The mortgage delinquency rate fell to a 12-year low, with declines expected to continue as the unemployment rate stays down, according to CoreLogic. About 4.1% of mortgages were in some state of delinquency in July, down 0.6 percentage points from 4.7% a year ago. Foreclosure News
The month of March nearly always sees a significant decline in the national delinquency rate. The average March decrease during this century has been just under 11.0 percent. Foreclosure News
Big Banker reported March 5, 2018: “Sonora Shores luxury housing project on Fassler and Roberts Road has a 04-03-2018 foreclosure date. A Notice Of Sale has been recorded on the property.” Foreclosure News
Out of the millions of houses and condos in the area, the few hundred houses facing forced sale are hardly noticeable – unless, of course, you live in one of them. During the housing downturn in 2010, North Texas was getting almost 6,000 home foreclosure filings a month. Foreclosure News
In 2015, Oswego developer Thomas Millar had high hopes to rehabilitate a three-story commercial building at 259 JB Wise Place into new upper-floor apartments and renovated commercial space. And now the building is going through foreclosure and Mr. Millar has defaulted on a nearly $ 41,000 loan with the Watertown Local Development Corp., also known […]
Loan defaults associated with the three late summer hurricanes had a more immediate effect on MGIC Investment Corp.'s secondary market capital cushion than proposed changes by Fannie Mae and Freddie Mac. The government-sponsored enterprises are proposing changes to the Primary Mortgage Insurer Eligibility Standards that would “materially lower” MGIC Investment Corp.'s cushion of available assets […]
Shannon Otto, whose nursing license was briefly suspended after falling behind on her student loan payments, at her home in Nashville, Tenn., Oct. 23. Tennessee, along with Texas, is one of the 20 states that can suspend peoples professional or drivers licenses if they fall behind on loan payments, according to records obtained by The […]
ABA Journal Daily News
Vehicles are seen parked May 4, 2017, at Future Cab Co. in Chicago near O'Hare International Airport. Foreclosure News
The owner of the Boulevard Mall in Amherst, N.Y., defaulted on the $ 92 million loan payment it was required to make last week, according to a report from the commercial mortgage data research firm Trepp LLC. Cleveland-based Forest City, as expected, did not make the payment that is far higher than the value the […]