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by MortgageOrb.com| “The national mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) increased 4.23% in September to reach 6.46% of all mortgages, according to Lender Processing Services’ (LPS) First Look Mortgage Report, which covers about 70% of the U.S. housing market. Still, the delinquency rate for September was down 12.63%Read more

Staff | Tampa Bay Business Journal | “Home flipping dropped in the third quarter of 2013 in Tampa Bay, a sign that there are fewer bargain basement properties on the market. Between July and September, 575 homes were flipped in the area, about 50 percent lower than the rate during the same time in 2012, the TampaRead more

Jann Swanson | Mortgage News Daily | “Foreclosure activity in September was up 2 percent from August, RealtyTrac said today, but the third quarter saw the lowest level of foreclosure related filings since the financial crisis began.  The company’s U.S. Foreclosure Market ReportTM covering the two periods showed 131,232 filings in September including default notices, scheduled auctions, and bank repossessions orRead more

Press Release | Digital Journal | “RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for September and the third quarter of 2013, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 131,232 U.S. properties in September, a 2 percent increase from theRead more

Pamela M. Prah | Stateline “Florida still leads the country in overall foreclosure activity, but Maryland and Oregon experienced dramatic increases in foreclosure starts in recent months. Meanwhile, bank repossessions climbed significantly in Kentucky and New York. The number of U.S. homes entering the foreclosure process hit a seven-year low between July and September, but bankRead more

MARTHA BRANNIGAN | Miami Herald | “Even as Florida’s housing market is showing solid recovery with impressive gains in prices and sales volume, the state led the nation in foreclosures completed in the year ended in August; no other state was even close, according to CoreLogic. Of the 658,463 foreclosures completed nationwide during the 12-monthRead 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

By Michael Braga, Herald-Tribune | “Florida had the highest foreclosure rate in the U.S. in July, according to the Florida Legislature Office of Economic and Demographic Research. One in every 326 housing units was in foreclosure. Nine of the top 10 cities in the country – in terms of foreclosure rates – were in Florida – Jacksonville,Read 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