Sentences with phrase «foreclosure rates»

"Foreclosure rates" refers to the percentage of homes or properties that have been seized by a lender or bank due to the owner's failure to make mortgage payments. Full definition
These states also have among the highest foreclosure rates in the country.
By the end of 2011, the county had the highest foreclosure rate in the country — four times the national average at that point.
Despite that flexibility, these loans have had the lowest foreclosure rate of any loan product for nearly all of the last five years.
In fact, this no - down payment program has had the lowest foreclosure rate of any mortgage on the market for nearly all of the last six years.
Also, unemployment remains high, which can cause home owners to fall into foreclosure and could increase foreclosure rates, which can bring overall home prices down.
Even with high foreclosure rates over the last several years, more than $ 1 trillion of consumer debt — 9 percent — is still delinquent.
It has also maintained one of the lowest foreclosure rates at 0.01 percent.
A debt savvy location means people there have high credit scores, low average personal loan debt, low credit utilization and low mortgage foreclosure rates.
Prices are rising in virtually every market and every category of homes, and delinquency and foreclosure rates continue to fall.
As delinquency and foreclosure rates rose, structured finance products backed by riskier mortgage loans performed particularly poorly.
It had proved impossible for most homeowners facing foreclosure to refinance or modify their mortgages and foreclosure rates remained high.
Ask about foreclosure rates in the area and whether there is any data on how many homes are underwater on mortgages.
Not too much demand for financing with outrageous foreclosure rates.
Following the 2008 subprime mortgage crisis, foreclosure rates jumped to record highs.
The areas experiencing the highest foreclosure rates tend to be judicial states, which are prone to delays in the foreclosure process.
The loan quickly goes into default, and the higher foreclosure rates push down all home prices in the market.
In fact, this no - down payment program has had the lowest foreclosure rate of any mortgage on the market for nearly all of the last six years.
In fact, no other loan product on the market, including prime loans, has had a lower foreclosure rate over the last decade.
To find these debt savvy places we looked at four factors: credit score, average personal loan debt, credit utilization and mortgage foreclosure rate.
In fact, this no - down payment program has an exceptionally low foreclosure rate.
However, recent crisis, featuring high foreclosure rates and dropping house prices, had proven such measures to be way less effective than projected.
• Florida posted the nation's highest state foreclosure rate for the third month in a row, with one in every 304 housing units with a foreclosure filing in November, followed by Nevada, Illinois, California and South Carolina.
• Seven of the top 10 highest metro foreclosure rates nationwide were in Florida, led by Palm Bay - Melbourne - Titusville.
• Despite a 54 percent year - over-year decrease in foreclosure activity, Nevada posted the nation's second highest state foreclosure rate for the second month in a row in November.
This discrepancy between foreclosure rates on agency and non-agency mortgages is not explained in the article.
Although total foreclosures, which include new foreclosures and repeat postings, are down the home foreclosure rate for first time properties was 98,174 for the month of July.
• Other states with foreclosure rates among the nation's 10 highest were California (one in 430 housing units with a foreclosure filing), South Carolina (one in 455 housing units), Ohio (one in 458 housing units), Arizona (one in 468 housing units), Georgia (one in 494 housing units), Michigan (one in 621 housing units), and Indiana (one in every 684 housing units).
The national foreclosure rate as of October was down 26 percent from a year ago, at 41,000 completed foreclosures, according to the most recent foreclosure report from CoreLogic, a property information provider.
Arizona saw above - average growth in first - time home buyers (63.6 percent), but this increase is also paired with a middling 0.06 percent foreclosure rate that pushed the state down to No. 10 on this list.
In a recent letter to the New York Times, FHA commissioner David H. Stevens responds to allegations that FHA loans are taking the place of the sub-prime loans that were largely responsible for record foreclosure rates.
Turning to foreclosure, you might already know that Nevada was one of the top states for foreclosure rates during the recession.
As reported in USA Today earlier this year — according to ATTOM Data Solutions, curator of the nation's largest multi-sourced property data warehouse — the 10 states where foreclosure rates are highest and foreclosure difficulties continue include:
Homebuyer education has been shown to dramatically reduce foreclosure rates, especially among low - and moderate - income families, according to a recent study by NeighborWorks ® America.
• The Florida foreclosure rate ranked highest among the states for the third month in a row.
We ranked all 50 states based on factors including foreclosure rates, burglary rates and property tax rates.
Markets in Florida and Nevada dominated the top 10 in declines, but Seattle and Spokane, Wash., also made the top 10 despite having a small overall foreclosure rate, which suggests stronger proportionate improvements and potential for robust recoveries.
However, housing groups criticize the move saying that the current foreclosure rate for FHA loans is already at an all - time high of 2.93 percent.
Other states with foreclosure rates ranking among the top 10 were Ohio (one in 495 housing units with a foreclosure filing), Michigan (one in 519), South Carolina (one in 539), and Utah (one in 592).
Other cities with foreclosure rates in the top 20 were Rockford, Ill., at No. 11 (one in 290 housing units with a foreclosure filing); Chicago at No. 13 (one in 306 housing units); Las Vegas at No. 16 (one in 336 housing units); and Dayton, Ohio, at No. 18 (one in 338 housing units).
Methodology: States were ranked according to the increase in the portion of home buyers who were purchasing their first home when comparing 2003 to 2013 numbers reported by the FHFA, controlling for foreclosure rates reported by RealtyTrac.
Falling foreclosure rates reflect stronger employment conditions and consumer confidence as well as record low mortgage rates which are driving additional home sales.
While the possibilities are endless, a few practical examples of use for the 5D colorimetric technique could include tracking gas prices per county, analyzing foreclosure rates in different states or tracking epidemiological data for a virus.
Against the backdrop of the economic crisis, foreclosure rates soared, which caused the shortfall in FHA reserves.
According to those folks that track foreclosures, Spartanburg currently has the fastest growing foreclosure rate in the country.
However, while home values dropped more than 7 % in Maryland, Massachusetts and New Jersey — states where mortgage debt is the highest — foreclosure rates stayed low.
About 10 years ago, the US real estate bubble burst and foreclosure rates continually increased between 2006 to 2007.
Foreclosure outlook: Despite this pressure, Newport expects foreclosure rates to creep higher for the next year or so.
Apparently foreclosure rates amongst mortgages that are not owned by Fannie or Freddie have remained stable.
a b c d e f g h i j k l m n o p q r s t u v w x y z