Settlement

Nearly 5.5 million residential properties were seriously underwater during the first quarter
Nearly 5.5 million residential properties were seriously underwater during the first quarter, up from the 5.4 million level in the fourth quarter of 2016 but lower than the 6.7 million level in the first quarter of 2016, according to new statistics form ATTOM Data Solutions. Seriously underwater... Keep Reading....
A bankruptcy judge issued a $45 million fine and uncommonly harsh language against Bank of America Corp. in a case where a California couple went to court to save their home from foreclosure
A bankruptcy judge issued a $45 million fine and uncommonly harsh language against Bank of America Corp. in a case where a California couple went to court to save their home from foreclosure.   According to a MarketWatch report, Judge Christopher Klein of the U.S. Bankruptcy Court in Sacramento... more
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016, while the number of total refinances in the final three months of last year was 750,769.   Furthermore, 27... more
What a difference a year makes: New data from ATTOM Data Solutions has determined there were 5.4 million residential properties seriously underwater
What a difference a year makes: New data from ATTOM Data Solutions has determined there were 5.4 million residential properties seriously underwater—where the combined loan amount secured by the property was at least 25 percent higher than the property’s estimated market value—at the end of 2016, a... more
The total U.S. loan delinquency rate for December was 4.42 percent, down 0.91 percent from November and down 7.49 percent from one year earlier, according to new data from Black Knight Financial Services (BKFS). There were 59,700 foreclosure starts last month, a 1.16 percent drop from a month... more