Foreclosures

The national foreclosure inventory decreased by nearly a third in October from a year earlier, CoreLogic reported.

When Donald Trump announced his choice for Treasury secretary last month, he called Steven Mnuchin a "world-class financier," citing business successes like his profitable turnaround of a California bank.

Fannie Mae and Freddie Mac will again halt evictions nationwide for foreclosed properties during the holiday season.

The amount of equity homeowners hold grew by $726 billion, or 10.8%, in the third quarter of 2016 versus the year before, according to CoreLogic.

As favorable credit conditions, including low interest rates, begin to dissipate, banks could begin to experience more stress from their loan portfolios, including their real estate holdings, according to Kroll Bond Rating Agency.

The National Fair Housing Alliance and 20 local fair housing groups have filed a lawsuit in federal court against Fannie Mae over its maintenance and marketing of foreclosure properties.

Steven Mnuchin's confirmation hearing is likely to be dogged by stories of homeowners who claim his bank, OneWest, illegally foreclosed on them. While the stories are unlikely to prevent President-elect Donald Trump's pick from being confirmed, it could weaken Mnuchin politically and rehash grievances from the financial crisis.

Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states.

Foreclosure starts dropped to the lowest level recorded since January 2005, according to Black Knight Financial Services.

Renewable Funding, emboldened by the success of its first three trips to the securitization market, is preparing to finance an even larger portion of its lending for energy efficiency upgrades.