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....
Distressed sales accounted for 7.8 percent of total home sales nationally in June, according to new data from CoreLogic
Distressed sales accounted for 7.8 percent of total home sales nationally in June, according to new data from CoreLogic. This represents a 0.8 percent decline from May and a 2.2 percent drop from June 2015. Within the distressed category, real estate-owned (REO) sales accounted for 4.9 percent, a 1... more
Default rates on first and second mortgages took a slight increase last month, according to new data released by the S&P/Experian Consumer Credit Default Indices
Default rates on first and second mortgages took a slight increase last month, according to new data released by the S&P/Experian Consumer Credit Default Indices. The default rate on first mortgages was at a 0.68 percent rate in August, up from 0.66 percent in July, while the second mortgage... more
The U.S. foreclosure inventory plummeted 29.1 percent in July on a year-over-year measurement
The U.S. foreclosure inventory plummeted 29.1 percent in July on a year-over-year measurement, while the volume of completed foreclosures fell from 41,000 in July 2015 to 34,000 one year later, a 16.5 percent slide, according to new data from CoreLogic. The national foreclosure inventory included... more
Equator has announced the launch of Equator Agent Elite
Equator has announced the launch of Equator Agent Elite, a premium suite of tools for REO real estate agents that adds transparency and actionable insight to the real estate-owned (REO) market. Equator Agent Elite provides agents access to Equator’s local REO market insights, real-time notification... more