The number of U.S. mortgages that were at least a month past due or in foreclosure slipped just below 5 million last month from just over 5 million. Delinquency has declined for six straight months. As of March 31, there were 4,997,000 home loans that were at least 30 days delinquent or in the process [...]
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Further Improvement in Delinquency Rate
April 23rd, 2013 
davidguide 
Posted in Business Loans 
Tags: 5 million, delinquency rate, Foreclosure, home loans, mortgages 
Comments OffNon-Agency Loans Drive Decline in Distressed Balances
June 27th, 2012 davidguide Since topping out in early 2010, the aggregate amount of severely delinquent mortgages has fallen by more than half. The improvement has been primarily concentrated in non-agency loans. Outstanding distressed loans are expected to return to pre-crisis levels within two years. As of May, $450 billion in residential first mortgages were at least 90 days [...]
Posted in Business Loans Tags: crisis levels, Decline, delinquent mortgages, distressed loans, Foreclosure Comments OffFlorida Foreclosures Deteriorate Despite U.S. Improvement
March 15th, 2012 davidguide While new foreclosure filings and completed foreclosures were lower for the nation as a whole last month, Florida saw significant deterioration. The Sunshine State had more foreclosures completed than any other state. The number of U.S. residential properties that were hit with a foreclosure filing during February was 206,900. Filings included notices of default and [...]
Posted in Business Loans Tags: Deteriorate, Deterioration, florida foreclosures, Foreclosure, Improvement, number, Pendens, residential properties, State, sunshine state, trustee Comments OffCA Foreclosures Fall Despite National Increase
February 16th, 2012 davidguide U.S. foreclosure filings increased last month, though year-over-year performance has been on the mend each month for more than a year now. New filings fell, however, in California — the state with the most activity. Meanwhile, U.S. mortgage servicers completed fewer foreclosures than in December. There were 3 percent more U.S. properties owned by delinquent [...]
Posted in Business Loans Tags: delinquent borrowers, fall, Foreclosure, Foreclosures, Mortgage, National, percent, post, repossessions, State Comments OffPotential Legislation Could Make Fla. Foreclosures Non-Judicial
September 21st, 2011 davidguide Florida’s governor and leaders of its legislature want to remove foreclosures from the judicial process in an effort to cut down on the time it takes to complete a foreclosure. There is, however, opposition across the isle to the Republican trio’s stance. While foreclosures in Arizona, another state with a high foreclosure rate, take less [...]
Posted in Business Loans Tags: effort, Foreclosure, Foreclosures, Governor, house speaker, Judicial, opposition, republicans, senate president, speaker, State Comments OffNational Notary Association Op-Ed
March 17th, 2011 davidguide The nationwide foreclosure scandal in 2010 shocked the country with the massive amounts of money lost nationwide. A significant part of the blame was placed on improperly performed notarizations. But this doesn’t tell the whole story. View full post on Mortgage Stories
Posted in Business Loans Tags: Association, country, Foreclosure, massive amounts, Mortgage, National, national notary association, post, scandal Comments OffDecember Delinquency Decline is 2nd Drop
January 20th, 2011 davidguide During December, mortgage delinquency of at least 30 days, including foreclosures, came in 12 basis points lower than November, Lender Processing Services Inc. reported. The rate was 158 BPS better than in December 2009. The improvement came despite an increase in the foreclosure rate as new defaults tumbled. View full post on Mortgage Stories
Posted in Business Loans Tags: basis, basis points, BP's, Delinquency, Foreclosure, Inc., Mortgage, mortgage delinquency, post, processing services Comments OffCostly Litigation for Foreclosure Firms
December 11th, 2010 davidguide A $12 million settlement was reached in a lawsuit filed by the Federal Trade Commission against National Foreclosure Relief Inc. A $60 million lawsuit was filed in October by California’s attorney general against US Loan Auditors. In Florida, the U.S. Department of Justice announced that Peter James Porcelli II was sentenced to prison and hit [...]
Posted in Business Loans Tags: California, Commission, Costly, Federal, federal trade commission, Firms, Florida, Foreclosure, foreclosure relief, Lawsuit, Litigation, National, national foreclosure, Peter James Porcelli II, porcelli, settlement, Trade, U.S. Department, US Comments OffDelinquency Rate on U.S. Mortgages Declines
November 18th, 2010 davidguide But the report, from the Mortgage Bankers Association, also found a rising rate of new foreclosure applications. View full post on Business Stories
Posted in Business Structures Tags: Association, Bankers, Declines, Delinquency, Foreclosure, foreclosure applications, Mortgage, mortgage bankers association, mortgages, rate, report, U.S. Comments OffJudicial Foreclosures Hinder Florida Recovery
November 5th, 2010 davidguide In the last year or so, California’s housing market, though still weak, has begun recovering, while Florida’s remains on the critical list. Many experts say on key reason is the approach to foreclosure. California keeps things less complicated and largely outside the courtroom, making it easier for banks to seize and resell homes. Florida, like [...]
Posted in Business Loans Tags: approach, Banks, California, courtroom, critical list, Florida, Foreclosure, Foreclosures, Hinder, Housing, housing market, Judicial, list, market, reason, Recovery, year Comments Off
