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  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

Items Tagged with 'serious delinquency rate'

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CoreLogic: Foreclosures continue downward trend in September

Serious delinquency rate drops to new low
The national foreclosure inventory fell again in September, declining by 24.3%. "As we head into 2016, based on almost every major metric, the fundamentals underpinning the housing market are healthier than any time since 2007," said Anand Nallathambi, president and CEO of CoreLogic.
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Delinquency rate hits lowest level since 2008

State delinquencies improve across the board
The housing market is starting to look similar to pre-crisis levels. The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 6.96% in the second quarter, the Mortgage Bankers Association said.
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