8 Articles match "Delinquency","Florida","Year"

• The Best from RealtyTrac

  MORE

• MBA Survey Confirms Q1 Foreclosure Surge
  
  The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. The record-high delinquency rate reported by the MBA in the first quarter indicates that foreclosure activity has not peaked, which is also reflected in the numbers RealtyTrac has reported so far for the second quarter. State trends The four states with the highest foreclosure rates in the RealtyTrac first quarter report Foreclosure Market Report released at the end of April, which found overall foreclosure activity increased 23 percent from the fourth quarter of 2007 and 112 percent from the first quarter of 2007.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Foreclosure Filings Soar 90 Percent
  
  foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, reported RealtyTrac . Saccacio, chief executive officer of RealtyTrac, said a jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over. “Such strong activity in the midst of the typical spring buying season could foreshadow even higher foreclosure levels later in the year,” said Saccacio. “Certainly A growing number of American homeowners across the country are getting foreclosure notices, according to new data released this week by RealtyTrac.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Credit Card and Mortgage Debt Fuels Foreclosure
  
  Last year, the average American receiving financial counseling earned $27,000 annually and had $38,500 of unsecured debt spread over eight credit cards, according the National Foundation for Credit Counseling, a nonprofit group representing 115 counseling organizations. Among the hardest-hit states were California, Florida, Texas, Michigan, Illinois and Ohio. Debt! No word better describes why millions of Americans are now facing foreclosure.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Fannie: Q1 a Swift Kick in the Rear
  
  billion loss reported for Q4 2007, it pales in comparison to the $961 million profit the GSE reported for the same quarter a year ago. As a result of the losses, Fannie is revising its forecast for home price declines from a 5 to 7 percent loss nationally for all of 2008, to a 7 to 9 percent loss for the year, with significant regional differences in the rate of home price declines. Still, Fannie’s largest credit losses were concentrated 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
  READ MORE
• High-End Foreclosures Rising Among Top Tier Homes
  
  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. The rising trend of prime delinquencies among the wealthy poses a new threat to a battered housing market, which McCabe and others specialists claim is in a recession or heading towards one. “The next two years are going to be pretty ugly in South Florida,” predicted McCabe, saying that Florida real estate
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE
• Bank-Repossession Beat Continues in March
  
  foreclosure activity registered at more than 50 percent above the level it was at a year ago, according to the March RealtyTrac U.S. And for the second month in a row, the number of bank repossessions, or REOs, was up more than 100 percent year over year. The implication: while significantly more homeowners are falling into foreclosure, there is an even bigger increase in the number of homeowners already in the process who are losing their homes to foreclosure — whether through the typical foreclosure sale mechanism or whether by pre-empting the public foreclosure sale through what
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• Bush Foreclosure Solution Just Adds Water
  
  The IRS currently considers such forgiven debt to be additional gross (and taxable) income for the year. Will this effect the number of foreclosures coming down the pike as non-traditional ARM’s continue to reset at higher interest rates for the next few years? Stay tuned to ForeclosurePulse and RealtyTrac as this story continues to develop. Posted 10-05-2007 9:00 AM by joelc Filed under: Foreclosure It wasn’t very long ago that President George W. Bush came out with a public policy statement negating any
  www.foreclosurepulse.com - Tuesday, December 16, 2008
  READ MORE
• National Registration For Loan Officers Becomes Reality
  
  Prior to the legislation 14 states participated in the voluntary Nationwide Mortgage Licensing System, but under the new rules all states and all loan officers will be part of a mandatory registration system to be established during the coming year. But the real story is different: Mandatory registration will potentially allow mortgage investors worldwide to rank loan officer performance — and to refuse deals from those with high levels of foreclosures and delinquencies. National Registration For Loan Officers Becomes Reality By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
  READ MORE