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....
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
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