Foreclosures

New Foreclosure Filings in Maryland Highest in the U.S. during 2nd Quarter 2012

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The recent National Delinquency Survey of the Mortgage Bankers Association’s (MBA) reveals that among the U.S. states, the rate of new foreclosure fillings in Maryland was the highest in the nation during the second quarter of 2012. Out of 1,000 home loans in Maryland, nearly 20 – double the national average – were drawn into …

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U.S. Housing Market Hit Bottom – Zillow Reports

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According to Zillow‘s second quarter Real Estate Market Report, home values in the U.S. have reached a bottom. The Zillow report shows that U.S. home values increased by 0.2% year-over-year to $149,300, the first time since 2007 that this happened – five years after the U.S. housing bubble burst. Home values have also increased for …

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Millions of Older Americans at Risk of Losing their Homes to Foreclosure

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Over three million older Americans are at risk of losing their homes through foreclosure, this according to the study “Nightmare on Main Street: Older Americans and the Mortgage Market Crisis” conducted by the AARP Public Policy Institute. The AARP Public Policy Institute study measures the progression of the mortgage crisis and its effect on older …

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New Foreclosures Rise to 9% in 2nd Quarter of 2012 – RealtyTrac Reports

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U.S. mortgage servicers and lenders are notifying more delinquent homeowners that they are facing foreclosure, this according to RealtyTrac’s Midyear 2012 Foreclosure Market Report. RealtyTrac reported that foreclosure process has been started in the second quarter of this year in 311,010 U.S. housing units. According to RealtyTrac, this is a 9% rise from the preceding …

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Mortgage Rates for 30-Year Loans at Record-Low 3.66%

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Freddie Mac’s latest Primary Mortgage Market Survey shows that the average U.S. 30-year fixed-rate mortgage is at record-low 3.66%. Freddie Mac, in its June 28 announcement, added that the 15-year fixed-rate mortgage is also at record-low 2.94%. A year ago, the 30-year fixed-rate mortgage averaged at 4.51%; while the 15-year fixed-rate mortgage last year averaged …

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