The number of completed foreclosures soared by 44% in March to a record 175,199, according to the U.S. Foreclosure Index. The index, released by ForeclosureS.com, Sacramento, Calif., shows the total number of first quarter 2009 foreclosures "is the highest quarterly total of completed foreclosures" since the crisis began. The number of pre-foreclosure filings also reached a new high: 600,000.
This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
The real estate and fintech company completed the purchase of 100% of Mortgage One Group, marking a major step in its push into AI financing.
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
The Department of Housing and Urban Development got 67 responses to its request for information regarding the FHA program's Minimum Property Requirements.
Mortgage applications rose 0.4% on a seasonally adjusted basis from one week prior for the period ending June 26, according to the MBA's Market Composite Index.
Homeowners accuse the home equity investment company of breaking the law for suggesting that its home equity investment product isn't a mortgage.
