High foreclosure rates linger in metro-east
September 3, 2010
Triple-digit foreclosures remain the norm in St. Clair and Madison counties as 273 homeowners filed for foreclosure in both counties last month.
Source:High foreclosure rates linger in metro-east
Home foreclosure prevention workshops
September 2, 2010
Some think foreclosure is black and white. You either have enough money to pay your mortgage or you don’t and you lose your home.
Source:Home foreclosure prevention workshops
LPS' July Mortgage Monitor Report: Foreclosure Starts Increase; Late-Stage Delinquencies Lead Rise
September 2, 2010
The July Mortgage Monitor report released by Lender Processing Services, Inc. shows that foreclosure starts are on the rise, with seriously delinquent loans â those six or more months delinquent â dominating new foreclosure actions.
Source:LPS' July Mortgage Monitor Report: Foreclosure Starts Increase; Late-Stage Delinquencies Lead Rise
Mixed foreclosure outlook
September 1, 2010
New foreclosure statistics paint a mixed picture of the states economic recovery.
Source:Mixed foreclosure outlook
$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps
August 30, 2010
Source:$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps
Foreclosure risk likely to persist until jobs picture turns around
August 28, 2010
Associated Press Thursday, August 26, 2010 WASHINGTON — The jobs crisis is putting more Americans at risk of losing their homes. One in 10 households is facing foreclosure, and more than 2 million homes have been repossessed since the recession began. Few expect the outlook to improve until companies start to hire steadily again and layoffs ease. And while there was some good news Thursday — a …
Source:Foreclosure risk likely to persist until jobs picture turns around
Foreclosure activity plummets
August 28, 2010
Foreclosure activity in the San Fernando Valley plunged by nearly 50 percent during July, and home sales fell 19 percent, ending 21 consecutive months of year-over-year increases, a research center said Wednesday.
Source:Foreclosure activity plummets
Survey: Delinquencies, Foreclosure Petitions Decrease
August 26, 2010
A recent survey from the Mortgage Bankers Association (MBA) shows that delinquencies and foreclosure starts have decreased.
Source:Survey: Delinquencies, Foreclosure Petitions Decrease
Snowmass Ski Resort Foreclosure Crystalizes Hypo's U.S. Real Estate Woes
August 25, 2010
Snowmass Village, the Colorado ski town neighboring Aspen, got a lift in 2007 when Hypo Real Estate Holding AG agreed to arrange $520 million of loans to complete a $1 billion year-round resort.
Source:Snowmass Ski Resort Foreclosure Crystalizes Hypo's U.S. Real Estate Woes
National News More>>
August 25, 2010
NEW YORK (AP) - The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in the uncertain economy.
Source:National News More>>
