Florida foreclosures decline by 41,435 in one year (6/15/2016)
RealtyTrac: The state is still tops in the number of completed foreclosures with about 14% of the U.S. total, but the problem has subsided to 2007 levels.
Defaulting HELOCs: A growing concern (6/10/2016)
During the pre-recession boom, homeowners found it easy to get low-interest home equity lines of credit. But many of those HELOCs soon reset to higher rates.
MBA: 1Q foreclosure starts lowest in 16 years (5/16/2016)
The number of all foreclosures in the pipeline also hit a low level (1.74%), declining three basis points quarter-to-quarter.
Few homes qualify for mortgage reduction offer (5/5/2016)
RealtyTrac: Only 1 out of 150 seriously delinquent Fla. homeowners (.67%) qualify under the fed’s latest rules to help at-risk owners by reducing their mortgage principal. Nationwide, it’s 1 in 200 (.5%).
FHFA announces principal reduction program (4/15/2016)
A new program offers help to “certain seriously delinquent, underwater borrowers who are still struggling.” FHFA calls the principal reduction a “one-time offer.”
CoreLogic: Fla. foreclosures down 38% in one year (4/12/2016)
Of 21 U.S. states that foreclose via courts, the Fla. inventory decline outpaced second-place New Jersey’s by 12% – and serious Fla. delinquencies are down 34%.
1 million borrowers regained equity last year (3/14/2016)
CoreLogic: 91.5% of U.S. homeowners with a mortgage had equity in their homes by the end of 2015, and the “number of homeowners with more than 20% equity is rising rapidly.”
1.6% of U.S. homes vacant – in Fla., it’s 2.3% (2/11/2016)
RealtyTrac’s latest foreclosure report found 154,179 vacant homes in Fla. – but 74.8% of the homes, while empty, aren’t underwater and have at least some equity.
Fewer Fla. foreclosure homes ‘seriously underwater’ (1/28/2016)
RealtyTrac year-end report: Only 1 in 5 Fla. foreclosure homes had a mortgage at least 25% higher than current value – a drop from 1 in 4 a year earlier.
RealtyTrac: Fla. a top foreclosure state in 2015 (1/14/2016)
Fla. held onto a top-tier foreclosure rank in 2015 (No. 2), but the state’s total foreclosure activity declined even as it rose in 24 other states. For metros, Tampa ranked No. 3 nationally.