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Non-foreclosure Solutions Remain Strong

New data shows that 30,000 permanent loan modifications and 95,000 non-foreclosure solutions were completed for the month of February. The month saw only about 22,000 foreclosure sales. Around 90 percent of families that had a rate-resetting loan modification for the month avoided foreclosure.

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Bank of America Net Income Up in Q1

Q1 was good to Bank of America, which posted a 40 percent increase in overall net income. Loan revenues, too, were up, as was consumer and global banking. But total mortgage was down compared to a year ago, as were average loans and leases.

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FHFA Releases GSE Progress Report

Fannie Mae and Freddie Mac have made headway on goals set forth in the 2016 Scorecard by the Federal Housing Finance Agency, according to the FHFA's Progress Report released on Wednesday. GSE efforts to improve credit access, assist borrowers, and reduce taxpayer credit risk were all noted in the agency's report. FHFA is currently soliciting comments on the Progress Report at FHFA.gov.

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Dealing with Title Defects in Foreclosure Proceedings

Defects in a chain of title can have devastating effects on the mortgage servicer’s ability to recover an asset associated with a nonperforming loan. The webinar discussed how to navigate regulation and correct mistakes, and what to look out for in judicial foreclosure states.

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Distressed Sales at 9-Year Low

The distressed sales share for December 2016 and the full year distressed sales share were both the lowest distressed sales share for any month since 2007. Before the housing crisis, distressed sales averaged around 2 percent, and the share is expected to reach that point again by mid-2018.

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Breaking Down Stereotypes

Not all investors are in it for the quick profit or fast foreclosure. Some want to help, too. Editor's note: this print feature originally appeared in the March issue of DS News.

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Foreclosures and the Year Ahead

In some areas of the country, foreclosures are at a standstill. Daren Blomquist, SVP of ATTOM Data Solutions looks into these stagnant foreclosures and what is next for the distressed housing market.

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Not all Materials are Created Equal

According to a white paper released on Monday, when it comes to fighting community blight clearboarding pulls ahead of plywood in terms of preserving property values and lowering crime.

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