Settlement

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 1.2 percent from May to June
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased by 1.2 percent from May to June, according to the latest First American Loan Application Defect Index report. On a year-over-year basis, the Defect Index shot up by 16.7... Keep Reading....
A 35,000-seat Ohio stadium that once hosted concerts by music legends is now the subject of a foreclosure
A 35,000-seat Ohio stadium that once hosted concerts by music legends is now the subject of a foreclosure.   According to a WKSU report, the Rubber Bowl opened in 1940 and was the stadium for the University of Akron until 2008, and it hosted the school’s sporting events along with concerts by the... more
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