Foreclosure News

Housing experts are dialing back rosier projections in favor of another ho-hum year, where home sales are flat and prices climb to make ownership less affordable.

Rob Call of Occupy Our Homes Atlanta asks Fannie Mae Chairman Egbert Perry what can be done to keep a man diagnosed with renal kidney failure in his home Egbert Perry didn't plan to make news today.

When the global housing boom turned to bust, mortgage arrears spiked. In America, the proportion of troubled loans rose from 0.2% before the financial crisis to a peak of 11% in 2012.

Economists have been disappointed by a string of weaker-than-expected home-sales reports.

Mortgage giants Fannie Mae and Freddie Mac have lowered their forecasts for home sales this year, citing low inventory and the affordability crunch that shortage of homes has spurred.

Single-family homes, condominiums and townhomes sold at an estimated annual pace of 5,253,464 in March, an increase of 0.4% from February and up 8% from a year ago, according to RealtyTrac's March and Q1 2014 Residential & Foreclosure Sales Report.

The .86 percent foreclosure rate here was down .72 percent compared to the same period last year when it was 1.58 percent, according to area was lower than the national foreclosure rate of 1.93 percent for February, the data shows.

Editor's note: Robert Hickey is a senior research associate at the Center for Housing Policy, the research division of the National Housing Conference , a nonprofit that provides ideas and solutions for America's housing challenges.

The Consumer Financial Protection Bureau introduced new mortgage rules to prevent irresponsible lending and the foreclosures that happened as a result.

Residential foreclosure activity in the Charlotte market declined to 1.28 percent in February from 2.67 percent a year earlier, according to data firm CoreLogic Inc. That's better than the national foreclosure rate of 1.93 percent for the month, but worse than North Carolina's rate of 1.1 percent, the Irvine, Calif.-based data firm says.

Not all foreclosures are owned by bank or lenders. Fannie Mae, the government sponsored entity which securitizes home mortgages, also has foreclosures listed for sale.

Sacramento-area foreclosures fell far below long-term averages in the first few months of this year, continuing to decrease as the housing and job markets recovered, DataQuick reported Tuesday.

The foreclosure rate in metro Orlando continued its downward trend in February, but still remains higher than the national average, according to the latest data from CoreLogic .

Foreclosure rates in the St. Louis metro area dropped to 0.86 percent for February, down 0.44 percent from the rate of 1.3 percent for February 2013.

According to Corelogix, in February, about 2% of the homes i n our city were in some form of foreclosure.

Todd Chrisley 's legal problems are now affecting his mother, and she is in danger of losing her home.

Foreclosures are down in the Louisville area. A new housing report from Corelogic shows foreclosure rates in February at just over 1.5 percent.

Her colleagues agree and on Tuesday, the board took a step to either get these properties repaired or torn down.

A research firm says California home foreclosure starts increased from January through March after plunging to an eight-year low in the previous quarter.

With banks and other lenders frequently unwilling or incapable of providing real solutions such as principal reductions to keep homeowners in their homes, more and more families are faced with foreclosure.