Category Archives: Foreclosures

Don’t you worry about those unintended consequences

Posted on August 3, 2015 by grim

From NJ Spotlight: REPORT: FORECLOSURES, EMPTY HOMES STILL DRAGGING DOWN NEWARK’S ECONOMY Baraka’s response – a plan for eminent-domain acquisition of inflated mortgages in two ‘model neighborhoods’ – may be needed citywide. A new report finds foreclosures and housing vacancies … Continue reading →

Posted in Foreclosures, Housing Recovery, Mortgages, New Jersey Real Estate, Politics, Risky Lending | 146 Comments

In-depth look into NJ’s foreclosure situation

Posted on July 19, 2015 by grim

From the Record: Fuller impact of home foreclosure debacle hits N.J. The number of New Jersey home repossessions by lenders has soared in the past two years and is on track to increase again in 2015, in sharp divergence to … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 119 Comments

Lonely at the top

Posted on July 15, 2015 by grim

From the Star Ledger: N.J. has largest share of homes in foreclosure, report shows A greater share of homes in New Jersey are facing foreclosure than anywhere else in the country, according to a report released Tuesday morning. The report … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 140 Comments

Subprime wasn’t the problem?

Posted on June 22, 2015 by grim

From Fortune: The subprime mortgage crisis wasn’t about subprime mortgages In the years following the financial crisis, a cottage industry arose that tried to explain just what happened to the American economy and the financial system. Early on in the … Continue reading →

Posted in Foreclosures, Housing Bubble, Risky Lending | 70 Comments

Boomerangers

Posted on June 20, 2015 by grim

From the NYT: Mortgage Market on the Mend New research from TransUnion, the credit information service, predicts that some 1.5 million homeowners who were forced out of the mortgage market after the housing bust will have recovered sufficiently to re-enter … Continue reading →

Posted in Foreclosures, Housing Recovery, Mortgages, National Real Estate, Risky Lending | 63 Comments

One hundred and ninety seven percent!

Posted on June 18, 2015 by grim

From HousingWire: Foreclosure activity hits 19-month high on rise in REOs Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 126,868 U.S. properties in May 2015, up 1% from the previous month and up 16% … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 105 Comments

9 years of foreclosure inventory in NJ

Posted on June 11, 2015 by grim

From Black Knight Mortgage Monitor Black Knight’s April Mortgage Monitor: 62 Percent of Seriously Delinquent Loans Have Undergone Home Retention Actions; Florida Sees Greatest Backlog Improvement This month, Black Knight examined the most recent data on home retention actions — … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, Risky Lending | 126 Comments

Clinton did it…

Posted on June 10, 2015 by grim

From the WSJ (Hat tip Moose): They Put a Face on the ’90s Homeownership Push. Then They Lost Their Home This month marks 20 years since President Bill Clinton unveiled his “National Homeownership Strategy,” a 100-point action plan that put … Continue reading →

Posted in Foreclosures, Housing Bubble, National Real Estate, Politics, Risky Lending | 104 Comments

NJ REO Up 375% Year-Over-Year

Posted on May 23, 2015 by grim

From the Star Ledger: The news about foreclosures in N.J. isn’t getting much better The number of homes entering the foreclosure process in New Jersey dipped in April as the pace of bank repossessions spiked, a new report shows, following … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 17 Comments

Foreclosure REOs jump in April

Posted on May 21, 2015 by grim

From Reuters: Rising bank repossessions push up U.S. foreclosure activity in April A surge in bank repossessions of properties last month pushed overall foreclosure activity across the United States to an 18-month high, according to a report by industry firm … Continue reading →

Posted in Foreclosures, National Real Estate | 114 Comments

41st consecutive month of foreclosure inventory declines

Posted on May 13, 2015 by grim

From DSNews: Foreclosure Inventory, Completions Continue Decline Toward Pre-Crisis Levels Completed foreclosures experienced another substantial year-over-year decline in March, moving even further away from their peak from nearly five years ago, according to CoreLogic’s March 2015 National Foreclosure Report released … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 112 Comments

Mortgage delinquency becoming a non-issue, except in NJ

Posted on May 7, 2015 by grim

From HousingWire: MBA: Mortgage delinquencies and foreclosures drop in 1Q The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.54% of all loans outstanding at the end of the first quarter of … Continue reading →

Posted in Foreclosures, Mortgages, New Jersey Real Estate | 67 Comments

What would have been worse – stalling or foreclosing?

Posted on April 27, 2015 by grim

From the Philly Inquirer: New Jersey still caught in foreclosure nightmare The foreclosure nightmare that haunted U.S. homeowners during and after the Great Recession has loosened its grip considerably in most states. In New Jersey, the bad dream just gets … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 41 Comments

Foreclosure starts spike in February?

Posted on April 22, 2015 by grim

From HousingWire: Black Knight: March foreclosure starts skyrocket 18% from February The March delinquency rate dropped 12% month-over-month, the largest monthly decline in nine years, but at the same time foreclosure starts skyrocketed 18% in March, according to the Black … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate | 82 Comments

It won’t ever sell…

Posted on April 21, 2015 by grim

From the Star Ledger: Bank foreclosing on Joe, Teresa Giudice’s Montville mansion The same day the new real estate agent for “Real Housewives of New Jersey” star Teresa Giudice vowed to aggressively market their enormous Montville Township mansion, the bank … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 106 Comments