Tag Archives: Foreclosures down for 20th straight month

Servicers started more foreclosures in May from the month before but filings were still down 4% from last year, according to RealtyTrac. “U.S. foreclosure activity has now decreased on a year-over-basis for 20 straight months including May, but the jump in May foreclosure starts shows that it’s going to be a bumpy ride down to the bottom of this foreclosure cycle,” said RealtyTrac CEO Brandon Moore. The market expected more foreclosures after the $25 billion settlement was struck in March over past abuses and documentation problems. But most of the […]