Foreclosure Starts Up 15% From July
Foreclosure starts had a 15% jump in activity from July but remain 44% below pre-pandemic levels.
Foreclosure starts had a 15% jump in activity from July but remain 44% below pre-pandemic levels.
Repossessions are likely to continue running below pre-pandemic levels.
The national foreclosure rate remained just above the record low set in May.
Number of U.S. properties facing foreclosure is up more than 25% from a year ago.
Black Knight’s First Look report for June said that these levels still remain below pre-pandemic levels.
ATTOM found 96% of major metro areas had an annual increase in foreclosure filings as the U.S. foreclosure levels spiked 219%.
The Mortgage Delinquency Rate dropped in April for the 13th straight month.
NY Gov. Kathy Hochul says her office has 800 bills to review.