Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: RealtyTrac

more foreclosures in the pipeline in 2010. In several states, moratoria on foreclosure proceedings has led to an increased pipeline of loans delinquent 90 days or more, which could well become foreclosures in the next year. In fact, the real problem in terms of foreclosures is the deterioration in mort-gages once they have entered delinquency.

Foreclosure activity during the first six months of 2011 recorded a 25% decrease from the previous six months and a 29% decrease from the first half of 2010, according to new data released by Irvine, Calif.-based RealtyTrac. However, RealtyTrac warns that the new statistics should not be viewed as evidence of an improving housing market.

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"We should see a peak in foreclosures at the end of 2010." RealtyTrac’s estimate may actually understate the depth of the crisis, due to the banks playing "wait-and-see" with the government.

Kansas Foreclosures Jump, but State Still Ranks Low (Kansas.com, Apr. 18th): "RealtyTrac: There were 447 foreclosures in Kansas last month, a 5.6%. Foreclosure’s Shadow Falls Across Diverse Set of.

At the same time, the nation’s homeownership rate dipped to 65.4% in the fourth quarter from 65.5% in the. assets in the shadow inventory." As you’d guess, much of the backlog has to do with.

Lenders Slow Foreclosures By 5% in 2010, Boosting Shadow Inventory: realtytrac foreclosure filings down 17% in January as reviews continue: realtytrac robo-signers push foreclosure filings down 21.

Pennsylvania mortgage foreclosure diversion program benefits servicers Pennsylvania does not have a statewide foreclosure mediation or diversion program. However, some Pennsylvania counties have implemented foreclosure diversion (or conciliation) programs. Eligibility for Foreclosure Diversion. In order to be eligible to participate in a foreclosure diversion program, the borrower must generally meet the following criteria: the lender filed a complaint for mortgage foreclosure

 · Banks seized more than 1 million homes in 2010, according to RealtyTrac. That was up 14 percent from a year earlier and the most since the company began reports in 2005. About 3 million homes have been repossessed since the housing boom ended in 2006, Sharga said.

The real estate market is weakening and near record low interest rates and falling prices are fail to boost demand after the ending of the federal tax credit for homebuyers last year. ‘demand remains weak, loans are increasingly difficult to qualify for and the shadow inventory of several million distressed properties is weighing down the market.

MortgageOrb recently interviewed Schwarz to learn more about where the REO-to-rental market is heading, now that REO inventory. 2010 and 2025, increasing from 41.1 million to 58.9 million. Home.

Existing home sales were expected to decline to a 5.1 million pace, according to the median forecast of 74 economists in a Bloomberg. Foreclosures and short sales, usually not reflected in the.