Content about Foreclosure

May 20, 2012

A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.

Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31, 2012 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.

May 18, 2012

A May 16 report from the Mortgage Bankers Association added another bright note to the housing market, with the percentage of U.S. homeowners behind on their mortgages falling to the lowest level since 2008. The delinquency rate for residential mortgage loans decreased 7.4% during the first quarter of 2012.

Foreclosures are not improving at the same rate, however. The percentage of loans in the foreclosure process as of March 31 was 4.4%, relatively unchanged from the previous quarter and down one basis point from 4.5% a year ago.

May 3, 2012

CoreLogic, a provider of information, analytics and business services, released the most recent figures for its monthly National Foreclosure Report, reporting 69,000 completed foreclosures in March 2012. This compares with 85,000 in March 2011 and 66,000 in February 2012. 

March 21, 2012

CoreLogic, a provider of analytical information about the housing market, reported that the current residential shadow inventory as of January 2012 was 1.6 million units, approximately the same level reported in October 2011. CoreLogic estimates shadow inventory by calculating the number of distressed properties not currently listed on multiple listing services (MLSs) that are seriously delinquent, in foreclosure and real estate owned (REO) by lenders.

March 16, 2012

According to a report by CoreLogic, a provider of information, analytics and business services, the United States saw more than 860,000 completed foreclosures between January 2011 and January 2012. There were 69,000 completed foreclosures in January 2012, 65,000 the previous month. In January 2011, the completed foreclosure rate was 80,000.

February 2, 2012

In a far-reaching plan that covered everything from foreclosures to new mortgage agreements, President Obama unveiled a “Homeowner Bill of Rights” today that he hopes will speed up the recovery of the housing market and prevent unscrupulous lenders from taking advantage of new home buyers.

January 12, 2012

Waypoint Real Estate Group, one of the nation's leading acquirers of distressed, single-family properties, and GI Partners, a mid-market private equity firm, have announced a partnership where they will acquire and then rent out more than $250 million in single-family homes. Ultimately, GI hopes to invest more than $1 billion in distressed and foreclosed homes over the next two years, with Waypoint managing the acquisitions and rental conversions.

December 19, 2011

The state of Nevada has filed a lawsuit against a Florida firm responsible for more than half of the nation’s annual foreclosures, claiming that it defrauded homeowners and turned them out of their houses without due process.

December 8, 2011

The Occupy Wall Street movement, once focused on financial institutions and the unequal distribution of wealth, has broadened to include the collapse of the housing market and its effect on the American family, according to an article in the Los Angeles Times. 

September 27, 2011

CoreLogic, a provider of information, analytics and business services, has reported that the current residential shadow inventory as of July 2011 declined slightly to 1.6 million units, representing a supply of five months. 

Also known as pending supply, shadow inventory is an estimate calculated by the number of distressed properties not currently listed on multiple listing services (MLSs) that are seriously delinquent (90 days or more), in foreclosure and real estate owned by lenders. 

September 20, 2011

The National Association of Home Builders (NAHB) weighed in on the disappointing housing starts figures released Tuesday.

Nationwide housing starts declined 5% to a seasonally adjusted annual rate of 571,000 units in August.

August 23, 2011

Bad news for the housing market was delivered Aug. 22 by the Mortgage Bankers Association, which reported that the percentage of homeowners who have missed at least one mortgage payment on their homes has risen for the second straight quarter. 

August 18, 2011

The U.S. Michigan Court of Appeals has upheld the construction lien of Stock Building Supply over AmTrust Bank in a residential foreclosure case, according to an opinion released on Aug. 2. 

August 16, 2011

An article in yesterday's Home Channel News Monday described an idea from the U.S. Department of Housing and Urban Development to turn government-owned foreclosures into rentals. The idea received a chilly reception from readers.

“In a word, Geithner’s idea is ‘stupid’.

August 12, 2011

In an attempt to shore up the housing market and also provide more affordable rentals, the federal government is considering the idea of turning some of the 250,000 foreclosed homes it owns into rental units. On Aug. 10, the U.S. Department of Housing and Urban Development (HUD) announced it was seeking public input on “new options” for selling single-family homes owned by Freddie Mac and Fannie Mae. 

July 15, 2011

An article in USA Today points to concerns over uncertainty about foreclosure rules, and their impact on the housing market recovery.

While about one million financially distressed Americans could stay in their homes longer thanks to foreclosure processing delays, but the result for the general housing market could be a delayed recovery, according to the article.

April 4, 2011

The first face-to-face meeting between top bank executives and government officials over irregularities in foreclosure procedures may be followed by months of further negotiations, according to a report in the Los Angeles Times.

November 12, 2008

U.S. foreclosure filings increased 5 percent from September to 279,561 properties this month -- one...

August 10, 2008

Will Rogers had a great line about Congress. They’re very good at two things:...

May 13, 2008

The April figures are up 4 percent from March, while the former foreclosure record of...

February 26, 2008

The Foreclosure Market Report tracks foreclosure filings -- including default notices, auction sales notices and...

February 12, 2008

The plan will allow overdue homeowners to avoid foreclosures for 30 days while lenders and...

February 10, 2008

Super Tuesday is over, but the presidential campaign is just beginning in earnest. At press...

February 5, 2008

Presidential candidates and American politics faced a major event Tuesday when 24 states held primaries...

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