Settlement

Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report
Home flippers are not seeing the big bucks they had hoped for, according to ATTOM Data Solutions’ latest Home Flipping Report. During the third quarter, single-family homes and condos that were flipped yielded an average gross flipping profit of $66,448 per flip, or an average 47.7 percent return... Keep Reading....
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
A 2013 confidential memo written by lawyers in the office of then-California Attorney General Kamala Harris regarding the foreclosure activities of OneWest Bank has mysteriously appeared ahead of the upcoming Senate confirmation hearings of Steven Mnuchin, the bank’s former owner and President-... more
In August of 2014, Fannie Mae successfully implemented an automated system workaround that enabled lenders to correct conventional loan Refer/Ineligible findings when past short sale credit shows up as a foreclosure in the Desktop Underwriter or Originator. Freddie Mac’s Loan Prospector automated... more
There is more very good news on the mortgage servicing side of the industry: According to the latest data from HOPE NOW, there were 113,000 mortgage solutions completed in October
There is more very good news on the mortgage servicing side of the industry: According to the latest data from HOPE NOW, there were 113,000 mortgage solutions completed in October, compared to just more than 19,000 completed foreclosures, a nearly six-to-one difference. Included in that total... more