Settlement

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... Keep Reading....
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information
Last year saw a 646 percent increase in foreclosures against seniors with federally-insured reverse mortgages as compared to the previous seven years, according to Department of Housing and Urban Development (HUD) data received by a Freedom of Information Act request made by the California... more
During the fourth quarter of 2017, 9.3 percent of all residential properties with a mortgage were seriously underwater
ATTOM Data Solutions has released its Q3 2017 U.S. Home Equity & Underwater Report, which shows that there were 4.6 million (4,628,408) U.S. properties that were seriously underwater, down by more than 800,000 properties from the previous quarter and down by more than 1.4 million properties... more
New York City’s housing market saw a new record achieved with the priciest foreclosure auction in Big Apple history
New York City’s housing market saw a new record achieved with the priciest foreclosure auction in Big Apple history.   According to a Bloomberg report, the penthouse Unit 79 in the ultra-luxury high-rise One57 sold for $36 million in a foreclosure auction that attracted five deep-pocketed bidders.... more
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter, according to a new report from ATTOM Data Solutions.   During the third quarter, 191,824 properties had foreclosure filings, down 13 percent from the previous quarter and down 35 percent... more