Foreclosure activity is at the lowest level in over a decade
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Continuing to respond to higher mortgage rates, the Pending Home Sales Index (PHSI) slipped for the third straight month, dropping 1.6 percent in August to 107.7 the lowest level. is equal to the.
And most banks have recommenced most of their foreclosure activities. low and that can’t be sustained so when that gets adjusted to more normal levels it will hurt. I still see a lot of what we saw.
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The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.
· U.S. Foreclosure Activity Down 4 Percent in February to Lowest Level Since July 2006 Despite 9 Percent Rise in REOs. 24 states posted a year-over-year increase in overall foreclosure activity.
Lenders completed foreclosure (REO) on 25,990 U.S. properties in April, down 9 percent from the previous month and down 22 percent from a year ago to the lowest level since February 2015 – a 26-month (more than 2 year) low and running just above the pre-recession average of 25,796 per month between April 2005 and November 2007.
ATTOM Data Solutions also recorded a total of 74,341 residential properties with foreclosure filings in March, a 21 percent spike from the all-time low set in February, but also 11 percent lower than a year ago. march marked the 30th consecutive month with a year-over-year decrease in foreclosure activity.
While the real estate market continues to catch fire this summer selling season, foreclosure activity is cooling down – Or is it?. The latest report by RealtyTrac revealed the number of U.S. foreclosure filings was down 20 percent in the first six months of the year, and 11 percent from the first six months of 2015.
Continued Improvement Pushes Mortgage Delinquencies to New Record Low in May; Prepayment Activity Doubles Over Past Four Months. Read the Full Release. Press Room. Media Contacts. Michelle Kersch 904.854.5043 email@example.com. Press Releases.
It was the lowest level of foreclosure activity since the second quarter of 2006. "Legacy foreclosures from the high-risk loans originated between 2004 and 2008 have largely been cleared out of the distressed market pipeline," says Daren Blomquist, senior vice president at ATTOM Data Solutions, in a statement.
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