Settlement

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... Keep Reading....
Although the national negative equity rate fell to 10.9 percent in the third quarter, down from 13.4 percent a year earlier, 11 percent of homeowners—5.3 million households—are still underwater, according to new data from Zillow. However, negative equity is not even spread among all regions. Zillow... more
To borrow a lyric from Bruce Springsteen, the foreclosure level is “goin’ down, down, down, down.” According to CoreLogic’s October 2016 National Foreclosure Report, the foreclosure inventory declined by 31.5 percent and completed foreclosures declined by 24.9 percent compared since October 2015,... more
Last week, after years of research, I wrote a paper that detailed the urgent need for a refinance for negative equity or “underwater” non-Fannie Mae, non-Freddie Mac first mortgages, second mortgages and home equity lines of credit (HELOC)1 where no refinance option is available. Part I explained... more
There was an October surprise in the housing market: ATTOM Data Solutions reports there was a total of 105,481 U.S. properties with foreclosure filings last month
There was an October surprise in the housing market: ATTOM Data Solutions reports there was a total of 105,481 U.S. properties with foreclosure filings last month, up 27 percent from the previous month. And while this was greatest monthly increase since August 2007, it should be noted that... more