7 Articles match "California","Delinquency","Foreclose"

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• Foreclosure Filings Soar 90 Percent
  
  Certainly not every community nationwide is seeing an increase in foreclosures, but foreclosed properties are becoming more commonplace and adding to the downward pressure on home prices in many areas.” The biggest increases were for delinquency rates on subprime loans, up 227 basis points from a year ago. Top 10 Foreclosure Total Ranked by the number of foreclosure filings, A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac. U.S.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Study Forecasts Rising Subprime Foreclosures
  
  It warns cities in California, Nevada, New Jersey, New York and Michigan, as well as the greater Washington, D.C. The center offers up proposed solutions to curb increasing foreclosures, including due diligence by lenders before a loan is approved to make sure the borrower is qualified to repay, regulation of predatory lending practices, and coordinated programs to help delinquent homeowners. Absent from the studys executive summary and proposed solutions are any A new study released yesterday by the Center for Responsible Lending projects that one out of five subprime mortgages originated in the past two years will end in foreclosure, costing homeowners as much as $164 billion. “This rate is nearly double the projected rate of subprime loans made in 2002, and it exceeds the worst foreclosure experience in the modern mortgage market, which occurred during the “Oil Patch” disaster of the 1980s.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Avoiding, Stopping Foreclosures Information, Helpful Resources, Stop Home Foreclosure - RealtyTrac
  
  Heres some of the latest news articles written about attempts to either avoid or stop foreclosure in its tracks: Helpful Resources: (links will open in a separate window) • Real Estate Agents Spread the Word on Avoiding Foreclosures • Consumer Group Proposes Moratorium on Foreclosures • Treasurer creates task force to combat county foreclosures • State officials, lenders meet on foreclosures • HUD Stresses Promotion and Protection at California Homeownership
  www.realtytrac.com - Tuesday, February 3, 2009
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  And homeowners from California to Maine were left wishing they had a way to close the floodgates, stopping foreclosure of their homes immediately. Each foreclosure costs about one-third of the value of the loan. State officials in Massachusetts are proposing a plan to inject $250 million into helping delinquent homeowners who purchased their homes utilizing subprime morgages refinance into more affordable loans thus preventing foreclosure on their homes. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
  www.realtytrac.com - Tuesday, February 3, 2009
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• Fannie: Q1 a Swift Kick in the Rear
  
  However, foreclosed property expenses decreased to $170 million for the latest quarter, from $179 million in Q4 2007. Still, Fannie’s largest credit losses were concentrated in the states with the largest home price declines — California, Florida, Michigan and Ohio — four states that have remained among RealtyTrac's top foreclosure states in the nation for more than a year now. Fannie’s outlook for 2008 anticipates further weakness It may have been created and chartered by the federal government, but Fannie Mae (the Federal National Mortgage Association) is first and foremost a private company responsible to shareholders for running at a profit.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• High-End Foreclosures Rising Among Top Tier Homes
  
  In a lot of the bubble markets — like Miami, Palm Beach, San Diego, Las Vegas, Orange County and the Inland Empire in California — we are going to see an increase in the number of high-end foreclosures in relatively wealthy communities. This is just the tip of the iceberg.” McCabe believes that delinquencies and defaults will rise not only among subprime borrowers, but among prime mortgages, Alt-A loans, teaser rate loans and low money-down loans as well, forcing homes valued at more than $750,000 into foreclosure. High-End Foreclosures Rising Among Top Tier Homes By Octavio Nuiry, RealtyTrac Staff Writer    Until now, the foreclosure crisis was confined to a narrow niche of middle-class urban communities and outer-rim new housing developments where first-time homeowners and real estate speculators benefited briefly from favorable financing.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Bank-Repossession Beat Continues in March
  
  In the latter case, the homeowner offers to convey ownership of the property to the foreclosing lender. The year-over-year increase in bank repossessions was even more dramatic in some states: 619 percent in Arizona; 597 percent in New York; 557 percent in California; and 464 percent in Florida. Send an e-mail to daren@realtytrac.com and Ill send it to you. For the third month in a row U.S. foreclosure activity registered at more than 50 percent above the level it was
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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