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RealtyTrac: 2Q foreclosure activity rises as some states see reboot

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 · Although the rise in subprime lending and the ensuing wave of foreclosures was partly a result of market forces that have been well-identified in the literature, in the United States it was also a highly racialized process.

"January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in december foreclosure activity followed by a 10 percent drop in January," said James J. Saccacio, chief executive officer of RealtyTrac "If history repeats itself we will see a surge in the numbers over the next few months as.

For pre-foreclosure homes, which are residential properties in default or scheduled for auction, sales were at their highest quarterly level since the first quarter of 2009, according to RealtyTrac’s foreclosure sales report. Pre-foreclosure sales, which are typically sold through the short sale process, accounted for 12 percent of all sales during the first quarter, an increase from 10.

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Distressed sales have been held out of the mix as RealtyTrac’s report shows in my distressed housing timeline: * 2008-2010 – Heavy foreclosure volume as a result of the fallout from the tanking economy and housing market * 2010 (fall) – Robo-signing scandal combined with huge backlogs in judicial states

Florida law firms scrutinized in robo-signing scandal Foreclosure Fraud Operation Uncovered At Detroit Law Firm. – Matter of fact, the robo-signing scandal that got the attention of Mr. Hertel and Mr. Bullard had already brought down one major foreclosure law firm in Florida. The Law Offices Of David J. Stern closed their doors last month after his firm was fired by the major lenders for robo-signing.

Pembroke Pines Mortgage News – SoFlo:AM – A new report from RealtyTrac shows that more homeowners are keeping their homes out of foreclosure than ever before. The good news comes courtesy of RealtyTrac’s Midyear 2016 U.

$1.2 billion Fannie, Ginnie bulk MSR portfolio for sale 2018 HW Insiders: Shannon Faries Beyonce drops Homecoming Album with Netflix documentary – The Bey-hive is buzzing. Beyonce surprised fans by dropping Homecoming: The Live Album featuring her Coachella 2018 set with two brand new bonus tracks at the same exact time her Netflix documentary.Bids are being taken for three offerings that include mortgage servicing rights on nearly $5 billion in Fannie Mae, Freddie Mac and Ginnie Mae loans. The first deal includes MSRs on approximately 10,704 fixed-rate FNMA first-lien mortgages that have an aggregate principle balance of $2.7 billion.

The Accumulation of Lender-Owned Homes During the U.S. – The Accumulation of Lender-Owned Homes During the U.S. Mortgage Crisis: Examining Metropolitan REO Inventories. All states have some pre-foreclosure. measures of foreclosure and REO activity.

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 · July 21, 2010 – Home prices edge up in some areas, but likely to. 2010 – RealtyTrac: Phoenix No. 7 in foreclosures. April 22, 2010. Income levels rise in 36 states, but not in Arizona. Oct.