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....
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
November 2016 saw a total of approximately 107,000 total loan modifications, short sales, deeds in lieu and workout plans compared to an estimated 21,500 foreclosure sales, according to new data from HOPE NOW. Included in that total solutions figure were an estimated 29,000 permanent loan... more
Ocwen Financial Corporation has announced that the company helped approximately 75,000 homeowners avoid foreclosure through responsible loan modification programs in 2016. These modification programs include both the U.S. Department of the Treasury Home Affordable Modification Program (HAMP), as... more
The national foreclosure inventory plummeted by 30 percent on a year-over-year basis in November 2016, while the level of completed foreclosures fell by 25.9 percent, according to new data from CoreLogic. On a month-over-month basis, the November 2016 foreclosure inventory fell 2.4 percent compared... more