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....
CoreLogic has released its August 2016 National Foreclosure Report which shows the foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015
CoreLogic has released its August 2016 National Foreclosure Report which shows the foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015. The number of completed foreclosures nationwide decreased year over year from 64,000 in... more
There is no refinance available for as many as 6.4 million negative equity homeowners who have a conventional first mortgage not backed by government-sponsored enterprises (GSEs), Fannie Mae or Freddie Mac, or a second mortgage or home equity line of credit (HELOC) that is “underwater,” where more... more
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