foreclosure rates - Articles

10 States With the Highest Foreclosure Rates in America

The worst of the housing downturn appears to be behind us, and while real estate markets around the country are improving, some states are still experiencing a struggle with taming foreclosures. According to RealtyTrac, the number of foreclosed properties stood at 1.8 million last year, down 2.7% from 2011 and 36% from... Continue Reading »

Foreclosure Actions at Lowest Level Since 2007

After a year marred by red tape and mortgage lender malfeasance, foreclosure activity in 2011 fell to the lowest annual rate since the housing crisis began more than four years ago, according to data released Thursday. Foreclosure filings -- which include default notices, scheduled auctions and bank repossessions -- were... Continue Reading »

10 Cities Getting Slammed by Foreclosures

Foreclosures have increased 14% between the second and third quarter of 2011, following five straight quarters where the number of foreclosures has gone down. This increase could dampen the recovery of the American housing market and harm economic recovery for cities where foreclosures rose significantly. Based on data... Continue Reading »

Home Sales Rise As Buyers Grab Foreclosures

WASHINGTON -- The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, evidence that the housing market remains weak. The National Association of Realtors says home sales rose 7.7 percent last month to a seasonally adjusted annual rate of 5.03... Continue Reading »

Home Sales On Pace for Worse Year Than 2010

WASHINGTON - The number of people who bought previously occupied homes dropped in July. The third decline in four months suggests the depressed housing market won't help the U.S. economy recover this year. Home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes, the National... Continue Reading »

New Foreclosures Down Steeply in July

LOS ANGELES -- Fewer U.S. homes entered the foreclosure process or were seized by lenders in July, the latest sign that banks are taking a measured approach to moving against homeowners who have fallen behind on mortgage payments. Some 59,516 homes received an initial default notice last month, down 7 percent from June... Continue Reading »

Foreclosure Rates Plummet as Red Tape Mounts

LOS ANGELES -- Most of the nation's largest metropolitan areas are seeing a sharp drop in foreclosure activity as banks take longer to move against homeowners who are behind on their mortgage payments. In the first half of this year, 84 percent of metropolitan areas with a population of at least 200,000 saw their... Continue Reading »

Mortgage Delinquencies Drop: Trend or Trough?

Some good news from Debt City, U.S.A.: The rate of serious delinquencies on conventional mortgages -- those that are at least 90 days behind -- fell to 4.82 percent in July, from 4.99 percent in June. Freddie Mac's delinquency rate dropped to 3.83 percent in August, from 3.89 percent in July. Fannie Mae's delinquency rate... Continue Reading »

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