Settlement

Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report.   The first mortgage default rate was 0.67 percent last month, up one basis point from September but below the 0.70 percent rate from one year earlier.... Keep Reading....
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... more
There were 30,000 permanent loan modifications completed in February
There were 30,000 permanent loan modifications completed in February, up from 29,000 in January, according to new data from HOPE NOW. Within the total number of modifications, an estimated 20,000 were through proprietary programs and 9,445 were completed via HAMP.   During February, there were... more
Fannie Mae and Freddie Mac completed 14,558 foreclosure prevention actions in January, according to new data released by the Federal Housing Finance Agency (FHFA)
Fannie Mae and Freddie Mac completed 14,558 foreclosure prevention actions in January, according to new data released by the Federal Housing Finance Agency (FHFA).   During the first months of the year, the government-sponsored enterprises (GSEs) completed 9,405 permanent loan modifications; the... more
Foreclosure filings were reported on 234,508 U.S. properties in the first quarter of 2017
Foreclosure filings were reported on 234,508 U.S. properties in the first quarter of 2017, down 11 percent from the previous quarter and down 19 percent from a year ago to the lowest level since the third quarter of 2006, according to new data from ATTOM Data Solutions. Furthermore, the first... more