IRVINE, Calif. – Jan. 11, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2023 were also down 88 percent from a peak of nearly 2.9 million in 2010.
The Consumer Financial Protection Bureau has issued two advisory opinions addressing requirements of consumer reporting agencies (CRAs) under the Fair Credit Reporting Act.
Today, the Biden-Harris Administration announced that next month it will start providing forgiveness after as few as 10 years of payments for borrowers on the Saving on a Valuable Education (SAVE) Plan who originally took out $12,000 or less for college.
BOSTON — Today, Attorney General Andrea Joy Campbell announced a $1.8 million settlement with Nelnet, Inc. (Nelnet), one of the nation’s largest federal student loan servicers, resolving allegations that the company failed to appropriately communicate with borrowers about renewing Income-Driven Repayment (IDR) plans that provide access to affordable payments.
During the third quarter, large bank credit card nominal balances continued to grow, and all stages of delinquency approached the highest levels on record since 2012, according to a report released Thursday (Jan. 11) by the Federal Reserve Bank of Philadelphia.
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