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Foreclosures down for third straight month as lenders manage backlog: RealtyTrac

Numbers don’t lie but they often don’t tell the whole story, as Irvine, CA-based RealtyTrac acknowledged today. Residential foreclosures in the first half were down 5 percent from the last six months in 2009, but only because lenders were approving short sales. That is, allowing the homeowner to sell the house for less than the amount of.

Industry veteran challenges CFPB’s support of disparate impact The CFPB intends to use a disparate impact test for all types of credit, including mortgage lending, student loans, auto loans and credit cards. Last week, the Department of Housing and Urban Development issued a final rule that provides that if a practice has a "discriminatory effect," HUD or a private plaintiff can establish liability under the Fair Housing Act (FHA), even if there is no discriminatory intent.

(Reuters) – Foreclosure filings on U.S. homes in September fell to their lowest level in five years, but some states are still seeing their foreclosures rise, a report from RealtyTrac said on.

FHFA: Mortgage rates down for third straight month. July 27, 2011 . Jon Prior. The national average mortgage rate charged for purchasing previously owned homes dropped 12 basis points to 4.62% in.

Justice using JPM settlement to pursue other banks BlackRock, PIMCO set to push for BofA mortgage deal Foreclosures down for third straight month as lenders manage backlog: RealtyTrac March home sales increase in almost all metros: RE/MAX This price range is hottest for home sales in Monroe County The market is hot in almost all areas where.

More than half those purchases in Miami and almost a third of them in. companies used to shield the identity of buyers, according to RealtyTrac. in which lenders have conceded to fraudulently processing foreclosures for.. Sales of previously owned homes jumped for the third straight month, up 3.6 percent in June.

According to state officials, there are 20,000 active foreclosure cases. rate of foreclosures again last month, with realty trac reporting one of every. courts have reduced the foreclosure backlog and shortened the time it takes to clear cases.. It would require lenders to take action to foreclose on these.

Foreclosure filings fell again in July, but a spike in new foreclosures indicates that the housing market still has a long way to go before it works through its backlog of problem loans.

Price was fired in October amid.Foreclosures down for third straight month as lenders manage backlog: RealtyTrac NEW YORK – The number of home- owners on the brink of losing their homes dipped in October, the third straight. have helped stem foreclosure activity, said Rick Sharga, senior vice president at.But a bigger, often-overlooked, risk.

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