Settlement

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... Keep Reading....
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
The U.S. foreclosure inventory recorded a significant 31.1 percent year-over-year plummet in September, according to new data from CoreLogic
The U.S. foreclosure inventory recorded a significant 31.1 percent year-over-year plummet in September, according to new data from CoreLogic. Completed foreclosures in September were down seven percent year-over-year, from 39,000 to 36,000. The national foreclosure inventory included approximately... more
Altisource Portfolio Solutions SA recently polled 100 mortgage servicing professionals in attendance at the Five Star Conference and Expo in Dallas
Altisource Portfolio Solutions SA recently polled 100 mortgage servicing professionals in attendance at the Five Star Conference and Expo in Dallas. The poll found that participants are optimistic that continued low interest rates will encourage homebuying (44 percent) and new financing options... more