The percentage of homes in foreclosure dropped nationwide last month, but the percentage of borrowers behind on their payments rose slightly, according to a report released Wednesday.
In sign of continued recovery in the housing market, about 3.44% of mortgages were in some stage of the foreclosure process in December, according to Lender Processing Services Inc., a mortgage and consumer loan processing firm.
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Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.
Flagstar Bank told HousingWire Monday that it is cutting ties with the Association of Independent Mortgage Experts over the recent comments and actions of its chairman, Anthony Casa.