foreclosure statistics
Is the Foreclosure Crisis in Massachusetts Ending or At Least Slowing?
The foreclosure mess is far from over.
But there is a flurry of signs, some national, and one local, that we just might be finally reaching a turning point.
On the macro level, the number of homeowners falling behind on their mortgages actually fell in the fourth quarter, the Mortgage Bankers Association reported Friday.
Mortgages either 30 or [...]
Foreclosures Expected to Continue in Massachusetts
The worst of the foreclosure crisis that swept through the region in the past few years may be over, but the problem is not going away just yet.
The number of foreclosures fell last year. Yet at the same time, lenders began the process of foreclosing on hundreds more homes in the area.
High unemployment will probably [...]
Home Loan Delinquency Rates Rise Based on Foreclosures
Home-loan delinquency rates in the US reached 10% in December, up from the record-high 9.97% in November [1], according to Lender Processing Services (LPS [2]: 38.85 -0.05%), which provides data on mortgage performance.
Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%, according to the data in the LPS database. When extrapolated [...]
Massachusetts Foreclosures Rise in 2009, Overall
The number of foreclosures initiated in Massachusetts jumped 28.1 percent in 2009 to 27,928 from 21,804 in 2008 but was 5.5 percent below the level in 2007, according to the latest report from The Warren Group, publisher of Banker & Tradesman.
The number of completed foreclosures, meanwhile, declined 25.4 percent to 9,269 last year from 12,430 [...]
Massachusetts Real Estate Foreclosure Update
The number of foreclosures initiated in Massachusetts during the month of November fell below 2,000 for the first time since January, according to a new report by The Warren Group, publisher of Banker & Tradesman. Still, petitions to foreclose, which mark the start of the foreclosure process, remain at a relatively high level and were [...]
1 Million Homes Foreclosed in the US During 3rd Quarter 2009
Troubled home loans continued to mount in the nation’s banks in the third quarter as even once-solid borrowers increasingly fell behind on their mortgage payments.
For the first quarter ever, the number of homes in foreclosure with mortgages serviced by U.S. national banks and savings and loans topped the 1-million mark, according to figures released Monday [...]
Nantucket, MA, Concord, MA, Weston, MA, and Winchester, MA Foreclosures are Increasing 3X, or 4X
The state’s foreclosure crisis, which has largely battered lower cost cities like Worcester, Springfield, and Lynn, is slowly creeping into the state’s tonier towns, reflecting a tough financial year for even some of Massachusetts’ wealthiest residents.
Affluent towns including Nantucket, Concord, Weston, and Winchester, saw triple or quadruple digit percent increases in foreclosure deeds during the [...]
More Massachusetts Foreclosures for 2010
Looks like the foreclosure mess won’t be going away anytime soon.
Just as all the hoopla over the extension of the home buyer tax credit starts to fade, along comes the The Mortgage Bankers Association to bring the market back to reality.
One in seven loans is now in foreclosure, up from one in ten at the [...]
Newton Massachusetts Family Fights Foreclosure (video)
A Newton, Massachusetts mother is hoping the kindness of friends and strangers can help her keep her family home.
When Elinor Beatrice met her husband Jeff 20 years ago, they each had children from previous marriages, but they would spend the coming years expanding their family even more.
They raised 11 kids in the same house Jeff [...]
Bus tour highlights effects of foreclosures in Brockton Massachusetts
People here say they feel helpless and trapped.
There have been more than 1500 foreclosures here in the past five years – some of it questionable lending practices – and there was anger tonight against banks.
Most people are looking to find a way out.
The bus says “All Occasions” and this one is a tour of the [...]