A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. » Read more…
Tag Archives: foreclosures
Record year for foreclosures as unemployment rises
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Home sales likely fell in December
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Last month’s sales of previously occupied homes are expected to be down sharply from November after prospective buyers were granted more time to take advantage of a tax credit. » Read more…
Home prices unexpectedly dip
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Home prices unexpectedly slipped in December but the annual rate of decline slowed, reinforcing the housing market’s rocky road to recovery, Standard & Poor’s/Case-Shiller indexes showed on Tuesday. » Read more…
New wave of foreclosures threatens market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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The housing market is facing swelling ranks of homeowners who are seriously delinquent but have yet to lose their homes, and this is threatening a new wave of foreclosures that could hit just as the real estate market has begun to stabilize. » Read more…