The New York attorney general is reportedly investigating reverse mortgage servicing practices at units of Nationstar Mortgage and OneWest bank
Former homeowners, speaking before the Senate, urged the rejection of Steve Mnuchin’s nomination as Treasury secretary after foreclosure issues with OneWest bank
A former attorney has been convicted in a mortgage fraud scheme involving more than a dozen properties.
Last week the Department of Justice asked a federal judge to add a Wells Fargo exec to the fraud suit filed against the big bank more than a year ago.
The terms of JPMorgan Chase’s record $13bn mortgage-bond settlement with the government will undermine Washington’s efforts to move mortgage-market risk from taxpayers to private capital, according to the world’s largest money manager.
Delinquency rate also falls in October.
More than a dozen people have been charged in what federal prosecutors are calling a multimillion-dollar mortgage fraud scheme.
Commercial real estate is seeing modest but steady growth, but tight credit standards continue to slow recovery.