Archives for August 2018

As mortgages that went delinquent because of last year’s catastrophic hurricanes continued to cure, the U.S. delinquency rate plummeted to its lowest point since March 2006, according to Black Knight’s First Look for July, which parses monthly mortgage performance data for foreclosures and delinquencies. Simultaneous to that, foreclosure starts ticked up 11 percent over June’s dramatic 17-year Continue Reading

Decision closes U.S. probe into actions that contributed to financial meltdown Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. investigation into its creation and sale of loans that contributed to the disaster. The long-anticipated penalty, announced Wednesday, is in line with what some analysts had Continue Reading

•Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016. •The number of people requesting home tours fell 6.1 percent annually in June. •While supply declined overall, Redfin noted a large increase in listings in some of the most supply-starved markets, which is where home prices have overheated Continue Reading