a pinch sell their Rolexes and Picassos discreetly and anonymously from home, and later repurchase the goods (with interest).
By Sara LeproNovember 15 -
Like a mother who hides her child's vitamins in the cereal, USAA Federal Savings Bank is disguising new technology through old-fashioned, face-to-face service.
By Sara LeproNovember 11 -
Deposition suggests a servicing operation that Citi bought (and later closed) used robo-signers; Moody's has doubts about custodians; and more.
By Sara Lepro and Kate BerryNovember 11 -
Circumstances beyond its control drove Sallie Mae into retail banking, but the venture, once a stopgap, is now the cornerstone of its survival strategy.
By Sara LeproNovember 8 -
Fannie Mae said Friday that it lost $3.46 billion during the third quarter, as it paid a $2.12 billion dividend payment to the government.
By Sara LeproNovember 5 -
Fannie Mae said Friday that it lost $3.46 billion during the third quarter, as it paid a $2.12 billion dividend payment to the government.
By Sara LeproNovember 5 -
Fitch Ratings on Thursday assigned a negative outlook on the entire U.S. residential mortgage servicing sector, citing growing concerns over the defects that have been identified in the foreclosure processes at some servicers.
By Sara LeproNovember 4 -
Repurchase requests from investors, including the government-sponsored enterprises Fannie Mae and Freddie Mac, could end up costing banks a total of $43 billion through 2012.
By Sara LeproNovember 4 -
"It may be difficult, expensive, and time consuming ... to enforce our contractual rights" against lenders that improperly executed documents, the GSE said. It's also worried about alienating "our largest sources of mortgage loans."
By Sara LeproNovember 3 -
B of A redeploys companywide general auditor to manage mortgage risk; a report card on Florida's "rocket docket"; and more.
By Marc Hochstein and Sara LeproNovember 3


