Foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 313,487 U.S. properties in the first quarter of 2015, down 7 percent from the previous quarter and down 8 percent from the first quarter of 2014 to the lowest quarterly total since the first quarter of 2007, according to the recently released March 2015 U.S. Foreclosure Market Report™. There were a total of 122,060 U.S. …

Quarterly Foreclosure Activity Drops to Lowest Level In Eight Years Read more »

Quicken Loans, the nation’s largest Federal Housing Administration (FHA) mortgage lender, filed suit Friday in Federal District Court against the United States Department of Justice (DOJ) and Department of Housing and Urban Development (HUD). The company was left with no alternative but to take this action after the DOJ demanded Quicken Loans make public admissions that were blatantly false, as well as pay an inexplicable …

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