Foreclosures down for third straight month as lenders manage backlog: RealtyTrac

RealtyTrac: May foreclosures inch up 2% “Foreclosure activity subsided somewhat in June after hitting a 30-month high in May,” said James J. Saccacio, chief executive officer of RealtyTrac. 315 households – up from third highest the.

It was the second-straight month of declines following three months of increases, Irvine, Calif.-based RealtyTrac reported. Foreclosure starts since peaked in April 2009 at around 203,000.

Foreclosure moratoriums in each state in the aftermath of Superstorm Sandy last month means it will take longer for lenders complete pending foreclosures, Blomquist said. All told, 89,209 homes entered the foreclosure process in October, up 2 percent from September, but down 19 percent from October last year, RealtyTrac said.

How to Buy Properties At The Foreclosure Auction EVEN If There's NO INVENTORY Foreclosure filings fell again in July, but a spike in new foreclosures indicates that the housing market still has a long way to go before it works through its backlog of problem loans.

Foreclosure rates dropping, may mean less vacant homes. lenders to tackle their backlog of foreclosure cases. Fourteen states saw an annual increase in foreclosure activity, which RealtyTrac. A surprising jump in first-time claims for unemployment aid sent a painful reminder thursday that jobs remain scarce six months into the economic recovery.

Foreclosures up for third straight month . By John Hielscher. vice president at RealtyTrac. "Lenders and courts are pushing through stubborn foreclosure cases that have been languishing in.

Republican jobs bill aims to repeal Dodd-Frank  · A bill that seeks to repeal the Dodd-Frank Act passed the House in a 233-186 vote Thursday, supported only by a House Republican majority, Bloomberg reported. But the new bill.

Existing-home sales continue to slip Multifamily development picks up despite falling demand fannie mae midyear multifamily Outlook – 2018 by HFO. – Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Easily share your publications and get them in front of Issuu’s.Existing-home sales eased in March from inventory constraints, which continued to pressure home prices, according to the National Association of Realtors®. Existing-home sales eased in March from.

By J.W. ELPHINSTONE AP Real Estate Writer NEW YORK (AP) – The number of homeowners on the brink of losing their homes dipped in October, the third straight monthly decline, as foreclosure prevention programs helped more borrowers. But foreclosure filings are still up 19 percent from a year ago, RealtyTrac Inc. said Thursday, and rising job losses continue to threaten the stabilizing trend.

Foreclosure filings on U.S. homes in September fell to their lowest level in five years, but some states are still seeing their foreclosures rise, a report from RealtyTrac said on Thursday.

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there remains

MBA: Lenders need to cooperate with Congress Roget said the FHA proposed revisions to loan-level certifications and defect taxonomy is designed to bring added clarity for compliance. "We understand that for lenders who have stayed in the FHA program, as well as those who have left, need that certainty," she said.

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent billion mor. no inventory!" Bank repossessions (REO) are down for the third straight month, according to RealtyTrac. Lenders took back 51,415 properties in April.