Foreclosures down for 20th straight month

as processing delays and foreclosure prevention measures enabled a larger number of delinquent borrowers to remain in their homes. Filings were down 4% compared to June and were 35% lower than July.

"We’ve now seen three straight months with fewer than 300,000 properties receiving foreclosure filings, following 20 straight months where the total. and more a sign that lenders have become bogged.

Home-price gains in 20 U.S. cities decelerated in April for a 13th straight month to the weakest pace since 2012, indicating further moderation in the housing market, particularly in once-hot West Coast areas.

How To Wholesale Foreclosures With No Money Down Other REO foreclosures from HUD, fannie mae foreclosures and bank REOs will continue to compete aggressively for buyers by offering some of the lowest prices in decades. These forclosed homes for sale may be even better deals than the $100 Down homes when all is said and done. This month’s news shows the housing market continues to evolve.

Bank repossessions decrease for third straight month bank repossessions (REOs) decreased on a monthly basis for the third straight month in April, down 7 percent. 11 of 20 largest metros post.

Just a year or two ago, Jack Gregg’s company, Sellstate Performance Realty, had about 45 to 50 active foreclosures for sale at any time. That number now stands at about 10. "Foreclosures are only.

Nationally, foreclosure filings were down 34 percent in April to a 40-month low. James Saccacio, RealtyTrac’s chief executive officer, said the slowdown doesn’t stem only from improper case.

Distressed sales – foreclosures and short sales – were 3 percent of sales in September (the lowest since NAR began tracking in October 2008), unchanged from last month and down from 4 percent.

Mortgage servicer satisfaction back from the brink  · residential credit solutions to Pay $1.5 Million for Servicing Wrongs. WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against Residential Credit Solutions, Inc. for blocking consumers’ attempts to save their homes from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, treated consumers.

By Mike Colpitts. Demonstrating the U.S. largest five banks are following rules agreed to in their $25 billion settlement with 49 state attorney generals, foreclosures saw a drop for two straight months in March as lenders increased efforts with home mortgage holders, according to RealtyTrac.

. foreclosure activity has now decreased on a year-over-basis for 20 straight months including May, but the jump in May foreclosure starts shows that it’s going to be a bumpy ride down to the bottom.

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The number of foreclosure petitions in Massachusetts increased 13.1 percent in June, marking 28 straight months of year-over-year. percentage decrease in completed foreclosures — down 20.8 percent.

Former Fannie execs denied dismissal of subprime fraud suit Maxine Waters asks for regulatory scrutiny for all msr transfers buckley’s CFPB practice includes more than 40 partners and counsel who have advised on CFPB regulatory, examination, and enforcement matters. The firm has advised or is still advising on more than 50 examinations, investigations, and enforcement actions in connection with CFPB rulemakings. On this page, we outline some of the knowledge, insights and observations we haveJudge Crotty Rejects Ex-Fannie Mae Executives’ Bid to Dismiss SEC Charges By Laurie Edelstein on August 14, 2012 Posted in SDNY Blog Last Friday, Judge Crotty denied the attempt of three former Fannie Mae executives to dismiss the SEC’s charges that they mislead investors about the company’s exposure to subprime mortgages.