Finance & Mortgage

Housing Is Providing Another In A Line Of Troubling Signs Pointing To An Economic Downturn

Declining home sales are "consistent with the possibility of a late 2019 or early 2020 recession," St. Louis Fed economist William Emmons said in a report.

In May Foreclosures in U.S. Down 50 Percent Annually

According to ATTOM Data Solutions May 2019 Foreclosure Market Report, U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 56,152 U.S. properties in May 2019, up 1 percent from the previous month but down 22 percent from a year ago for the 11th consecutive month with an annual decline.

To Bankruptcy Creditors Supreme Court Applies Civil Contempt Standard

The US Supreme Court ruled Monday that a creditor may be held in civil contempt for violating a bankruptcy court's discharge order if there is no fair ground of doubt as to whether the order barred the creditor's conduct.
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