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Tag Archives: Foreclosure

Foreclosure Sales Hit Seven-Year Low in Q2

Foreclosure sales are way down nationwide for the second quarter of 2014 with close to 115,000 reported, according to HOPE NOW's Q2 2014 data released earlier in the week. It was the lowest number of foreclosure sales reported for any quarter since HOPE NOW began tracking foreclosure data in 2007.

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Non-Foreclosure Solutions Outpace Foreclosures 4 to 1

Approximately 421,000 homeowners used various non-foreclosure solutions from mortgage servicers in the second quarter of 2014, according to recently released Q2 2014 data from HOPE NOW, a private sector alliance between various players in the mortgage industry. The number of non-foreclosure solutions in Q2 was almost quadruple the number of foreclosure sales for the same period (115,000), according to HOPE NOW.

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Foreclosure Filings Up in July

Foreclosure activity on U.S. housing units showed a 2 percent increase in July from the previous month but was still down 16 percent from the same month last year, according to RealtyTrac's July 2014 U.S. Foreclosure Market Report released on August 14.

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Massachusetts Bill Limits Time Allowed to Challenge Foreclosure

Improper foreclosures conducted by some financial institutions are part of the legacy of the left by the financial crisis. A foreclosure that is not conducted in accordance to state law leaves the new purchaser of the property in the impossible position of not having marketable title when they go to sell it again.

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SunTrust Cooperating with Foreclosure Fee Investigation

In a quarterly filing released Wednesday, SunTrust Banks, Inc. announced that it was cooperating with a government probe into fees and expenses charged by law firms for services related to foreclosing upon delinquent loans guaranteed by Fannie Mae and Freddie Mac.

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CoreLogic: Falling Foreclosure Inventory in June

CoreLogic published its monthly National Foreclosure Report with data from June 2014, which indicates that foreclosure inventory is down 35 percent from June last year. Foreclosures fell from 54,000 to 49,000 on a year-over-year basis. The report further indicated that foreclosure ...

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RMBS Liquidations Increase for the First Time in Almost Two Years

Annualized liquidations of United States RMBS loans increased last quarter for the first time in seven quarters, according to a report issued Monday by Fitch Ratings. The conditional default rate increased in Q2 2014 to 4.92 percent after nearly two years of declines from 9.76 percent in Q2 2012. The previous decline was spurred on by shrinking inventories of distressed properties and a decrease in the use of short sales.

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