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Conor Dougherty | The Wall Street Journal | “The number of foreclosed homes continues to fall across the country, which is helping the U.S. housing market creep back to normal. There were some 48,000 foreclosures completed in August, down 35% from a year ago, according to a release by CoreLogic. At the same time the inventoryRead more

JANN SWANSON | Mortgage News Daily | “CoreLogic said today that the shadow inventory or pending supply of homes at the end of July consisted of 1.9 million homes with an approximate market value of $293 billion. The shadow inventory is a measure of the number of properties that are seriously delinquent, in foreclosure or held as REORead more

KATE BERRY | American Banker | “The nation’s four largest banks are holding $57 billion of seriously delinquent loans that they’ve been slow to move into foreclosure over concerns that the Federal Housing Administration, the government mortgage insurer, will refuse to cover the losses and hit them with damages, according to industry sources. The banks —Read more

“Citing a higher than average foreclosure rate, Moody’s Investors Service assigned a negative outlook for the city of St. Petersburg. The negative outlook was part of an Oct. 3 report from Moody’s that also affirmed the city’s Aa2 issuer rating, or a measure of the city’s ability to meet its obligations. The affirmation of theRead more

Celia Watson Seupel, Special to CNBC | “When real estate agent John Lebron opened EZ Investments in Tampa, Fla., he may have already been planning fraud. His very first EZ Investments transaction involved selling a distressed property to his sister, then to his brother-in-law, the kind of “non-arms-length” flopping that tips authorities to collusion. LebronRead more

By John Hielscher |  “In 2009, nearly half of all Sarasota and Manatee county homeowners with mortgages owed more money on their loans than their properties were worth. Thanks to rising home prices and an improving economy, the percentage of so-called “underwater” homeowners regionwide has dropped significantly. But the Sarasota-Manatee region still has one of the nation’sRead more

By: Ken Amaro  | firstcoastnews.com “JACKSONVILLE, Fla. — Letitia Early, 51, lost her job in January 2008 and her ability to pay the mortgage on her home. But Early said she never lost her hope. “I limped along and used my savings,” she said, “Everything I had to make my payments.” She was doing everythingRead more

By Elliot Njus | oregonlive.com “An expanded state foreclosure mediation program is showing far more promise for homeowners than its 2012 launch, a virtual nonstarter. In the first six weeks since the expansion took effect in August, the program has received 456 requests for face-to-face meetings between mortgage borrowers and lenders, the Department of JusticeRead more

Scott Gunnerson | FLORIDA TODAY | “Zombies are everywhere lately, it seems. TV shows, video games, even chasing runners during special 5K races. You might even have a zombie next door. The first sign of trouble: An unmaintained yard, growing wild amid Florida’s summer heat and rain. “Zombie” properties — homes abandoned by the owners, but stillRead more

Rebecca Freeman | U.S. Finance Post | “The number of foreclosures in July were down 25 percent from a year earlier according to CoreLogic. During the month of July 49,000 foreclosures were completed compared to 53,000 the previous month.That was a decrease of 8.6 percent. In July 2012 there were 65,000 foreclosures. For context, CoreLogic pointed toRead more