Foreclosure rates in the greater Miami area remain astonishingly high, but they’re headed in the right direction. In March, 13....
A debate is stirring in Michigan over legislation that aims to shorten the redemption period for homeowners in foreclosure, The...
Deleveraging continued in April as homeowners' financing balances shrunk 29% to $71.5 billion from $100.7 billion in the year-ago month, according to analytics firm Equifax ($61.09 -0.0999%).
Home finance levels are at their lowest since 2008 when they totaled $74.7 billion.
In April, home equity revolving balances neared $560 billion, down $115 billion from April 2009, and down $43.8 billion from April 2011, Equifax reported.
Foreclosures in-process for home equity revolving credit in the month dropped 37% from same time a year ago. At just under $1.25 billion, it is the lowest in two years, the firm said.
— Justin T. Hilley
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