Whether or not housing has "recovered" is still being debated, but this much is certain: the foreclosure rate is one-third of what it was at its peak five years ago, an improvement deemed "remarkable" and "solid" by one economist.
Read More »Foreclosure Starts Plunge to Lowest Monthly Total in Nearly a Decade
While foreclosure-related metrics are down, which default-related categories experienced seasonal increases in November?
Read More »Most Foreclosure Inventory, Opportunities Found in these 16 Key Markets
The nationwide share of residential homes in foreclosure is at its lowest level in eight years, but it remains high in a few areas. What states account for a large portion of the country's homes in foreclosure?
Read More »Foreclosure Inventory Plummets to Eight-Year Low
The news was all good on the delinquency front for October 2015 as all related metrics continued steep declines.
Read More »Aside from Completed Foreclosures, the News in Florida is All Good
The Sunshine State has fallen to third in foreclosure inventory rate (2.6 percent) behind New Jersey (4.6 percent) and New York (3.7 percent) and is getting closer to the national average, which was 1.2 percent during September. Florida had the highest decline of any state in foreclosure inventory year-over-year in September—a 42.3 percent drop, from 4.4 percent in September 2014.
Read More »Foreclosure Completions Skyrocket While Inventory Plummets
The number of completed foreclosures surged from 37,000 in August up to 55,000 in September, an increase of 49.5 percent, largely due to an annual public auctioning of thousands of tax-foreclosed properties in Wayne County, Michigan, where Detroit is the county seat, according to CoreLogic. By comparison, foreclosure completions averaged about 21,000 per month in the pre-recession years from 2000 to 2006.
Read More »Foreclosure Inventory Still More Than Double ‘Normal’ Level
Despite substantial declines over the last three to four years, especially in the last year, the rate of foreclosure inventory—that is, the percentage of residential properties that were in some state of foreclosure—remains about two and a half times its “normal” or pre-recession level, according to Black Knight Financial Services’ September 2015 Mortgage Monitor released Monday.
Read More »Foreclosure Inventory and Serious Delinquencies Are Down to 2007 Levels
Foreclosure metrics were way down across the board again in July 2015, as pre-sale foreclosure inventory dropped to its lowest level since December 2007 and completed foreclosures were down by nearly 25 percent year-over-year, according to CoreLogic's July 2015 National Foreclosure Report released Tuesday.
Read More »Steady Outflow is Driving Continuous Decline in Foreclosure Inventory
The foreclosure outflow was steady even with the lower year-over-year decline in foreclosure inventory; Black Knight found that 23 percent of all active foreclosures entering 2015 either were liquidated or went to sale during the six-month period ending June 30, 2015.
Read More »Foreclosure Inventory Drops to Lowest Monthly Total in Eight Years
The delinquency rate (percentage of properties 30 days or more overdue but not in foreclosure) dropped by 16 percent year-over-year down to 4.71 percent, nearly reaching its lowest point since the crisis. That share of 4.71 delinquent properties represents about 2.39 million loans nationwide. The number of properties in foreclosure pre-sale inventory dropped by 24 percent year-over-year in July down to 711,000.
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