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

Mixed Foreclosure Data

Over 1 million foreclosure filings year-to-date November

December 12, 2007

By MortgageDaily.com staff

California maintained its status as the state with the highest number of foreclosed properties, though the number of filings fell from October. Texas, meanwhile, saw its real estate owned filings more than double.

ForeclosureS.com reported that 14.8 of every 1,000 households nationwide faced pre-foreclosure as of Dec. 1. For the entire year through November, 1,082,712 homes entered the foreclosure process nationwide, a 93 percent jump from 2006.

The figures are reportedly based on a database of 3.5 million property listings. Filings can number up to three per property depending on laws in the local area of the property.

Among the worst ranked counties for pre-foreclosures were Maricopa County, Ariz., with 7,489 filings; Miami-Dade County, Fla., with 5,634 filings; Los Angeles County, Calif., with 4,739 filings; Cook County, Ill., with 4,615 filings; and Broward County, Fla, with 4,440 filings, according to the report.

Real estate owned filings were 72,101 last month, 32 percent higher than October, ForeclosureS.com said.

California, with 11,040 REO filings during November, had the most filings of any state, according to the report. Despite its No. 1 ranking, the Golden State saw 4 percent fewer filings than in October though filings were 360 percent higher than November 2006.

Texas ranked second, with 9,266 REO filings -- more than double the prior month but just 61 percent higher than a year earlier, ForeclosureS.com said. Next was Florida, with 5,087 filings, followed by Ohio, at 4,294 filings, and Georgia, with 3,657 filings.

"Our newest ForeclosureS.com report shows pockets of actual drops in the number of foreclosure and pre-foreclosure filings from a year ago," the report said.

Year-to-date, national REO filings totaled 526,936, 41 percent higher than the same period in 2006, the announcement indicated.

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