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....
Quicken Loans Inc. has announced that it is donating $300,000 to an endeavor that will move 80 Detroit homes out of tax foreclosure and resell them to the residents who were renting them from delinquent owners
Quicken Loans Inc. has announced that it is donating $300,000 to an endeavor that will move 80 Detroit homes out of tax foreclosure and resell them to the residents who were renting them from delinquent owners.   According to a Crain’s Detroit Business report, the homes will be sold to the rents at... 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
Fannie Mae and Freddie Mac completed 48,760 foreclosure prevention actions in the second quarter, according to data released by the Federal Housing Finance Agency (FHFA).   During the second quarter, the serious delinquency rate for the government-sponsored enterprises (GSEs) fell to 0.9 percent,... more
The national foreclosure inventory rate reached its lowest point in nearly a decade, according to new data from CoreLogic
The national foreclosure inventory rate reached its lowest point in nearly a decade, according to new data from CoreLogic.   During June, 4.5 percent of mortgages were in some stage of delinquency, down 0.8 percent from one year earlier. The foreclosure inventory rate in June was 0.7 percent, down... 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
A pair of new data reports are affirming the strengthening of the housing market by highlighting the evaporating levels of foreclosure activity and mortgage delinquencies.   Black Knight Financial Services is reporting the national foreclosure inventory fell by 12,000 in July, bringing the total... more