Industry News

Midyear Foreclosure Filings Down 18 Percent

Phil Hall
Aug 08, 2019
The month of October saw a total of 55,197 U.S. properties with foreclosure filings, up 13 percent from September

A total of 296,458 properties carried foreclosure filings in the first six months of 2019, according to statistics from ATTOM Data Solutions. This represents an 18 percent decline from the same period one year ago. A total of 177,015 properties started the foreclosure process in the first half of the year, down eight percent from the same period one year ago.
 
However, 36 of the 220 metro areas analyzed by ATTOM Data Solutions, or 16 percent, recorded a year-over-year increase in foreclosure activity in the first six months of this year, most notably Buffalo, N.Y. (up 33 percent), Orlando (up 32 percent) and Jacksonville, Fla. (up 18 percent). Nationwide 0.22 percent of all housing units–one in every 457–had a foreclosure filing in the first six months of the year.
 
“Our midyear 2019 foreclosure activity helps to show an overall view on how foreclosure activity is trending downward,” said Todd Teta, chief product officer at ATTOM Data Solutions. “Of course, you still have pockets across the nation where foreclosure activity is seeing some flare-ups. Foreclosure starts is a good indication of markets to watch. For instance, in looking at the largest markets across the nation with the greatest annual increase in foreclosure starts, four out of the five markets were in Florida. “
 
During the second quarter of the year, ATTOM Data Solutions determined that 152,760 properties had a foreclosure filing, down six percent from the previous quarter and down 19 percent from the previous year. The second quarter was the 11th consecutive quarter in which foreclosure activity was below the pre-recession average of 278,912 properties with foreclosure filings per quarter in 2006 and 2007.
A total of 296,458 properties carried foreclosure filings in the first six months of 2019, according to statistics from ATTOM Data Solutions
 
Link copied
Published
Aug 08, 2019
Get the NMP Daily
Analysis and Data
New Home Sales Dip In August

Builders offer increased incentives to attract buyers; First-time homeowners gravitate toward new builds as inventory constraints persist.

The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) jointly report that sales of new single-family homes in August 2023 experienced a decline. The sales reached a seasonally adjusted annual rate of 675,000, marking an 8.7% drop from the revised J...

Continue reading
Analysis and Data
Home Prices Reach New Highs In July 2023

Chicago, Cleveland, and New York drive robust growth; S&P CoreLogic Case-Shiller Indices and the FHFA report a consistent positive trajectory despite regional disparities.

U.S. home prices have showcased an upswing in July 2023, according to both the S&P CoreLogic Case-Shiller Indices and the Federal Housing Finance Agency.  According to the S&P CoreLogic Case-Shiller Indices, 19 out of the 20 significant metro markets reported a...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Layoffs At Better.com

After a rocky market debut, Better.com has laid off staff.

Industry News
Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Industry News
Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Industry News
Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Industry News
Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Industry News
Sep 11, 2023
If You Build It, They Will Come

Ratings will go a long way toward growing the market for home equity-backed securities

Industry News
Sep 07, 2023