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.


U.S. Bankruptcies Plunge

Non-commercial filings down 13% between May and June

July 5, 2013

By Mortgage Daily staff

While bankruptcy filings had already been trending lower, new activity at U.S. bankruptcy courts plummeted last month for both consumers and businesses.

There were 83,580 new bankruptcy filings during June. The month's total bankruptcy filings included commercial and non-commercial activity.

Filings sank from a month earlier, when the total was 96,430, and from a year earlier, when 99,162 bankruptcies were filed.

The monthly statistics were reported by the American Bankruptcy Institute based on data supplied by Epiq Systems Inc.

ABI's more than 13,000 members include lenders and bankers, lawyers and judges, and other bankruptcy professionals.

"Today's figures confirm a new normal of reduced bankruptcies, as consumers and businesses continue to de-leverage in a sustained low-interest-rate environment," ABI Executive Director Samuel J. Gerdano stated in the report. "We expect the trend to continue through the end of 2013."

The report indicated that per capita bankruptcy filing rate was 3.51 filings per 1,000 in population during the first six months of 2013, off from a rate of 3.57 in the first five months.

Tennessee's per capita rate of 6.69 was the highest of any state.

No. 2 Georgia had a 5.83 per capita rate, followed by 5.69 in Alabama, 5.40 in Illinois and 5.38 in Nevada.

Zeroing in on just consumer filings, there were 80,122 non-commercial filings last month.

Non-commercial filings also showed a big improvement from May, when 92,413 consumers went bankrupt.

The improvement was even more significant compared to June 2012, when a revised 94,485 consumers sought bankruptcy protection.

During the first half of this year, 520,919 total noncommercial filings were made.

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