Fannie Mae offers new suite of HomePath financing

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
W S
Servicing / The Ticker

California foreclosure activity hits seven-year low

san fran houses
/ Print / Reprints /
| Share More
/ Text Size+

Foreclosure activity in California dropped to its lowest level in seven years, reflecting the ongoing recovery in the California real estate market and the impact of the California Homeowner Bill of Rights, PropertyRadar claimed in a new report.

In addition, notices of default in the state fell 19.5% in September, the largest one-month decline since March, while also declining 54.9% for the year.

“The California real estate recovery has pushed up housing prices freeing tens of thousands of California homeowners from their negative equity positions,” said Madeline Schnapp, Director of Economic Research for PropertyRadar. “Negative equity was the one of the biggest contributors to foreclosures and is steadily disappearing.”

Recent Articles by HousingWire Staff

Comments powered by Disqus