Posts tagged as:

foreclosure numbers

Back Log of Foreclosures Estimated at 1.7 Million

by Moe Bedard

WASHINGTON — A report says about 1.7 million homeowners were on the verge of foreclosure in the fall, a looming “shadow inventory” of homes that will come on the market for sale over the next several years and weigh down prices.

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Foreclosures Hitting Blacks and Hispanics Hard

by Moe Bedard

Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says.
The report from the William C. Velasquez Institute called on the federal government to take steps, including reforming bankruptcy laws and expanding eligibility [...]

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Another Wave of Foreclosures Looms

by Moe Bedard

About 70 percent of the $189 billion in outstanding option ARMs will reset by 2011, the report said, which would be another setback to a teetering housing market still struggling to recover from the mortgage meltdown that precipitated the financial crisis.

Option ARMs make up only 1.3 percent of percent of outstanding mortgages and were used [...]

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