Home prices nationwide are still 17 percent below their peak in April 2006, but within 10 percent of their peaks in 19 states and above their peaks in 3 states… Read More »
19. That’s the number of states in which new foreclosure actions are rising, notwithstanding the downward trend nationwide. Source: RealtyTrac
An estimated 47 percent of bank-owned homes nationwide are still occupied by the previous owner who was foreclosed on. Source: RealtyTrac
Only 380,000 new households were created over the past 12 months compared with an historic average of 1.1 million new households annually. Source: U.S. Census Bureau
Of the 1.25 million homeowners whose trouble mortgages have been modified under the Treasury Department’s HAMP program, 27 percent have re-defaulted on their loans. Source: Treasury Department Report
The Consumer Financial Protection Bureau has received 207,000 consumer complaints to date, 109,000 of them related to mortgages. Source: CFPB.
Title underwriters generated $3.4 billion in premiums in the third quarter of last year, a 1.4 percent increase over the $3 billion originated in the same quarter of 2012. ─… Read More »