Increasing Rate of Foreclosures Upsets Atlanta
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Despite a thriving local economy, Atlanta has one of the highest foreclosures in the nation, leading experts to fear similar problems in other U.S. cities.
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As mortgage defaults rise, more houses are being put up for auction -- and more people are seeing a chance to make big bucks. But there are risks
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National housing advocacy group Association of Community Organizations for Reform Now released a study showing the Boston metropolitan area had one foreclosure filing for every 177 households, ranking 75th out of 100 major US cities in 2006.
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The percentage of mortgages entering foreclosure rose to a record level during the three months that ended June 30, according to a survey released today.
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Sales of existing homes plunged by a record amount in September as turmoil in mortgage markets added more problems to a housing industry in its worst slump in 16 years
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As the U.S. mortgage crisis forces more properties into foreclosure, even renters are feeling the pain.
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The rate of delinquencies and foreclosures rose to 4.7 percent from July through September.
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A new read on foreclosure filings showed a double-digit drop for November, but don't expect the slowdown to last.
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U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company
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It started with subprime mortgages. Now owners of McMansions are defaulting, and the effects of the housing bust are beginning to ripple through the economy.
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Countrywide Financial Corp , whose shares have tumbled on concern it might not survive the nation's housing crisis, said on Wednesday it made more loans than expected in the fourth quarter, though foreclosures among loans it services increased.
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An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts.
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High numbers of residents in foreclosure in these 50 counties owe more than what their homes are worth.
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The pace of existing home sales fell sharply in August to a 5.5 million-unit annual rate while single-family home inventories grew to their highest level in 18 years, the National Association of Realtors said in a report on Tuesday.
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The rate of home loans entering the foreclosure process rose to a record high in the second quarter of 2007, driven largely by failing subprime mortgages, an industry trade group said on Thursday.
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The rate of home loans in foreclosure rose to a record level in the second quarter of 2007 as more homeowners in California, Florida and other states could not refinance their adjustable-rate mortgages.
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The pace of foreclosure starts hit a record last quarter, but the Mortgage Bankers Association says the numbers are skewed by four large states.