| Send2Press.com • Today is Monday, February 13, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. State Newswires :
New York Business
News
|
Press Release:
Foreclosure Rates Continue Rising and Housing Prices Continue Falling, says ForeclosureDataOnline
 The Mortgage Bankers Association released the National Delinquency Survey last week. The survey reported that the increase in foreclosure rates between quarters has reached its highest point since 1972 when the records were first kept. The increase in foreclosures on first time mortgages increased by 36 percent between the first quarter 2008 and first quarter 2009. Foreclosure rates have also increased in many major cities around the country, including Dallas (7.75 percent), Fort Worth (6.16 percent), Detroit (4 percent), and Cleveland (3 percent). Throughout the country, more than 600,000 mortgages have been affected by foreclosure actions.In related news, Fannie Mae and Freddie Mac were given authorization by the Federal Housing Finance Agency to refinance mortgages through the Home Affordable Refinance Program for properties that are now worth a great deal less than what is owed on the property. The difference between value and outstanding debt can now be as high as 25 percent even though the program was originally only for homes valued at 5 percent less than their outstanding mortgage debt. This change in policy comes at a time when home prices have plummeted. According to ForeclosureDatonline.com, nationally, prices have fallen by one-third since 2006. In key cities, prices have dropped significantly in just the last month: Chicago (1.8 percent), Atlanta (less than 1 percent), Houston (less than 1 percent), and Denver (3.7 percent). While the change may provide some temporary relief for homeowners, the continuing economic problems facing the country, such as the 9.4 percent unemployment rate, may lead to higher levels of foreclosures in the coming months. More information: www.ForeclosureDataOnline.com.
NEWS SOURCE: ForeclosureDataOnline
Send2Press® is the originating wire service for this story. Terms of Use. © ForeclosureDataOnline. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (ForeclosureDataOnline), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for ForeclosureDataOnline.
Additional News Releases on Similar Topics:
|
Subscribe to Send2Press®
Daily News Releases by E-Mail
Follow Send2Press on Social Sites: 
Additional News from
ForeclosureDataOnline : » Colorado and Georgia Lead Highest U.S. Foreclosure Listings Increase » Foreclosures in Florida Drops 12 Percent in April - Slowdown Resulted from Robo-sign Problems » California's Top Cities with Homes in Foreclosure - 2011 A Record Year? » Data Supports Specter of Unemployment Keeping Foreclosures High in Some States » Foreclosure Prices Were Up, While Real Estate Prices Were Down
|
||||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: Foreclosure Rates Continue Rising and Housing Prices Continue Falling, says ForeclosureDataOnline, Foreclosure Data Online, Mortgage Bankers Association released the National Delinquency Survey , press release, Jul 10, 2009. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 2716 times (2 today, 3 this week, 10 this month, 44 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)