twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.


Bankruptcy Filings Tick Up

January consumer filings up 4%

Feb. 5, 2013

By Mortgage Daily staff


While consumer bankruptcies have slowed over the past year, they picked up over the last month. The outlook, however, is for fewer bankruptcy filings this year.

The country saw total 78,471 commercial and non-commercial bankruptcies filed in January. Activity fell from December, when 75,583 debtors resorted to bankruptcy.

In January 2012, U.S. Bankruptcy Court filings totaled 88,028.

The statistics were reported by the American Bankruptcy Institute and based on data delivered by Epiq Systems Inc. The Alexandria, Va., trade group's more than 13,000 members includes lenders and people in the legal profession.

Consumer filings accounted for 74,743 of last month's activity, ABI said.

Consumer filings worsened from the final month of last year, when 71,817 non-commercial bankruptcy filings were made.

But bankruptcies have retreated from the first month of last year, when 83,022 consumer filings occurred.

"Filings continue to be restrained by reduced consumer spending, low interest rates and sustained deleveraging by businesses and households," ABI Executive Director Samuel J. Gerdano said in the report. "These trends point to continued declines in bankruptcy filings in 2013."

Including commercial and non-commercial filings, the U.S. per-capita filing rate was 3.04 per 1,000 in January.

Tennessee had last month's highest per-capita rate: 6.02 total filings per 1,000 in population.

After that was a 5.01 per-capita rate in Alabama, then Georgia's 4.92, Illinois' 4.70 and Nevada's 4.63.

next story

back to current headlines


Credit News | Bankruptcy Statistics | Credit Score Statistics
Credit scores, bureaus & technology. Bankruptcty activity. Credit-related lawsuits, announcements and coverage of F a i r Isaac, E q u i f a x, E x p e r i a n, F I C O, V a n t a g e Score & T r a n s Union.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders