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The August Mortgage Monitor report released on Monday by Lender Processing Services, Inc. (LPS) paints a mixed picture of the current state of foreclosures in the U.S. It is hard to tell if the situation is improving at the same time the steps necessary to clear the system are accelerating or if we are starting a new cycle of problems. Foreclosure starts rose from 207,223 in July to 247,957 in August, an increase of nearly 20 percent, the highest level of the year but a 12 percent improvement from...

RealtyTrac, the Irvine California firm that reports on all things foreclosure said on Thursday that, while sales of bank-owned real estate and homes in some stage of foreclosure during the second quarter of 2011 was mixed in comparison with earlier quarters, the gap in sales price between distressed and market rate sales continued to widen . Sales of properties that were either sold out of bank inventories (REO), at auction, or while in some stage of default through a short or other sale increased...

Jay Brinkmann, Chief Economist for MBA says, "The issue this quarter is that the seasonally adjusted delinquency rates went up while the unadjusted rates went down. Delinquency rates traditionally peak in the fourth quarter and fall in the first quarter and we saw that first quarter drop in the data. The question is whether the drop represents anything more than a normal seasonal decline or a more fundamental improvement. Most importantly, the normal seasonal drop is coming right at the point where we believe delinquencies could potentially be declining and the problem for the statistical models is determining which is which." ...

The FHFA today released the Foreclosure Prevention & Refinance Report for the Third Quarter 2009. This report is intended to provide disclosure and analysis of Fannie Mae and Freddie Mac loan data. It discusses the GSE's loan portfolio size and composition, the performance of the portfolio, and provides an update of foreclosure prevention objectives....

Some new data released this week by Zillow is revealing not because it gives provides evidence of a troubled housing market - nothing could surprise us there - but because it may be a sign that the mortgage banks are finally beginning to get it . Zillow, the Seattle-based website that started out as a place to research house values and morphed into a real estate marketplace, published numbers showing that short sales now constitute 10 percent of the real estate market in some locations. Short sales...

Three major U.S. financial institutions have announced they will halt foreclosures after coming under intense pressure from U.S. politicians on Wednesday to do something to help U.S. citizens weather the financial crisis. Citigroup announced it will be...

Home foreclosure activity increased dramatically in 2008 compared to the previous year, according to RealtyTrac's 2008 U.S. Foreclosure Market Report. There were 3,157,806 foreclosure filings - default notices, auction sale notices and bank repossessions...

Foreclosure rates continued to decline in November but remain elevated, according to a survey by RealtyTrac, which saw a 7% decrease in U.S. foreclosures activity from October to November. Compared to twelve months ago, foreclosure activity is higher...