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Status: Not Logged In; Sign In Economy See other Economy Articles Title: Foreclosures Drop 2 Percent from Last Year [9% MoM] Source: Christian Broadcasting Newtwork URL Source: http://www.cbn.com/cbnnews/finance/ ... Drop-2-Percent-from-Last-Year/ Published: May 13, 2010 Author: N/A Post Date: 2010-05-13 09:55:04 by war Keywords: None Views: 796 Comments: 7 The number of homes facing foreclosure last month fell two percent from a year ago. It is the first annual decline in foreclosures in five years. RealtyTrac said one in every 387 homes received a foreclosure notice last month. That number was down nine percent from March. However, while the new delinquency rate is dropping, the number of borrowers losing their homes is still rising. Banks seized a record 92,000 homes last month. Unemployment is one of the main reasons. Initially, lax spending standards were to blame, but homeowners with good credit who took out normal, fixed-rate loans are now the fastest growing group of foreclosures. As the economy turns around, "you will see an improvement in housing markets and in foreclosure activity," said Rick Sharga, a RealtyTrac senior vice president. "The problem is that there's such a backlog right now." Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest #1. To: Boofer (#0) It is the first annual decline in foreclosures in five years. Um...let's see...2010 minus five years = 2005... But...but...but the economy under Boy Blunder was rip roaring!!!! #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-13   9:56:19 ET  Reply   Trace   Private Reply   #2. To: all (#0) Gee, a drop from an average of 360,000 per month to 352,000 per month....(eyes rolling) Over 95% of all mortgages are owned by your Federal Government, folks. Think about that for a moment. We are lucky enough to have an honorable host. Badeye  posted on  2010-05-13   11:02:13 ET  Reply   Trace   Private Reply   #3. To: Badeye (#2) Over 95% of all mortgages are owned by your Federal Government, folks. 60% #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-13   11:05:36 ET  Reply   Trace   Private Reply   #4. To: Boofer (#2) Gee, a drop from an average of 360,000 per month to 352,000 per month....(eyes rolling) Sorry...your hero took his Ruby Slippers with him when he left office a year ago January... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-13   11:07:11 ET  Reply   Trace   Private Reply   #5. To: war (#0) Foreclosures Drop 2 Percent from Last Year Meaningless statistic. More of the minions trying to prop up the Kenyan's depression. no gnu taxes  posted on  2010-05-13   14:24:28 ET  Reply   Trace   Private Reply   #6. To: no gnu taxes (#5) So you are claiming that the rise in foreclosures, which consumed all of your hero's second term, continues even tho the data shows otherwise. Poor Paddyboy...you and Boofer can meet somewhere on I 55 and console each other... #67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace war  posted on  2010-05-13   20:28:31 ET  Reply   Trace   Private Reply   #7. To: war (#6) So you are claiming that the rise in foreclosures, which consumed all of your hero's second term, continues even tho the data shows otherwise. Are you this juvenile in your workplace? The reasons for this rise have been precisely pointed out to you as you continue to cruise the River De-Nile. no gnu taxes  posted on  2010-05-13   21:03:04 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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