Massachusetts is seeing fewer foreclosures
This past June, Massachusetts saw its first year-over-year decrease in foreclosure petitions since 2013, according to The Warren Group. Petitions are the first step in the foreclosure process.
This past June, Massachusetts saw its first year-over-year decrease in foreclosure petitions since 2013, according to The Warren Group. Petitions are the first step in the foreclosure process.
Ocwen is refinancing $ 300 million of bonds backed by reimbursement rights to funds it has advanced on residential mortgages it services. The two new series of notes will both extend the maturity of the debt issued by the securitization trust and reduce the interest rate. Foreclosure News
Jaryd Takushi, a broker associate with Kentwood City Properties, bought a home out of foreclosure for $ 90,000 in north Aurora in 2009 during the housing market crash. After major upgrades, he estimates that he could sell it for $ 340,000 today. Foreclosure News
The financial crisis of 2007-2008 , also known as the global financial crisis and the 2008 financial crisis , is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. [1] [2] [3] [4] It began in 2007 with a crisis in the subprime mortgage market in…
While overall foreclosure activity continues to decline nationwide, the number of foreclosure starts in April increased over the previous year in 99 of the 219 metro areas tracked by Attom Data Solutions. Foreclosure activity – including starts, second notices and properties becoming real estate owned – fell 17% in April from the previous year. Foreclosure…
Great Ajax Corp. and Ladder Capital Corp are both small-cap mortgage reits companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, risk, earnings, analyst recommendations, dividends and valuation. 74.9% of Great Ajax Corp. shares are owned by institutional investors. Foreclosure News
The recovery from the Great Recession has hit a milestone: Total household debt climbed to $ 12.73 trillion in the first quarter to top the peak reached in 2008 before the housing market crash and severe economic downturn led to a historic reduction, according to government data released Wednesday. But this time, Americans are doing…