TITLE

Foreclosure Activity Hits 40-Month Low

AUTHOR(S)
Nemeroff, Evan
PUB. DATE
July 2011
SOURCE
Mortgage Servicing News;Jul2011, Vol. 15 Issue 7, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the affirmation of RealtyTrac Inc. regarding the decline of the foreclosure activity in the U.S. It states that foreclosure activity has slowed down reaching to the lowest levels in 40 months due to massive delays in preparing foreclosures rather than the outcome of a housing recovery. It also emphasizes that the slowdown of foreclosure activity reflects the inclination to not process foreclosures and wait longer for an alternative disposition, such as loan modification or short sale.
ACCESSION #
61834136

 

Related Articles

  • Keeping Up With Property Valuation Requirements. Dymi, Amilda // Mortgage Servicing News;Jul2012, Vol. 16 Issue 7, p15 

    The article discusses the challenges faced by mortgage loan lenders and servicers in the property valuation requirements in the U.S. MountainSeed Appraisal Management chief executive officer (CEO) Carl Streck claims that appraisal regulations that require time and resources to manage are...

  • Foreclosure inventories hit record highs in LPS report.  // Mortgage Banking;Oct2009, Vol. 70 Issue 1, p18 

    The article discusses the report from Lender Processing Services Inc.'s (LPS) Mortgage Monitor Report which reveals an increase in foreclosure rates on jumbo prime which are 634 percent based on data collected as of July 31, 2009. It notes that jumbo prime, option-adjustable-rate mortgage (ARM),...

  • Improvement? It's in the Details. Blecher, Herb // Mortgage Banking;Jul2012, Vol. 72 Issue 10, p18 

    The article looks at the improvement of the foreclosure inventory in the U.S. as of April 2012. It notes that the actual number of loans in foreclosure sits above 2 million, in spite of the decline in the overall population of outstanding loans. It highlights the fall of delinquent inventory,...

  • Servicers Face More Foreclosure Enforcement. Collins, Brian // National Mortgage News;12/6/2010, Vol. 35 Issue 11, p1 

    The article reports on the federal banking regulator's findings on the foreclosure process management in the U.S. It states that the finding suggests enforcement actions since several servicing industry improperly managed the foreclosure process. It also adds that problems in managing the...

  • DELINQUENCIES ARE UP SLIGHTLY, FORECLOSURES GREATLY.  // Mortgage Servicing News;Jul2009, Vol. 13 Issue 6, p12 

    The article reports on the claim by Lender Processing Services Inc. (LPS) that total mortgage delinquencies in April 2009 increased to 8.1%, with a year-over-year increase of 43% in the U.S. In LPS' Monthly Monitor for May 2009, foreclosure starts to decrease in April from March. The Monthly...

  • Foreclosures Increase 27%. Collins, Brian // Mortgage Servicing News;Jul2009, Vol. 13 Issue 6, p23 

    The article reports on figures from the Mortgage Bankers Association of America (MBA) which indicate that residential foreclosure starts increased 27% in the first quarter of 2009 to 1.33% of all outstanding residential loans in the U.S. It is estimated that consumers owe $9.585 trillion on...

  • '09 Foreclosures Hit Million. Dymi, Amilda // Mortgage Servicing News;Jul2009, Vol. 13 Issue 6, p24 

    The article reports on the Center for Responsible Lending's (CRL) data which indicate that the number of new foreclosures starts reached one million in 2009 in the U.S. By the end of 2009, CRL, a nonprofit organization, anticipated a total of 2.4 million foreclosure starts. Michael Calhoun,...

  • Will Servicers' Foreclosure Fixes Satisfy the Politicians? Berry, Kate // Mortgage Servicing News;Dec2010, Vol. 14 Issue 12, p6 

    The article reports on the effort of several mortgage servicers in the U.S. including Bank of America Corp., J.P. Morgan Chase & Co., and Wells Fargo & Co. to review its foreclosure procedures, particularly its loan files.

  • Foreclosure Crisis Could Jeopardize Mortgage Closings. Muolo, Paul; Collins, Brian; Harmon, Jennifer // Mortgage Servicing News;Dec2010, Vol. 14 Issue 12, p8 

    The article discusses the consequences of foreclosure crisis in the U.S. It cites that such crisis could jeopardize mortgage loan closings. It explores how moratoriums could help delinquent borrowers stay put. It further mentions that moratoriums could only slow the market down as proven by the...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics