Tag: As The Market Turns

More than $300 Billion in Mortgages Repossessed in 2010

Posted by admin - June 30, 2011 - News

Credit rating agency Equifax is reporting a huge number of bank repossessions in 2010, saying banks to possession of $304 billion in foreclosed mortgages. And the number is still rising as we near the halfway point in 2011. To put it in perspectiv

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  3. More than 550 Banks Still Owe Government Nearly $150 Billion

Delinquent Mortgages May Outnumber Distressed Sales by 50 to 1

Posted by admin - June 29, 2011 - News

This staggering 50 to 1 ratio of 90 days or more delinquent properties and those currently in foreclosure vs. distressed sales is the latest estimate of Lender Processing Services. The mortgage and real estate technology company compiles a monthly mo

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  1. More than 7 Million Mortgages Past Due
  2. 6.35 Million Mortgages Delinquent or in Foreclosure
  3. Fannie & Freddie Issue New Guidelines for Delinquent Mortgages