"The percentage of loans not current, which includes 30-plus delinquencies and foreclosures, declined almost 7 times more in non-judicial states compared to judicial states, according to the LPS Mortgage Monitor report for April. Year-over-year, non-judicial states saw an 8.2 percent drop in non-current loans while in judicial states, the yearly decrease was only 1.2 percent. Foreclosure starts numbered 181,584 in April, down 2.6 percent from the previous of March and a 3.1 percent drop from a year ago. On the other hand, FHA foreclosure starts saw a 73 percent increase."
How about this news piece from early today, interesting huh? Tells me we better 'pump-up' our Marketing efforts toward attorney's in Florida, and slow down in California!
Thoughts about the residential real estate mortgage industry from a 40+ year insider eyewitness
No comments:
Post a Comment