RealtyTrac released its first-ever Natural Disaster Housing Risk Report Thursday, which assigns a risk
score for a natural disaster to more than 3,000 county housing markets nationwide. Scores were based
on risk data for hurricanes, tornadoes, and earthquakes, and each county was assigned to one of five
categories ranging from Very High Risk to Very Low Risk. The company that of the 3,138 U.S. counties
analyzed, 373 were classified as Very High Risk, representing roughly 10-point 6 million housing units.
Counties in the Very High Risk category with the largest populations were Fulton and Dekalb counties
in the Atlanta area, as well as Shelby County in the Memphis, Tennessee metro area. There were 865
counties in the Low Risk category, representing 25-point 5 million housing units, or 19 percent of the U.S.
total. Counties with the lowest risk scores include Hennepin County, Minnesota in the Minneapolis-St. Paul
metro area, as well as Dallas and Tarrant County in the Dallas-Fort Worth metro area.
SunTrust Bank announced it has struck a nearly 1 billion dollar deal with the federal government to settle
allegations of misconduct in both its lending and servicing practices. In an agreement reached with the
CFPB, Justice Department, HUD, and attorneys general in 49 states and the District of Columbia, SunTrust
agreed to provide monetary relief to consumers. The government had charged SunTrust with systemic
mortgage servicing misconduct, including failing to promptly and accurately apply borrower payments,
robo-signing, and other illegal foreclosure practices.
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