CoreLogic's monthly Loan Performance Report for February shows the national mortgage delinquency rate, loans that were 30 or more days past due, declined to 5.0 percent, down a half-point from a year earlier. Mortgages that are 30 to 59 days past due were up slightly during the month when compared to the previous February, 2.14 percent of all mortgages versus 2.08 percent.
On Monday, in Bank of America Corp. et al. v. City of Miami, Florida , the Supreme Court held in a 5-3 decision that the City of Miami had standing to challenge alleged violations of the Fair Housing Act by lenders. Foreclosure News
Senate Democrats on Thursday criticized the financial industry backgrounds of President Trump 's nominees for two key banking regulatory positions, arguing they would not protect the interests of average Americans. Sens. Sherrod Brown , Elizabeth Warren and others sharply questioned Joseph Otting, the former chief executive of Pasadena's OneWest Bank, and investment fund manager Randal…
The number of foreclosure filings in February was the lowest since November 2005, according to a press release from Attom Data Solutions, a property data provider. Foreclosure activity dropped on a year-over-year basis for the 17th consecutive month. Foreclosure News
Little more than two months before Hurricane Harvey slammed the Gulf Coast of Texas, Alberto Castaneda let his home's flood insurance lapse. He had never filed a claim on the policy in 10 years and he needed the extra cash to expand his restaurant business. Foreclosure News
ABA Journal Daily News
In the classic movie film, “Gone with the Wind,” the owner of the Tara plantation admonished his daughter for remarking that she didn't care about her home. In a sharp rebuke, Gerald O-Hara declared that “land was the only thing worth living for, worth fighting fora worth dying for.” Foreclosure News
