The shadow inventory-the number of homes in the foreclosure pipeline–is down 33 percent from a year ago and now is at its lowest level since August 2008, at least one year before the notion of a foreclosure shadow inventory was recognized. Read More »

While 10.7 million residential homeowners nationwide owe at least 25 percent or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or slightly above water, putting them on track to have enough equity to sell sometime in the next 15 months — without resorting to a short sale. Read More »

Though three million homeowners were freed from the shackles of negative equity in the past year, it will take at least four more years for 7 million or more deeply indebted homeowners to reach positive equity, even as home values continue their current pace of recovery. Read More »

There were only about 49,000 completed foreclosures in the U.S. in July 2013, down from 65,000 in July 2012, a year-over-year decrease of 25 percent. On a month-over-month basis, completed foreclosures decreased 8.6 percent from the 53,000* reported in June. Read More »

After months of decline, foreclosure activity increased in July, led by Florida and six other judicial states where legal procedures delay foreclosure processing. Read More »

Not since Santa Claus visited the George W. Bush White House has the total of properties with foreclosure filings–default notices, scheduled auctions and bank repossessions – reached a level as low as they did last month. Read More »

Are underwater homes deterring unemployed people from moving to get new jobs? Not according to a new study from the Federal Reserve Bank of Cleveland, which finds that homeowners will relocate for a job, even if they will lose money on the sale of their home. Read More »

Fewer new problem loans, declining levels of negative equity and shrinking inventories of bad loans from the boom era have helped to reduce mortgage delinquencies by the largest year-to-date decline since 2002. Read More »

Some 20 percent of owners of properties making their way through the torturous foreclosure process are abandoning their homes rather than hoping for a miracle or waiting until the bitter end eventually comes. Read More »

Tough lending standards have cut the risk of mortgage defaults lower than they have been in nearly a decade, but high unemployment is making it premature to declare victory in the mortgage crisis. Read More »