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Items Tagged with 'Foreclosures'

ARTICLES

Black Knight: Foreclosure starts are up for the third consecutive month

Overall foreclosure inventory continues to fall
Trey Garrison
Foreclosure starts in July were up for the third consecutive month even as the overall inventory continues to decline, according to Black Knight Financial Services.
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HOPE NOW: Foreclosure sales fall to pre-bust levels

Total number of loan modifications since 2007 reaches 7.1 million
Ben Lane
The estimated 115,000 foreclosure sales in the second quarter represented a decline of 9% from the first quarter’s total of 126,000. HOPE NOW notes that the second quarter total was the lowest since it started tracking the data in 2007.
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Foreclosures rise in July, but still down from 2013

Foreclosure starts up 128% in Nevada
Ben Lane
Per RealtyTrac’s report, a total of 49,624 U.S. properties started the foreclosure process for the first time in July, which represents a 5% increase from June. But the figure is still down 18% from a year ago, which marks the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts.
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New Connecticut foreclosure law seeks to bypass judicial backlog

Offers short sale alternative, expedites process
Ben Lane
The bill, which was sponsored by State Representative Joe Diminico, who has been a Realtor for more than 30 years, allows property owners who are in the beginning of the foreclosure process to work directly with a broker and the mortgage holder to “speedily sell the property” and avoid the time-consuming judicial foreclosure process.
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Black Knight: Foreclosures still drag in judicial states

Short sale percentages and discounts decline
Trey Garrison
The nation’s inventory of loans in foreclosure is disproportionately distributed in states with judicial foreclosure processes, according to the latest foreclosure report from Black Knight Financial Services.
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Black Knight: Foreclosures hit lowest level since May 2008

Twenty-six months of declines; prepay rate is up
Trey Garrison
The national inventory of loans in foreclosure declined again in June, down 1.5% for the month, almost 36% for the year, making this the 26th consecutive month of declines, Black Knight Financial Services reported.
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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
Ben Lane
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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Shrinking distressed inventory, new construction may hurt existing home sales

Buyers prefer new construction to existing homes
Trey Garrison
Given the turnaround from construction start to being ready for market, sellers of existing homes in markets where construction is running hotter may want to hit the market sooner rather than later.
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Foreclosure declines reverse as starts surge 9.5% in May

Black Knight survey finds half are repeat foreclosures
Trey Garrison
Foreclosure starts unexpectedly reversed course and climbed 9.5% in May, according to Black Knight Financial Services, countering an eight-month streak of declines.
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OCC: Foreclosures cut by half from last year

1Q2014 mortgage performance up in all metrics
Trey Garrison
First-lien mortgages serviced by large national and federal savings banks are 93.1% improved in the first quarter of 2014 and foreclosures have been cut in half, according to a report released today by the Office of the Comptroller of the Currency.
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