Forecast: More Than 8 Million Foreclosures By 2012

How the Loan Modification Fiasco of 2010 will lead to More Foreclosures in 2011 New York Area Has Biggest Jump in Foreclosure Filings – The New York metropolitan area had the biggest jump in foreclosure filings among top U.S. markets. led the 20 metro areas with the highest rates of foreclosure filings, at one in 67 households,

comprising more than one-third of the population (up from 15 percent in 1960). Four states have non-White majorities (California, Texas, New Mexico, and Hawaii). Minorities make up the majority in six of the eight U.S. cities with more than a million people-New York, Los Angeles, Chicago, Houston, Detroit, and Dallas

US Economy 2012: Summary and Critical Events. The number of unemployed fell from 12.8 million to 12.2 million.. on their plastic. All told, consumer debt was $2.78 trillion, or $23,346 per household. This was more than before the financial crisis, although it was a healthier ratio since it.

Americans have many problems, but owning a home isn’t one With life expectancies continuing to climb, the idea of living to 100 isn’t as far-out as it once might’ve been. In fact, 53% of Americans say they’d like to live to see 100, according to a survey by.

One in Three Online Consumers to Use a Tablet by 2014 – Growth will slow to double digits beginning in 2012. the forecast period, though its share will be slowly chipped away by competititors. The number of US iPad users will more than double between.

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Ally Financial, formerly GMAC Mortgage, suspends foreclosures in 23 states Ally Financial Inc.’s mortgage unit has temporarily suspended evictions and some bank-owned closings on homes in 23 states mostly on the East Coast and in the Midwest. In an internal memo dated.

Foreclosures are expected to peak while prices bottom out in 2011 as the nation’s housing crisis trudges into its fifth year. lenders repossessed more than 1 million homes in 2010, up 14 percent.

New York Court approves representation for mortgage borrowers in Ditech bankruptcy New York Court approves representation for mortgage borrowers in Ditech bankruptcy May 22, 2019 RSS FEED No comments The Bankruptcy Court of the Southern District New York denied Ditech ‘s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries.