twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to 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

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

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









site map
Foreclosure News | Foreclosure Resources

Foreclosures Fall

201,950 November filings

December 19, 2007

By staff

Led by a decline in real estate owned, foreclosures fell last month. Filings in the Golden State were down twice as much as they were nationally.

In November, 201,950 foreclosures were filed nationwide, RealtyTrac reported today. Filings fell 10 percent from 224,451 during October but rose from 120,334 foreclosures a year earlier.

"The 10 percent drop in November is the first double-digit monthly decrease we've seen since April 2006," RealtyTrac Chief Executive Officer James J. Saccacio said in the statement.

The Irvine, Calif.-based listing service said one foreclosure was filed for every 617 U.S. households.

Foreclosure filings include default notices, auction sale notices and bank repossessions, according to the report. The figures were derived from the company's database of over 1 million properties from nearly 2,500 counties.

With 39,992 filings, California had more foreclosures than any other state -- though the figure was a 21 percent drop from October, RealtyTrac reported. Florida followed, with 29,238 filings, then Ohio, at 16,308 foreclosures.

With just six foreclosures, Vermont had the fewest filings of any state, the data indicated. The state also had the lowest rate, with one filing for every 51,224 households.

Looking at just REOs, California topped the list at 8,259, followed by Ohio, with 6,778, and Michigan, at 4,359, according to the announcement. Nationally, REOs were 46,438 last month -- down 13 percent from 53,609 in October.

But the state with the highest foreclosure rate was Nevada, at one filing per 152 households, RealtyTrac said. Florida was No. 2, with one filing for every 282 households, followed by Ohio, with a filing for every 307 households.

"California cities accounted for five of the nation's top 10 metro foreclosure rates in November, one fewer than in the previous month," RealtyTrac stated. "Stockton, Calif. -- more than six times the national average. Modesto, Calif., took the No. 2 spot, with one foreclosure filing for every 104 households, and Merced, Calif., took the No. 3 spot, with one foreclosure filing for every 106 households."

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.

Logout forgot

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