Investors see gold rush in renting foreclosed homes
Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord. He’s joining a growing list of big and small investors who see fat profits...
View ArticleBanks work out mortgages
While banks have programs that speed modifications on loans by forgiving principal, government-sponsored entities typically don’t allow servicers to do so.
View ArticleMorgan Stanley to pay $1.3B mortgage settlement
Morgan Stanley said Tuesday that it has agreed to pay $1.25 billion to resolve a lawsuit over mortgage securities with the Federal Housing Finance Agency.
View ArticleMetLife will pay gov’t $123.5M in mortgage settlement
The Justice Department says MetLife knew many of the loans it issued didn't meet federal requirements but rarely informed the FHA about the problem.
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