Settlement

Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report
Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report. During the third quarter, single-family homes and condos that were flipped yielded an average gross flipping profit of $66,448 per flip, or an average 47.7 percent return... Keep Reading....
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report.   The first mortgage default rate was 0.67 percent last month, up one basis point from September but below the 0.70 percent rate from one year earlier.... more
Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing and viable option for consumers
Mortgage servicers are increasingly working to make real estate-owned (REO) assets a more appealing and viable option for consumers, according to the inaugural Default Servicing Survey released by Altisource Portfolio Solutions.   Eighty-two percent of the 200 mortgage default servicing... more
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information Act request made by the California... more
ATTOM Data Solutions has released its Q3 2017 U.S. Home Equity & Underwater Report, which shows that there were 4.6 million (4,628,408) U.S. properties that were seriously underwater
ATTOM Data Solutions has released its Q3 2017 U.S. Home Equity & Underwater Report, which shows that there were 4.6 million (4,628,408) U.S. properties that were seriously underwater, down by more than 800,000 properties from the previous quarter and down by more than 1.4 million properties... more