foreclosures

A Record Low for New Foreclosures, Another Record High for Average Time in Foreclosure

The Mortgage Monitor for April (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 595,235 home mortgages, or 1.17% of all mortgages outstanding, remaining in the foreclosure process at the end of April, which was down from 630,766, or 1.25% of all active loans, that were in foreclosure at the end of March, and down from 1.63% of all mortgages that were in foreclosure in April of last year.

Mortgage Delinquencies Drop 12.57% in February, Mean Time in Foreclosure At Record 1064 Days

The Mortgage Monitor for February (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 655,311 home mortgages, or 1.30% of all mortgages outstanding, remaining in the foreclosure process at the end of February, which was down from 659,237, which was also 1.30% of all active loans, that were in foreclosure at the end of January, and down from 1.72% of all mortgages that were in foreclosure in February of last year.

January Mortgage Delinquencies up 6.6%; 98,000 Bad Mortgages Face Statute of Limitations in 3 States

The Mortgage Monitor for January (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 659,237 home mortgages, or 1.30% of all mortgages outstanding, remaining in the foreclosure process at the end of January.

Mortgage Delinquencies Rise in November; Mean Time in Foreclosure at Record 1061 Days

Last week the Mortgage Monitor for November (pdf) from Black Knight Financial Services reported that there were 697,944 home mortgages, or 1.38% of all mortgages outstanding, remaining in the foreclosure process at the end of November, which was down from 721,435, or 1.46% of all active loans that were in foreclosure at the end of October, and down from 1.81% of all mortgages that were in foreclosure in November of last year.

Delinquencies and Foreclosures Up Again; Time in Foreclosure at 1056 Days

The Mortgage Monitor for September (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 737,254 home mortgages, or 1.46% of all mortgages outstanding, remaining in the foreclosure process at the end of September, which was down from 747,930, or 1.48% of all active loans that were in foreclosure at the end of August, and down from 1.89% of all mortgages that were in foreclosure in September of last year.

Mortgage Delinquencies and Foreclosures Increased in August; Mean Time in Foreclosure at 1015 Days

The Mortgage Monitor for August (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 695,548 home mortgages, or 1.37% of all mortgages outstanding, remaining in the foreclosure process at the end of August, which was down from 711,265, or 1.40% of all active loans that were in foreclosure at the end of July

Existing Home Sales Up 3.2% As Prices Soar To Record Highs

NAR's existing home sales really shot up in June with a 3.2% sales increase to 5.49 million annualized existing home sales.  This is an eight and a half year high.  In February 2007 existing home sales were 5.79 million.  This makes sales 9.6% higher than June of last year.  Existing home sales have been above their year previous amounts for six months now.

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