7 Articles match "Denver","Rate"

• The Best from RealtyTrac

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• Top 10 Metro Foreclosure Rates
  
  Metropolitan ForeclosureMarket Repor t, which ranks the nations 100 largest metro areas byforeclosure rate in the first quarter of 2006. Here are the 10 metroareas with the highest foreclosure rates, along with the percentage ofhouseholds in foreclosure for each area: 1. Denver -- 0.95% 6. RealtyTrac today released its first ever U.S. Indianapolis -- 1.45% 2.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FHA Program Linked to High Colorado Foreclosure Rate
  
  An illuminating article in the Denver Post connects the dots between Colorado’s high foreclosure rate and an FHA program gone awry: “Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.” The article recounts several stories of homeowners who paid just a few hundred dollars to buy their home, using a loophole in the program to obtain the 3 percent required down payment from the sellers — by way of a nonprofit agency.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Motor City Tops MSA Foreclosure List in Q3
  
  As if it wasn’t bad enough that the local economy has been steadily losing jobs in the automotive sector, Detroit reported the highest foreclosure rate of the top 100 metropolitan statistical areas (MSAs) in the country for the third quarter of 2006 as well. After two straight quarters when Indianapolis, Atlanta and Dallas led the nation in foreclosure rate, Detroit took over the top spot on the RealtyTrac Q3 2006 U.S. Metropolitan Foreclosure Market Report — followed by Ft. Lauderdale and Denver .
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Metro Foreclosures: California Catch-up
  
  Foreclosure activity decreased in the majority of the nation’s 100 largest metropolitan areas in the second quarter of 2006, including Indianapolis (down 32 percent from the previous quarter), Atlanta (down 37 percent), Dallas (down 12 percent) and Denver (down 18 percent). But those four cities still documented the four highest metro foreclosure rates among the top 100 cities, according to RealtyTrac’s just released Q2 U.S. Metropolitan Foreclosure Report . A few cities posted increasing foreclosure activity in the second quarter, including Stockton, Calif. (up
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• U.S. Foreclosure Activity Surges in First Quarter
  
  The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly foreclosure rate since RealtyTrac began issuing its report more than two years ago. Nevada reported the highest state foreclosure rate during the quarter, with one foreclosure filing for every 75 households — 3.5 U.S. foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Foreclosure Filings Soar 90 Percent
  
  The biggest increases were for delinquency rates on subprime loans, up 227 basis points from a year ago. Late payments and new foreclosures on adjustable-rate home mortgages made to people with spotty credit histories spiked to all-time highs in the first three months of this year, the MBA said. Top 10 Foreclosure Rate RealtyTrac’s report said six of the Top 10 metro areas with highest foreclosure rates were in California. 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
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• Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
  
  Couples get divorced, people get sick, lose their jobs, OR, their income doesnt keep up with escalating mortgage payments caused by the resetting of interest rates to higher levels on those so-called "exotic" or "toxic" or "liar" loans (whatever you want to call them) of the past few years. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices;
  www.realtytrac.com - Tuesday, February 3, 2009
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