Sentences with phrase «foreclosure rates during»

Turning to foreclosure, you might already know that Nevada was one of the top states for foreclosure rates during the recession.

The study also found these trends among those with the highest foreclosure rates during the housing crisis:

Not exact matches

Nevada has the highest foreclosure rate, with 0.7 percent of consumers receiving a new foreclosure notation on their credit report during the second quarter of 2010; Arizona is the next - highest, with 0.6 percent of consumers with new foreclosure notations;

If the borrower makes three lower payments during the trial period then the loan is permanently changed to that lower rate and hopefully the home is saved from foreclosure.

Nevada has consistently had one of the highest rates of foreclosure in the U.S. With so much attention given to foreclosure during the housing crisis, it seems surprising that so many homeowners would be unaware of programs that can help them.

The mortgage program features a strong educational component and careful underwriting that helps maintain low delinquency and foreclosure rates, even during the financial crisis.

During the fourth quarter of 2009, the foreclosure inventory rate for prime loans reached 3.31 percent, FHA mortgage foreclosures were at 3.57 percent, subprime borrowers were at 15.58 percent and those in the VA loan were at 2.46 percent.

After the rapid rate of foreclosures during the «Great Depression era in the 1930's banks only allowed these loans in rare circumstances.

California posted the nation's second - highest state foreclosure rate in January, with one in every 173 housing units receiving a foreclosure filing during the month.

Foreclosure activity in the Cape Coral - Fort Myers, Fla., metro area decreased nearly 22 % from the previous six months and was down nearly 30 % from the first half of 2009, but the metro area still documented the nation's second highest metro foreclosure rate — 4.98 % of its housing units (one in 20) received a foreclosure filing during the six - month period.

The program originated during the Great Depression of the 1930s, when the rates of foreclosures and defaults rose sharply, and the program was intended to provide lenders with sufficient insurance.Some FHA programs were subsidized by the government, but the goal was to make it self - supporting, based on insurance premiums paid by borrowers.

Florida foreclosure activity in the first half of 2015 decreased 22 percent from a year ago, but the state still posted the nation's highest foreclosure rate: 1.06 percent of housing units (one in every 95) with a foreclosure filing during the six - month period.