Two California divisions of the Occupy Wall Street movement – Occupy LA and Occupy Santa Cruz – are beginning to focus their efforts on halting foreclosures. Mario Brito, leader of Occupy LA, announced a plan this week to pressure both banks and government officials to impose a foreclosure moratorium, according to the Associated Press. Brito’s …
Continue reading ‘California Activists Call for Foreclosure Moratorium’ »
The delinquency rate for mortgage loans on single-family residential properties dropped to 8.22 percent at the end of 2010, the Mortgage Bankers Association (MBA) reported Thursday. That’s down about 10 percent from the rate reported by the trade group three months earlier and is its lowest mortgage delinquency reading since the fourth quarter of 2008. …
RealtyTrac has released its year-end 2010 foreclosure sales report, which shows that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales last year, down from 29 percent of all sales in 2009 but up from 23 percent in 2008. The tracking firm defines a foreclosure sale as the sale of a property …
“Foreclosure auction sales in states along the West Coast have bounced back to levels not seen since robo-signing moratoriums went into effect last fall, the California-based tracking firm ForeclosureRadar reported Tuesday. The company’s coverage area includes the states of Arizona, California, Nevada, Oregon, and Washington. ForeclosureRadar says it recorded “significant increases” in all five states …
Continue reading ‘West Coast foreclosure sales are now at pre-robo-signing levels’ »