Us Home Foreclosures Reach Record High In Second Quarter

US home foreclosures reach record high in second quarter

Los Angeles TimesUS home foreclosures reach record high in second quarterLos Angeles TimesBank repossessions increased 38% in the second quarter from the same period a year earlier for a record total of 269952, according to data to be released Thursday by RealtyTrac. Short sales are one way lenders have been striving to avert foreclosures.

Senh: Until banks are willing to reduce homeowners' principals, this will continue to be high. Home values have dropped so much, it's just not worth it to keep them. Also, banks like Bank of America need to get their act together. All they're doing regarding loan modifications is pay lip service to the government. So little loan mods are done, you wonder what they're doing with all the billions the government gave them. Oh wait, that's right, they're giving their execs bonuses for doing such a piss-poor job.

Sections:  news   business   
RELATED ARTICLES
BING NEWS:
  • Q1 2024 Blackstone Mortgage Trust Inc Earnings Call
    Good day and welcome to the Blackstone Mortgage Trust first-quarter 2024 investor call. Today's conference is being recorded. (Operator Instructions) At this time, I'd like to turn the conference over ...
    04/24/2024 - 4:06 pm | View Link
  • Home sales drop as prices reach March record high
    The National Association of Realtors (NAR) reported existing home sales fell to just over $4 million last month.
    04/22/2024 - 3:40 am | View Link
  • The stimulator
    As the actress said to the bishop, it’s all about stimulus. And Chrystia is one stimulative human. Just take a look at the raw numbers contained in Tuesday’s opus.
    04/19/2024 - 5:23 am | View Link
  • Commercial real estate foreclosures jumped 117% in March as trouble looms
    A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures in March, a stunning 117% increase from the same time last year.
    04/17/2024 - 11:00 pm | View Link
  • Watermark Home Loans Mortgage Review 2024
    It offers mortgages for those who have a recent bankruptcy or foreclosure on their credit report, those with high debt-to-income ... show you have a good track record of making on-time payments.
    04/17/2024 - 8:35 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News