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Josh Salman | Herald Tribune | “Lenders completed fewer foreclosures nationwide in May, but the rate of defaults continue to top recent years and the amount of distressed residences remains dangerously high, a new report shows. Mortgage bankers repossessed 52,000 delinquent U.S. homes in May, a 3.5 percent increase from April but down 27 percent fromRead more

TheRealDeal.com | “Tens of thousands of Florida homeowners have abandoned properties threatened by foreclosure, a dark spot in the Sunshine State’s otherwise brightening real estate market, the Palm Beach Post reported. About 55,000 Florida homes with defaulted mortgages are deserted, nearly one third of the national total and more than triple second-place Illinois, which hasRead more

By Les Christie | @CNNMoney | “The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust.   Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Overall, filings haveRead more

Cameron Davis | ThinkProgress | “The number of completed foreclosures in May was down 27 percent, to 50,000, compared to May of last year, analytics firm Core Logic reported Tuesday. One million homes remain in some stage of foreclosure, although that figure is down 29 percent from a year earlier. But while foreclosure rates are downRead more

Heather Perlberg & John Gittelsohn | “Jonathan Gray, global head of real estate at Blackstone Group LP, talks about Blackstone’s investment in residential real estate and the outlook for the U.S. housing and commercial property market. He speaks with Erik Schatzker and Deirdre Bolton on Bloomberg Television’s “Market Makers.” (Source: Bloomberg) The firm, which already ownsRead more

Francys Vallecillo | “The number of foreclosed homes in the United States in May was 27 percent lower than a year ago, according to the latest numbers from CoreLogic. There were 52,000 completed foreclosures in May, compared to 71,000 in May 2012.  But the levels are still far above the pre-crash foreclosure rate. In comparison,Read more

Reuters with CNBC.com | “Fewer U.S. foreclosures were completed in May compared to a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal, data analysis firm CoreLogic said Tuesday. There were 52,000 foreclosures completed, well below the 71,000 in May 2012, CoreLogic said. Even so, thatRead more

Al Sunshine | Checks earmarked for thousands of Florida foreclosure victims are finally in the process of being sent out and hundreds of millions of additional dollars more are being earmarked for new housing programs statewide. Yet there is a growing debate about where most of the money is going and if foreclosure victims are reallyRead more

BY: ESTHER CHO | “As Fannie Mae and Freddie Mac continue their efforts to prevent millions of foreclosures, delinquency rates are also declining, with 60-plus delinquencies down to the lowest level since the first quarter of 2009, according to a report from the Federal Housing Finance Agency (FHFA).    So far, efforts from the GSEs have led to nearly 2.8 millionRead more

Huffington Post | “My father arrived in this country from Europe in the late 1940s with a love of all things American but was especially fond of the post-war boom in emerging technology. To satisfy this hunger, he bought himself a new-fangled Webcor reel-to-reel tape recorder replete with a throbbing green “magic eye” (to monitorRead more