May 4, 2017
- Homeowners in the U.S. are better at paying their loans. The number of “seriously delinquent mortgages” dropped 1.2 million in the 2016 fiscal year. Today’s negative equity has decreased in the first quarter of the year; however, many pockets throughout the U.S. continue to have high negative equity.
- Goldman Sachs recently paid one-third of it’s 5 billion dollar settlement obligation. In 2016, the financial giant settled with consumers due to their use of “toxic mortgage bonds.” So far entities such as the National Credit Union Administration and the Federal Home Loan Banks of Chicago received millions of dollars as part of this settlement.