Latest Foreclosures Rates

A foreclosure listing firm says the foreclosure crisis is finally showing signs of easing, but it isn't all good news.

RealtyTrac says the number of households facing foreclosure last month fell 2 percent from a year ago. That's the first annual decline in 5 years.

While the delinquency rate is dropping, the number of borrowers losing their homes is still rising. Banks seized a record 92,000 homes last month.

RealtyTrac says almost 334,000 households, or one in every 387 homes, received a foreclosure-related notice last month. That was down more than 9 percent from March.

Economic woes, such as unemployment or reduced income, are the main catalysts for foreclosures this year. Initially, lax lending standards were the culprit, but homeowners with good credit who took out conventional, fixed-rate loans are now the fastest growing group of foreclosures.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Anonymous on May 13, 2010 at 10:10 AM
    Sort of like jobs, there are not that many more left to loose.
  • by Duh Location: everywhere on May 13, 2010 at 08:37 AM
    Instead of keeping track of the foreclosure rate that we know is going to decrease because there aren't very many homeowners left; lets take a toll on how many people still have their homes. That will show us if the economy is coming back. I think NOT!!!
  • by Paul Location: Greenville on May 13, 2010 at 07:11 AM
    No surprise. There are not as many left to foreclose on.
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