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.

Foreclosure News | Foreclosure Resources | Foreclosure Prevention Guide

Foreclosures Filings Lower

252,363 June filings

July 10, 2008

By MortgageDaily.com staff

June Foreclosure filings eased from the prior month, though activity was still much worse than 12 months earlier. California continued to dominate among the worst states for foreclosures, while the Dakotas had the most favorable rankings.

During June, 252,363 U.S. foreclosures were filed, RealtyTrac reported today. Foreclosures fell from 261,255 the prior month but were well above 164,644 a year earlier. Year-to-date filings stand at 1,406,888.

The total reflects the number of properties with at least one foreclosure filing, including default notices, auction sale notices and real estate owned. The findings were based on a database of more than 1.5 million properties in more than 2,200 counties.

California saw 68,666 filings last month, more than any other state, the data indicated. Florida followed with, 40,351, then Ohio, at 13,194, and Arizona, which had 12,950. No. 5 was Michigan, with 12,025.

With just 11 foreclosures, North Dakota had the fewest filings of any state.

One U.S. foreclosure was filed for every 501 households, improving from one filing for every 483 households in May. During June 2007, one foreclosure was filed for every 704 households.

At one filing for every 122 households, Nevada had the worst foreclosure rate of all states. California was next, with one filing for each 192 households; then Arizona, at a filing for every 201 households. No. 4 was Florida, which saw one filing for every 211 households; and No. 5 was Michigan, with a filing for every 375 households.

Stockton, Calif., had the highest rate of any city, at one filing in every 72 households. No. 2 was Merced, Calif., with one filing for each 77 households; and No. 3 was Modesto, Calif., with one foreclosure for every 86 households.

"For the third month in a row, California and Florida cities accounted for nine out of the top 10 metropolitan foreclosure rates among the 230 metropolitan areas tracked in the report," RealtyTrac said.

North Dakota had the best foreclosure rate of any state, coming in at one filing for every 27,982 households.

U.S. REO filings reached 71,563 in June, down from 73,794 the prior month but climbing from 26,369 a year prior.

California saw 20,624 repossessions, the highest of all states, followed by Florida, at 5,536 REOs, then Texas, with 4,768. No. 4 was Michigan, at 4,715 REOs, and No. 5 was Ohio, at 4,553.

With just six repossessions, South Dakota had the fewest.

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.

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