Sentences with phrase «record high foreclosure»
He talks about the 1.5 million record high foreclosure numbers.
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The case advances as foreclosures remain near record highs as a result of the 2008 financial crisis, which was set off by a collapse in subprime real estate financing.
Ten years after the foreclosure crisis began, the pain grinds on locally in low - income areas and communities of color, while big financial institutions are riding high with billions of dollars in profits amid record stock - market peaks.
Prices are at record lows, foreclosures are at record highs, interest rates are being offered below 5 %.
According to Lawrence Yun, chief economist of the Realtors» group, the number of home foreclosures may rise to 2.5 million this year and that would be the highest since keeping records of home loan defaults.
New home foreclosures in the U.S. rose to a record high in the fourth quarter as borrowers with adjustable - rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said in a March 6 report.
While the home equity situation in America is much better today and the volume of short sales and foreclosures has receded from record highs, there are still about 2.5 million homes underwater, according to industry data.
While the home equity situation in America is much better today and the volume of short sales and foreclosures has receded from record highs, there are still about 2.5 million homes underwater, according to industry data.
Even distressed property sellers are benefitting from this hot seller's market, with a record - high share of homes at foreclosure auction being purchased by third - party buyers, rather than reverting back to the foreclosing bank.»
Foreclosures hit record highs in 2009 and 2010 and began to fall in 2011.
Interest rates continue to remain at record lows, there is a high supply of inventory to choose from (over 7 months worth) and mortgage servicers have gotten better equipped to handle the high volumes of foreclosures and short sales in Baltimore.
After the last presidential election in 2008, foreclosure filings had increased 81 percent over the previous year and home sales were down nearly 42 percent from record highs in 2005.
Given record inventories and continued high foreclosure levels, home prices will bounce along the bottom for a while, at least according to the crystal ball wielded by David Berson, chief economist with mortgage insurers PMI Group.