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Flagstar

Flagstar recovers a small portion of its loan to Live Well

Flagstar Bank expects to recover $1 million of its loan to defunct reverse mortgage lender Live Well Financial following the sale of the...
Toronto home sales soar in July amid housing supply crunch

Don’t-pay-till-you-die reverse mortgages are booming in Canada

Reverse mortgages are surging in Canada as more older people join the country's debt bandwagon.If you're 55 or older, you can borrow as...
Ditech deal with homeowners paves way for $1.8B sale

Ditech deal with homeowners paves way for $1.8B sale

Bankrupt mortgage servicer Ditech Holding Corp. cleared the way for the $1.8 billion sales of its businesses by agreeing on Tuesday to preserve...
Former CEO of Live Well Financial arrested in bond fraud scheme

Former CEO of Live Well Financial arrested in bond fraud scheme

Live Well Financial CEO Michael Hild has been charged with misrepresenting the value of a bond portfolio in parallel actions by the U.S....
Ditech sale blocked by homeowner claims of botched mortgages

Ditech sale blocked by homeowner claims of botched mortgages

Bankrupt mortgage servicer Ditech Holding Corp. saw its reorganization plan rejected on Wednesday after a federal judge ruled the company couldn't sell its...
Ginnie

Ginnie Mae eyes mortgage securities issuers’ secured debt ratios

Ginnie Mae will be taking a closer look at mortgage-backed securities issuers with higher ratios of secured debt to gross tangible assets.Single-family issuers...
HUD Secretary Ben Carson

HUD to loosen restrictions on FHA condo mortgage insurance

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry...
Hey students, can you afford to live here? | 2019-05-29

FHA loosens condo eligibility requirements for reverse mortgages | 2019-08-14

The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it’s bringing back spot approvals and...
Ocwen

Ocwen extends profitability timetable as mortgage rate drop steepens

Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability."To...
SEC, FBI reportedly investigating Live Well Financial collapse | 2019-06-18

NY attorney general opposes Ditech sale, announces investigation into reverse mortgage business | 2019-07-25

Just last week, Bank of America filed a motion in bankruptcy court objecting to Ditech Holding’s sale of its reverse mortgage business, claiming...

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According to a new report from Zillow, the typical home buyer spends more than four months shopping for the perfect place

Zillow Report Finds Patience Pays When Mortgage Shopping

According to a new report from Zillow, the typical home buyer spends more than four months shopping for the perfect place, touring an...
ARMCO

Fewer critical defects in closed mortgages, but income errors rise

While the critical defect rate for closed mortgage loans fell on a quarter-to-quarter basis, there were increases in income and packaging-related deficiencies, an...
Covius buying sizable chunk of Chronos Solutions' business | 2019-06-05

VA picks Veros to provide appraisal management services for VA loans | 2019-09-20

Veros Real Estate Solutions already plays a big role in loans backed by the Federal Housing Administration, Fannie Mae, and Freddie Mac, and now, the company will...
James Valentine Picks Up Toluca Lake Home – Variety

James Valentine Picks Up Toluca Lake Home – Variety

Powerhouse film and television producer Dana Brunetti sold his showbiz pedigreed home in L.A.’s exclusive Toluca Lake community for $6.4 million, notably above...

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