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Dual tracking, the process of launching a foreclosure while a borrower is still pursuing a loan modification, is down by almost half in California, according to law University of California Irvine professor Katherine Porter, who serves as a monitor for the national mortgage servicing settlement in the Golden State.

California Attorney General

Ocwen shares, which have doubled in value this year, surged as much as 21 percent to a life high of $34.98 on

Subprime mortgage servicers across the board improved their cash flow efficiency in the second quarter by stepping up liquidations and modifications, Moody’s Investors Service says.

The firm’s cash flow efficiency metric rose to 0.29 in the second quarter from 0.27 in the first. The metric measures the amount of cash that servicers collect on m

The first debate between Scott Brown and Elizabeth Warren was riddled with racial undertones and cheap shots from Brown on Warren's heritage among other things. The following week, a video of Brown's staffers was released showing them making tomahawk gestures and yelping like Injuns from an old episode of F-Troop with the Hekawis. Brown isn't the