Nationally, 4.5 percent of mortgages were in some stage of delinquency in June 2017, according to a report released today by CoreLogic. This represents a 0.8 percentage point decline in the overall delinquency rate compared with June 2016 when it was 5.3 percent.
Residential mortgage performance continues to improve to the highest levels seen in years, according to a new report from the Mortgage Bankers Association.
Americans readily gossip about home values – “Did you hear the crazy high price the house down the street sold for?” “Did you hear how little our neighbors were forced to take on their sale?”
PHH Corp., PHH Mortgage Corp. and PHH Home Loans have agreed to pay the United States $74,453,802 to resolve allegations that they violated the False Claims Act.
The share of mortgages nationwide that went from current to 30-days past due was 0.8 percent in May 2017, compared with 0.9 percent in May 2016 and approaching a 10-year-low, according to a recent report from CoreLogic, a global property information firm.
The Federal Home Loan Mortgage Co. (Freddie Mac) last week announced it will no longer accept borrower down payments of less than 3 percent for mortgages that close on and after Nov. 1, 2017 – with a few exceptions.
Mortgage applications decreased 6.2 percent last week from the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 23, 2017. The Refinance Index decreased 9 percent from the previous week.
The Consumer Fraud Protection Bureau (CFPB) monthly ‘snapshot’ complaint report shows the overall number of complaints in the Bay State is on the rise.
In the wake of the Consumer Finance Protection Bureau’s recent $1.75 million civil penalty against Nationstar Mortgage for Home Mortgage Disclosure Act (HMDA) violations, mortgage lenders are well-advised to prepare for the changes in HMDA reporting requirements that take effect in less than six months.
In March 2017, 4.4 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure, down 0.8 percent from March 2016, according to a report released from CoreLogic, a property information firm.
The national 30-plus days delinquency rate dropped to 5 percent in February 2017, its lowest level since September 2007, according to a report released today by CoreLogic, a global property information company.
Sky-high Boston rents make it difficult for even Millennials with good jobs to save money. As Greater Boston home prices continue to rise, many of these young homebuyers have to rely on gift money for part or all of their down payment.
