As rates feel upward pressure, fraud and misrepresentation are also on the rise
A sudden interest-rate hike in Q4 caused profits to plummet
Overall distressed home sales have fallen to pre-bubble levels; but for some states, REO and short sales still make up more than 20% of their total sales.
Executives can be divided into five categories, requiring different methods of persuasion.
Our "Lenders Wanted” section connects originators with lenders who can fund tough-to-finance loans
Two U.S. Congress members have requested the GAO look into the risks posed by nonbank mortgage companies, noting the firms are not regulated as strictly as banks.
The nation’s largest servicer of subprime mortgages may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, according to New York regulators.
Despite recent efforts made by officials to ease uncertainties among lenders, the industry still has a lot to do before credit begins to expand.