Settlement

There were 30,000 permanent loan modifications completed in February
There were 30,000 permanent loan modifications completed in February, up from 29,000 in January, according to new data from HOPE NOW. Within the total number of modifications, an estimated 20,000 were through proprietary programs and 9,445 were completed via HAMP.   During February, there were... Keep Reading....
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
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