Foreclosures in Fort McMurray up sharply, new data shows
David Thurton is CBC's mobile journalist in Fort McMurray. He's worked for CBC in the Maritimes & in Canada's Arctic.
David Thurton is CBC's mobile journalist in Fort McMurray. He's worked for CBC in the Maritimes & in Canada's Arctic.
The mortgage delinquency rate dipped to a 12-year low, but overvalued housing markets and eventual reversal in the unemployment rate present risk for future delinquencies, according to CoreLogic. About 4% of mortgages reached or maintained a state of delinquency or foreclosure in August, a drop off from 4.6% year-over-year and a month-over-month edge down from…
SANTA CRUZ >> Something of an Santa Cruz institution, the Darling House bed-and-breakfast was sold for nearly $ 2.78 million cash in a foreclosure auction on the steps of the Santa Cruz County courthouse Thursday afternoon. Santa Cruz Community Credit Union , one of several loan creditors for the business' long-time owners Darrell and Karen…
As further evidence that the era of refinancing is ending, Black Knight Financial Services says that prepayment speeds , historically a good indicator of refinancing , declined 15 percent in February. In its regular “first look” at mortgage performance activity for the month, the company says that this is the lowest monthly rate for prepayments…
Altisource Portfolio and Johnson Controls International are both finance companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, earnings, dividends, profitability, risk, institutional ownership and analyst recommendations. This is a breakdown of current ratings and price targets for Altisource Portfolio and Johnson Controls International,…
The Minot City Council has taken on legal counsel to handle the city's end of an ongoing foreclosure dispute with an intermodal station in the city. Court records indicate that First Western Bank and Trust has declared two separate loans in default from North Dakota Port Services, which leases the station's land. Foreclosure News
Calendar-driven effects and fewer hurricane-related delinquencies resulted in a 210,000-loan decline in the number of past-due mortgages 146,000 loans remain delinquent as a result of Hurricanes Harvey and Irma, 132,000 of which are seriously delinquent An early look at January data on the mortgage market in Puerto Rico shows an additional 57,000 loans still delinquent…