May 3, 2011 (Chris Moore) Foreclosure inventory stood at an all-time high at the end of March according the March Mortgage Monitor released by Lender Processing Services (LPS). At 2.2 million properties, foreclosure inventories are 8 times historic norms. Delinquencies continued to decline to the lowest levels since 2008. Read more...
March 7, 2011 (Jeff Alan) Recent research by credit rating agency Standard & Poor reveals that states that use a non-judicial foreclosure process do so in half the time than states that use a judicial foreclosure process. On average, lenders need 13 months to foreclose in a judicial state, more than twice the six months [...]
February 18, 2011 (Shirley Allen) Florida now has the nation’s highest foreclosure rate accounting for nearly one out of every four foreclosures in the country. More than 14 percent of Florida’s mortgages were in foreclosure in the fourth quarter of 2010 On top of that, an additional 5.2 percent were more than 90 days behind [...]
February 18, 2011 (Chris Moore) The amount of U.S. homes that were in the foreclosure process at the end of 2010 matched the all time high as mortgage lenders and servicers delayed home foreclosures to investigate improper document charges spawning from the “robo-signing” controversy. According to the National Delinquency Survey released by the Mortgage Bankers [...]
February 7, 2011 (Shirley Allen) Clear Capital has reported in its monthly Home Data Index (HDI) Market Report that home prices increased 0.9 percent during the first three weeks of January, the first gains in home prices since August 2010. On a quarterly basis, prices were down 1.6 percent for the last three months, a [...]
