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Report: Foreclosure Activity Trends Increasing

“The silver lining of this trend is that it’s usually local or regional investors seeking to purchase commercial REO properties, often to launch new concepts or businesses,” said Michael [...]

CFPB Fines Bank of America Over HMDA Violations

The Bureau has ordered the bank to pay $12 million into the CFPB’s victims relief fund for falsifying forms about mortgage applicants and reporting incorrect information to federal regulators. [...]

FHA to Enhance Its 203(k) Rehab Program

Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair [...]

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