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

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

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.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Foreclosures Ease

Texas tops ForeclosureS.com report

July 18, 2006

By MortgageDaily.com staff

The pace of national foreclosures slowed in the second quarter.

Nationwide, there were 220,154 homes in some stage of foreclosure during the second quarter, 3,331 more than in the prior quarter and 56,169 higher than the comparable period a year ago, according to ForeclosureS.com.

Texas led the nation as the state with 33,964 homes in the foreclosure process, followed by California's 31,754 and Florida's 24,671. However, the numbers were 3 percent and 9 percent lower than in the first quarter for Texas and Florida, respectively, the online foreclosure listing service reported.

In the Northeast, Massachusetts led with the number of foreclosures, which according to ForeclosureS.com, amounted to 5,966 last quarter.

Furthermore, "according to our New England researchers as of July 11th, 3,074 Massachusetts properties went into foreclosure in the last 60 days," said ForeclosureS.com President Alexis McGee in a written statement.

"The price boom we saw over the last five years, especially in the bi-coastal urban centers, really has no historical precedent in U.S. housing markets," she said. "Now, we're seeing the fallout that comes as these markets cycle over the top."

With home prices across Massachusetts falling about 4% from the peak at the end of 2005, it "makes it harder for folks being squeezed by rising mortgage payments to sell their way out of foreclosure in an orderly way," McGee added.

The state in which the rate of homes heading for foreclosure slowed by the most quarter-to-quarter -- falling 43% to 505 -- was Nebraska, ForeclosureS.com said.

Meanwhile, the largest quarterly increase in the number of reported properties in a foreclosure stage was in Alabama -- increasing by 4.5 times to 584.

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


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