New foreclosure activity fell 16% in New York City in February, according to Foreclosures.com, a real estate investment advisory firm based in Fair Oaks, Calif."While this is an improvement over the slowly rising foreclosure rate of the last few months, you have to remember that New York City is a city of renters," said company president Alexis McGee. "Only 26% of the city's housing stock is owner-occupied." The company can be found online at http://www.foreclosures.com.
Correspondent volumes and the servicing portfolio were flat to lower but Onslow Bay was nevertheless the top conventional MSR investor in the first half.
The homebuilder posted net income of $472 million, or $2.48 per share, down from $608 million but still more than analysts expectations of $2.36 per share.
The package of banking measures will need 60 votes — including a number of Democrats — to pass the Senate on a tight time frame ahead of November's elections. But the bipartisan House vote signals that future work on the issues is possible.
Lenders are still sending files to their secondary market partners with missing or misplaced documents, affecting how the collateral is viewed and priced.
The brokerage boss settled litigation with ex-business partner Mat Grella which involved private aviation, luxury cars and a separate six-figure judgment.
The median down payment for a potential Gen Z homebuyer is well below the amount the three older generations are looking to make, a LendingTree study found.
