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....
Default rates on first mortgages took a slight dip last month while the default rates on second mortgages took an upturn, according to the latest report from the S&P/Experian Consumer Credit Default Indices
Default rates on first mortgages took a slight dip last month while the default rates on second mortgages took an upturn, according to the latest report from the S&P/Experian Consumer Credit Default Indices. During September, first mortgage default rates were recorded at 0.67 percent, down one... more
Last month saw a total of 82,972 properties with foreclosure filings, according to new statistics released by ATTOM Data Solutions
Last month saw a total of 82,972 properties with foreclosure filings, according to new statistics released by ATTOM Data Solutions. September’s data represented a 13 percent drop from August, a 24 percent plummet from one year earlier, and the lowest level of foreclosure activity since December... more
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