Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac

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RealtyTrac, which monitors county registries of deeds around the country, says lenders filed paperwork covering around 1.9 million foreclosures, deed seizures and property resales in 2012 — a roughly.

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WASHINGTON (AP) — About 1.7 million homeowners were on the verge of foreclosure in the fall, a looming ”shadow inventory” of homes that will be put up for sale in

3. W. Scott Frame, Andreas Fuster, Joseph Tracy, and James. to disclose any potential conflicts of interest that may arise from their consulting.. market share, compounded by a massive short-term drop in.. RealtyTrac. foreclosures: AIG's securities lending business and its credit default swap busi-.

[Admittedly, simply adjusting for inflation may not be. on subprime loans (those given to borrowers with weak credit histories) rose to 15% from 13.37% in 2006. RealtyTrac: In August, foreclosures.

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Foreclosure activity dropped 3 percent from April to May, according. leveling off while lenders work through the backlog of distressed properties that have built up over the past 20 months,"" said.

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After issuing high-cost loans to minorities in the years before the housing crisis, JPMorgan later refused to refinance the loans on the same terms as it extended to whites, leading to defaults and.

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 · There were 322,920 properties that received a foreclosure filing in May, down 3% from 333,837 in April. But it remains 1% above levels seen in May 2009. But it remains 1% above levels seen in May.

 · Prices fell 3.6% on a year-over-year basis in March, compared with a 3.3% year-over-year drop in February. The 20-city index is now below its April 2009 trough, meaning that home prices have fully retreated from gains posted from May 2009 through June 2010, putting housing in a.

The delinquency rate includes loans that are at least one payment past due but does not include loans somewhere in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the second quarter was 4.30 percent, an increase of 45 basis points from the first quarter of 2009 and 155 basis points from one year ago.

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