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 Filings Continue to Climb

224,451 foreclosures in October

November 29, 2007

By MortgageDaily.com staff

Foreclosure filings continued their ascent last month, rising marginally from September. But two states, Vermont and Delaware, offered positive data in an otherwise bleak report.

U.S. filings, which include default notices, auction sale notices and bank repossessions, totaled 224,451 in October, RealtyTrac reported today. Filings rose 2 percent from the prior month and were 94 higher than a year earlier. The level of activity represented one filing for every 555 households.

The tracking service said its data was drawn from a database of 1 million properties in nearly 2,500 counties.

RealtyTrac reported a 9 percent monthly decrease in default notices and a 35 percent increase in real estate owned.

California saw the highest number of foreclosures, 50,401 filings, according to the report. Florida was next, with 30,190 filings, followed by Ohio, which had 17,276 foreclosure filings.

Vermont had the fewest reported foreclosures, with just nine reported.

Alaska, with 252 filings, saw a 100 percent monthly increase -- the highest of any state, though it still had a very favorable rate at one filing per every 1,088 households, the data indicated. Delaware, on the other hand, saw the biggest decrease -- falling 45 percent to just 131 filings.

Based on the foreclosure rate, Nevada topped the list with one filing for every 154 households, RealtyTrac said. California had the second highest rate, at one foreclosure for every 258 households, then Florida, which saw one filing for every 273 households.

Vermont reportedly had the lowest foreclosure rate of any state, with just one filing for every 34,149 households.

Among metropolitan areas, the California cities of Merced, Stockton and Modesto respectively held the No. 1, No. 2 and No. 3 worst foreclosure rates. A total of six California cities ranked among the 10 worst.

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