Indianapolis, Atlanta, and Dallas posted the three highest U.S. metropolitan foreclosure rates in the second quarter, according to RealtyTrac, an online foreclosure marketplace based in Irvine, Calif.The company's Q2 2006 U.S. Metropolitan Foreclosure Market Report ranks the foreclosure rates of the nation's 100 largest metro areas. The foreclosure rates for the three cities were 0.987%, 0.904%, and 0.891%, respectively, the company reported. "Four Texas cities now have foreclosure rates ranking among the top 10, thanks to increasing foreclosures in Austin and Houston during the second quarter," said James J. Saccacio, RealtyTrac's chief executive officer. The rest of the top 10 cities were as follows: Denver; Memphis; Stockton, Calif.; Salt Lake City; and San Antonio. RealtyTrac can be found online at http://www.realtytrac.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
April 19 -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
April 19 -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
April 19 -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
April 19 -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18