Processor Direct US

Housing Crisis Nears Its Sunset Banks have ramped up foreclosure activity in the past five months, with default notices, scheduled auctions and bank repossessions at their highest levels in two years. It s a positive sign that banks are finally clearing out all the distressed loans still lingering from the housing crisis. Meanwhil…

Banks Take Losses in MBS Case Appeals; Is Supreme Court Next? Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats over the timing of government lawsuits, but some experts believe the industry may still have a shot in the Supreme Court.