Tag Archives: New Wave Expected

After falling 19 percent in January, foreclosures continued to fall in February with filings dropping 8 percent last month, according to RealtyTrac’s latest report. The big drops in foreclosures have served as a hopeful sign in the housing market that the foreclosure crisis was finally fading. But housing experts caution that banks haven’t unclogged the pipeline of foreclosures yet, and a new wave of foreclosures is on its way. A $25 billion mortgage settlement among the nation’s five largest banks and state attorneys general is expected to prompt lenders to speed […]