Thirty states reported that real-estate-owned filings dropped from August to September, according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.Among states with high foreclosure numbers that recorded a decline in September were California (down 14.2%), Colorado (down 58.0%), Florida (down 14.2%), Michigan (down 21.1%), and Ohio (down 29.2%), the company reported. "Despite what some other data aggregators are saying, the big news is that many states, including some typically hit hard by rising foreclosures, actually saw a drop in the number of people who lost their homes to foreclosures last month," said Alexis McGee, president of ForeclosureS.com. The company can be found online at http://www.foreclosures.com.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
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The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
July 10 -
The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
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Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
July 10 -
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
July 10 -
Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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