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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A total of 189,870 residential properties carried a foreclosure filing during the first quarter of this year, up four percent from the previous quarter, but 19 percent below the same period one year earlier
 A total of 189,870 residential properties carried a foreclosure filing during the first quarter of this year, up four percent from the previous quarter, but 19 percent below the same period one year earlier, according to a new report from ATTOM Data Solutions. A total of 92,703 properties started... more
The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007
 The National Fair Housing Alliance (NFHA) has settled a lawsuit with Travelers Indemnity Co. that will now guarantee landlords in the Washington, D.C., housing market will not be denied commercial insurance coverage from Travelers because their apartments being are rented to people using Housing... more
Residential property delinquencies showed signs of despite the lingering impact of Hurricanes Harvey and Irma, according to new data from CoreLogic
 Residential property delinquencies showed signs of despite the lingering impact of Hurricanes Harvey and Irma, according to new data from CoreLogic.   During November, CoreLogic determined that 5.1 percent of mortgages were in some stage of delinquency, down by a scant 0.1 percent from one year... more
A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017
 A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017, the lowest level in the 21st Century, according to new data from Black Knight Inc. Outside of the markets impacted by Hurricanes Harvey and Irma—90 percent of the country—the national delinquency rate... more

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