Blog

CHARLENE CROWELL | NNPA | “With the annual holiday season approaching, many across the country will soon be celebrating with families and loved ones. Many such gatherings will toast the season and its blessings. But for families still troubled by delinquent mortgages and foreclosures, this time of year has another meaning. These consumers are wonderingRead more

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

Newsroom America Staff | “CoreLogic says there were 48,000 completed foreclosures in the U.S. in August of 2013, down from 72,000 in August 2012, a year-over-year decrease of 34 percent. On a month-over-month basis, completed foreclosures increased 1.3 percent, from 47,000 in July 2013. Overall residential shadow inventory, as of July 2013, was 1.9 millionRead 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

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

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

Linda Hersey | SaintPetersBlog | “More homes sold in St. Petersburg than any other Pinellas County city in July. But Florida overall tops the nation in the percentage of underwater homes and short sales, according to new statistics. RealtyTrac, which monitors homes in foreclosure, reports that in August the Sunshine State was No. 2 in theRead 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