Friday, July 11th, 2008...1:33 am
June Foreclosure Filings Up 53% From 2007
Welcome to the most up to date mortgage website. We give you all the latest mortgage industry news as it happens, everywhere it happens. Keep abreast here RSS feed. Thanks for visiting!
Home foreclosure filings are up 53% in June. This is the second straight month more than 250,000 homes have foreclosed. This is according to the latest report from RealtyTrac.
First of all, what is going on with the Fannie Mae and Freddie Mac news. This could be huge. The real debate is held in the reforms will be and still have enough capital to do with a need to do to affect relief on the markets.
If Fannie Mae and Freddie Mac do not have the capital they need, foreclosures will up. They are already up an enormous 53%, but down 3% from May, this is not a glimmer of hope.
It’s not the beginning of a trend. we have seen month to month dropped before. This one was probably driven by the fact that May was the highest number of foreclosures ever recorded.
Some state legislation take place that materially affected the numbers Massachusetts, they were off by 50%. They have a 90 day delay in foreclosures filings.
California, Arizona, Nevada have seen the most foreclosures.
Utah was added to the top 10 for the first time.
Todays Related Posts
Popularity: unranked [?]
Comments are closed.