Reuters is reporting that Credit Suisse subsidiary DLJ Mortgage Capital is suing Sunset Direct Lending, Infinity Home Mortgage and Netbank Inc. for more than $30 million in loan repurchase commitments.
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The housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations.
Foreclosure activity sank in the third quarter of 2019, dropping to the lowest level in nearly 15 years, according to the latest report from ATTOM Data Solutions. Foreclosure activity in the third quarter fell 19% from a year ago to the lowest level since the second quarter of 2005, a 13-year low.