Sentences with phrase «foreclosure starts»

The increase in foreclosure starts was due to increases for all loan types.

About half of investors said real estate investing is harder today than when large numbers of foreclosures started five years ago.

More than half have smaller foreclosure inventories and fewer foreclosure starts than in 2008, while distressed properties make up a smaller share of overall residential sales when compared to four years ago.

About half of investors said real estate investing is harder today than when large numbers of foreclosures started five years ago.

The number of foreclosure starts fell from March's 73,100 to 70,100 in April, the scorecard concluded when citing RealtyTrac data.

«The drop in overall foreclosure activity in November was caused largely by a 71 - month low in foreclosure starts for the month, more evidence that we are past the worst of the foreclosure problem brought about by the housing bubble bursting six years ago,» says Daren Blomquist, vice president at RealtyTrac.

«The increase in prime ARMs foreclosure starts was greater than the combined increase in fixed - rate and ARM subprime loans.

Wall Street buyers are acquiring the debt after foreclosure starts dropped this year to the lowest level since 2006 and house values soared in California, Phoenix and other markets hard - hit by the real estate crash.

Even though RealtyTrac Inc. reports foreclosure starts numbered 747,728 in 2013, down 33 % from the previous year — with mortgage delinquencies less common amid steady job growth and rising home prices — the environment has limited improvement.

RealtyTrac is predicting that short sales will continue to grow as foreclosure starts were up both nationally and in 31 states in March.

A total of 92,703 U.S. properties started the foreclosure process in Q1 2018, up 8 % from the previous quarter but still down 10 % from a year ago — the 11th consecutive quarter with a year - over-year decrease in U.S. foreclosure starts.

As a demonstration of this point, for the past 2 years the Mortgage Bankers Association quarterly National Delinquency Survey has reported that VA - guaranteed loans have the lowest foreclosure starts and foreclosure inventory of any loan type.

The largest percentage of GSE foreclosure starts are coming from loans that are six or more months behind on payment.

Second, the overall foreclosure start rate was 1.20 percent — that's up from 1.08 percent in the fourth quarter of 2009.

This was an increase of 6.2 percent from the number of national home foreclosure starts posted last July.

A total of 15 states registered a quarter - to - quarter drop in new foreclosure activity, but the overall downward trend in foreclosure starts remains in place as 45 states saw a year - over-year decline.

If things really collapse and foreclosures start popping up everywhere, Genworth could be in rough shape.

States with some of the biggest annual increases in foreclosure starts included the judicial foreclosure states of New Jersey (118 percent), Pennsylvania (97 percent), Florida (83 percent), Massachusetts (60 percent), New York (59 percent), South Carolina (43 percent), Ohio (32 percent) and Illinois (28 percent), and the non-judicial foreclosure states of Tennessee (165 percent), Texas (51 percent), Missouri (35 percent), Georgia (30 percent), and Michigan (24 percent).

However, the HBoR does not seem to have had a similar effect on the state's foreclosure starts which, while down significantly from 2012 levels, are in line with the rest of the nation's decline in referral activity following the attorneys general mortgage settlement and FHA modification initiatives.

«U.S. foreclosure activity has now decreased on a year - over-basis for 20 straight months including May, but the jump in May foreclosure starts shows that it's going to be a bumpy ride down to the bottom of this foreclosure cycle,» says Brandon Moore, CEO of RealtyTrac.

«Based on the rise in pre-foreclosure sales we've seen so far this year, a higher percentage of these new foreclosure starts will likely end up as short sales or auction sales to third parties rather than bank repossessions going forward.

«Our first quarter foreclosure sales report showed that the average price of a pre-foreclosure home was more than $ 27,000 higher than the average price of a bank - owned home — which quickly adds up given that there have been an average of 1.6 million nationwide foreclosure starts per year for the past five years.

Florida had the third highest mortgage delinquency rate, the worst foreclosure inventory, and the most foreclosure starts in the nation as of the date of the Order.

Total delinquency rates and foreclosure starts fell from the previous quarter for most types of home loans, including prime fixed, prime adjustable - rate mortgage (ARM), sub-prime fixed and sub-prime ARM.

The Lender Processing Services (LPS) June Mortgage Monitor provided the most recent report last week, noting that «foreclosure starts for loans owned by the Government Sponsored Entities (GSEs) are at an all - time high.

Local nonprofit housing developer Belmont Arthur Avenue LDC, under the receivership of its director Joseph Cicciu, was appointed by the courts to collect rent and make repairs on the Milbank buildings after foreclosure started, though tenants report the agency has not been effective in responding to their requests.

LPS reported foreclosure starts were down 8.2 percent month over month, while foreclosure sales rose 10.1 percent.

• U.S. foreclosure starts were down 13 percent from the previous month and down 28 percent from a year ago to the lowest level since December 2006 — a 71 - month low.

«We're at such a low level of foreclosure starts, we're going to see some increases and some decreases from here on out.»

Twenty - three of 53 metropolitan statistical areas with at least 1 million people (43 %) posted a year - over-year increase in foreclosure starts in the first quarter, led by Indianapolis, Indiana (up 148 %); Minneapolis - St.

It also has to allow some flexibility to become a «lender of the last resort» in case the foreclosures start to accelerate.

While the mainstream media reported that foreclosures hit a post-crisis low in October, not reported by the mainstream media is that delinquencies, defaults and foreclosure starts are spiking up.

In fact, the foreclosure start rate for FHA loans is LOWER than for loans in general.

«The total delinquency rate and foreclosure starts rate decreased and are back down to levels from three years ago.

«By loan type, the foreclosure starts rate increased 21 basis points for prime loans (from 0.91 percent to 1.12 percent), 48 basis points for subprime loans (from 2.83 percent to 3.31 percent), 22 basis points for FHA loans (from 1.02 percent to 1.24 percent) and 16 basis points for VA loans (from 0.70 percent to 0.86 percent).»

Maryland ranked 17th in the U.S. in delinquencies and 11th in the number of foreclosures started.

Thus the foreclosure start numbers will likely be increasingly focused on by refinancing ARM loans with fixed rate home mortgages.»

«Ultra-low mortgage interest rates and steady, if not spectacular, job creation could mean that the delinquency rate and foreclosure start rate are falling quickly,» Diggle writes.

RealtyTrac measured five key housing metrics in 919 U.S. counties and discovered the majority are still suffering from falling average home prices, unemployment, and higher foreclosure inventories, foreclosure starts and distressed sales.

This past year marked a transitional period in housing as the market moved through quickly escalating prices to a sustainable, long - term recovery, comprised of reduced delinquencies and foreclosure starts as well as rising home values.

If you owed $ 800,000 when the foreclosure started you may well owe $ 900,000 or more when the property goes to foreclosure sale.

Some have foreclosures started and I have an attorney ready to start work on the others.

In a new report, Paul Diggle from Capital Economics writes that «ultra-low mortgage interest rates and steady, if not spectacular, job creation mean that the delinquency rate and foreclosure start rate are falling quickly.»

«Markets with the biggest increases in short sales tend to be those where either foreclosure starts or scheduled foreclosure auctions have rebounded in the last 18 months — translating into more motivated short sellers — or those with a still - high percentage of underwater homeowners with negative equity.»

We're likely not completely out of the woods when it comes to foreclosure starts, either, as lenders are still adjusting to new foreclosure ground rules set forth in the National Mortgage Settlement along with various state laws and court rulings.»