Ocwen and FIS agree to settle lawsuit over alleged audit abuses damages of $3.1 against Wells Fargo for servicing abuses). Court declared that Wells Fargo exhibited “reprehensible” The court had previously found that the bank improperly applied payments to interest and fees instead of principal and improperly charged the debtor more than $24,000 in fees. WMC Mortgage v.
· INVEST IN YOUR EDUCATION, KNOWLEDGE, BUSINESS, OR RESEARCH. Statistic Brain provides millions of students, journalists, and business owners the data they need to succeed in their daily pursuits. In addition, 83% of adults simply find statistics fascinating to read.
NYC Council approves Midtown rezoning, paving way for new towers The New York City Council on Wednesday approved the first supertall to be constructed under the midtown east rezoning. JPMorgan Chase will build a new 70-story headquarters at the site of its.
· There was a significant decrease in foreclosures at the end of the third quarter of 2018, according to ATTOM Data Solutions latest Foreclosure Market Report. Notably, only 177,146 U.S. properties were listed as foreclosure filings, default notices, scheduled auctions or bank repossessions. This is the lowest level since the fourth quarter of 2005, marking a nearly 13-year low.
The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.
House panel advances two flood insurance changes, but divisions remain House Speaker Paul D. Ryan (R-Wis. and reauthorize programs for flood insurance and children’s health. gop leaders also hope to begin an ambitious effort to rewrite the federal tax code in a bid to.
· Lenders completed foreclosure (REO) on 25,990 U.S. properties in April, down 9 percent from the previous month and down 22 percent from a year ago to the lowest level since February 2015 – a 26-month (more than 2 year) low and running just above the pre-recession average of 25,796 per month between April 2005 and November 2007.
Metro Atlanta foreclosure notices, down 56 percent in January from the same month a year ago, are at their lowest level in a decade.
Meanwhile, lenders repossessed 291,579 properties through foreclosure during the year, a decrease of 23% from 2016 to the lowest level since 2006, an 11-year low.
RealtyTrac: Foreclosure Activity Drops to Lowest Level since 2006 by Calculated Risk on 7/11/2013 01:51:00 PM This was released this morning from RealtyTrac: U.S. Foreclosure Activity Decreases 14 Percent in June to Lowest Level Since December 2006 Despite 34 Percent Jump in Judicial Scheduled Foreclosure Auctions
Foreclosure activity falls to lowest level since July 2006. RealtyTrac’s U.S. Foreclosure Market Report for February 2015 showed that there were foreclosure filings on 101,938 properties in the U.S. in February, which is a decrease of 4% from RealtyTrac’s revised January numbers and down 9%from a year ago to the lowest level since July 2006.
PHH closes sale of Freddie MSRs to New Residential In addition, New Residential will purchase approximately $300 million of servicer advances from PHH Mortgage. In effect, PHH will become a subservicer for New Residential. As per the deal between the two companies, PHH will subservice the 480,000 loans underlying the MSRs to be acquired for an initial period of three years, subject to certain termination provisions.
ATTOM Data Solutions also recorded a total of 74,341 residential properties with foreclosure filings in March, a 21 percent spike from the all-time low set in February, but also 11 percent lower than a year ago. March marked the 30th consecutive month with a year-over-year decrease in foreclosure activity.