Settlement

Share of Negative Equity Homeowners Falls Below 10 Percent
For the first time since the Great Recession, the share of homeowners who owe more than the value of their homes is below 10 percent
For the first time since the Great Recession, the share of homeowners who owe more than the value of their homes is below 10 percent, according to Zillow’s Negative Equity Report covering the fourth quarter of 2017.   Zillow recorded a 9.1 percent share of underwater homeowners in the final quarter... Keep Reading....
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The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.63 percent at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA)
 The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.63 percent at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA). This marks a 54-basis-point drop from the fourth quarter and an eight-... more
One of Hollywood’s most influential filmmakers has been hit with a foreclosure lawsuit related to his townhouse in New York City’s Upper East Side
 One of Hollywood’s most influential filmmakers has been hit with a foreclosure lawsuit related to his townhouse in New York City’s Upper East Side.   The New York Post is reporting that Oscar-winning director Martin Scorsese was sued for allegedly not paying for construction supplied used to... more
More than 5.2 million residential properties were seriously underwater during the first quarter of this year
 More than 5.2 million residential properties were seriously underwater during the first quarter of this year, according to new statistics released by ATTOM Data Solutions. This represents 9.5 percent of all residential properties with a mortgage, slightly higher than the 9.3 percent level in the... more
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank
 The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank, assessing a $1 billion penalty against the bank. The Bureau’s action is a coordinated action with the Office of the... more

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