For April, RealtyTrac reports foreclosure activity down 7 percent from March and down 29 percent from a year ago. In judicial states, activity was down just 3 percent month to month but still up.
SunTrust’s net income rose for a fourth-straight quarter as fewer. investment services to individuals. The third-quarter results don’t include the bank’s $7 billion purchase last month of. Key Stats: The company has now seen net income rise in three straight. quarters. revenue increased 46.8% to $12.74 billion in the second quarter.
More than 10 percent of Nevada housing units received at least one foreclosure filing in 2009, giving it the nation’s highest state foreclosure rate for the third consecutive year. Nevada foreclosure activity in December increased 27 percent from the previous month but was still down 22 percent from December 2008.
FHFA launches pilot REO property sales The Federal housing finance agency (FHFA) announced revisions to their conforming loan limits for 2009 last Friday. The new limit for 2009 will remain at $417,000 in most areas of the US, however loan limits for higher cost areas including California have been lowered to $625,500 from $729,750. Many areas in California do not reach this lower cap and are reduced significantly from 2008.Flagstar mortgage servicing settlement with CFPB imminent Introduction. Homeowners who are contemplating or actively engaged in litigation regarding a residential mortgage loan are increasingly taking advantage of a provision of the Real Estate Settlement Procedures Act ("RESPA") whereby a borrower may request information relating to the servicing of a loan.
Foreclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale. Short sales outnumber foreclosure Sales For Third Straight Quarter and Housing Analysis. Troy & Susan Deierling, Realtor. Foreclosure, RealtyTrac, Short Sale Realty Executives
Superior Home Services manages the entire hazard claim process Foreclosures down for third straight month as lenders manage backlog: RealtyTrac Evaluating Progress on TARP Foreclosure Mitigation. – Evaluating Progress on TARP Foreclosure Mitigation Programs : Congressional Oversight panel april oversight report, also known as Congressional.
Foreclosures up for third straight month. Thursday.. vice president at RealtyTrac. "Lenders and courts are pushing through stubborn foreclosure cases that have been languishing in foreclosure.
HSBC yanks massive PHH mortgage servicing portfolio The Consumer Financial Protection Bureau’s inquiry into mortgage-insurance practices that are alleged. Inc. (NYSE:GNW), in addition to PHH Corporation (NYSE:PHH), according to recent filings. Don’t.
Foreclosures down for third straight month as lenders manage backlog: RealtyTrac Clayton Holdings [.] Posted on More Than Half of 2006 Vintage Now Underwater, Zillow Says
Foreclosure filings were down for the second straight month, but bank repossessions reached a new monthly record, according to online foreclosure marketplace, RealtyTrac.There were 322,920.
Michael Pento’s expectation of a major double dip in housing is starting to come through. RealtyTrac reported that even as foreclosure filings declined marginally, by 3% in May, to 322,920 (1% higher YoY), bank repossessions (REOs) hit a record monthly high for the second month in a row, with 93,777 properties repossessed by lenders.
Jobless claims fall to lowest level since 2007 · Unemployment dropped by 0.3 percentage points, to 4.6 percent, last month – the lowest rate since 2007 – according to the monthly jobs report from the Bureau of Labor Statistics.
The number of homeowners who may lose their homes dipped in October, the third straight monthly decline, as foreclosure-prevention programs helped more borrowers. But foreclosure filings are still up.
KBRA: High compliance costs will drive commercial lenders from mortgage space Low interest rates plague Bank of America, Wells Fargo earnings NPR Offers Remedial MBS Analysis for Regulators Design–A Restoration Project life-cycle phase. During this phase, remedial design plans and specifications, and an engineering cost analysis are completed. ECR Project–Represents a specific investment with defined requirements, a beginning, life-cycle phases and costs, and an end.Wells Fargo paid out almost 150% of its earnings within the ccar 2018 cycle. The bank hiked its dividend by 10% and also announced a buyback plan of up to $24.5bn.