The Office of the Comptroller of the Currency reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2018. The OCC Mortgage Metrics Report, Third Quarter 2018, showed 95.4 percent of mortgages included in the report were current and performing at the end of the quarter, compared to 94.8 percent a year earlier.
The not-so-good news: there's still a ways to go before the housing market is back to normal. And here's some silver-lining news: the once-in-a-generation housing crisis the U.S. has just endured may offer some lessons for dealing with future outbreaks of homeowner distress. Foreclosure News
A modernistic, mint-colored house at 1845 Deslonde Street in the Lower 9th Ward was on sale Wednesday for $ 85,000. It was listed as a bank foreclosure, which usually means the former owner couldn't pay the mortgage, so the bank took over the property and is selling it off at market value. Foreclosure News
Guest columnist Lea Kayali is junior at Pomona College and is from Shaker Heights. This summer she interned with Policy Matters Ohio . Foreclosure News
After legislation to repeal the Affordable Care Act was pulled from the House floor last Friday, news headlines across the country began reporting that tax reform is next on the Trump Administration's agenda. As noted in our prior blog post, tax reform that changes the corporate tax rate, the tax-exempt bonds program and the tax-credit…
Remaining Woodwynn participants from left, Dan Fortin, Kylie Janzen and Andrew Belfitt, with executive director Richard LeBlanc on right, have lived and worked on the farm between 16 months to three years. A recent private investigation of a farm-based recovery program outside Victoria did not confirm any significant concerns, according to the chair of the…
The number of foreclosure filings, which include default notices, auctions and bank repossessions, dropped 19% nationwide from a year ago during the first quarter, affecting only roughly 235,000 properties, according to a report released Thursday by real-estate data firm Attom Data Solutions. That figure represents the lowest level of foreclosure activity reported since the third…
