As we noted in a short item in today’s paper, foreclosures in the St. Louis region jumped in September, according to a new batch of data from RealtyTrac.
The foreclosure-tracking service reports that the number of homes either set for a…
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Loading ...It doesn’t look like the foreclosure problem in St. Louis will be going away any time soon.
If anything, it’s getting worse again.
We got some new data on foreclosures in the St. Louis region from RealtyTrac the other day, and what…
(No Ratings Yet) Loading ...Despite St. Louis’ relatively-affordable cost of housing, borrowers here are just about as likely as the nation as a whole to owe more on their house than it’s worth.
Those are the findings of a new report out this week from…
(No Ratings Yet) Loading ...Check out this chart, via NPR’s Planet Money.
It shows the pace of foreclosures, and the pace of loan modifications. Modifications are not keeping up with the scope of the problem.
“The strugglers are outpacing the rescued by a factor of seven.”
Ouch.
…
(2 votes, average: 3 out of 5) Loading ...One of the more controversial measures designed to help homeowners facing foreclosure was shot down in the U. S. Senate Thursday afternoon.
The so-called “cram-down” provision, which would have let judges restructure mortgages in bankruptcy court, fell in a 45-51 vote…
(No Ratings Yet) Loading ...Plunging sales followed by hundreds of foreclosures sank American Heritage Homes, once among the St. Louis area’s leading home builders.
American Heritage went out of business at the end of 2007 even though the foreclosures continued until last month. For now,…
(2 votes, average: 4 out of 5) Loading ... (No Ratings Yet) Loading ...So maybe all those mortgage work-outs are working out.
That’s the view from at least one set of foreclosure data that we looked at recently.
In 2005, seven out of every eight people (87.46%) who defaulted on their mortgage in St. Louis…
(1 votes, average: 1 out of 5) Loading ...Even as the mortgage market melted down last year, reported incidents of mortgage fraud hit an all time high, according to a new report out from the Mortgage Asset Research Institute. And few places saw as much of it as…
(No Ratings Yet) Loading ...After a few months of easing, the rate of foreclosure in the St. Louis area jumped again in February.
The number of homes in the region with at least one foreclosure filing climbed 17 percent from the prior month, according to…
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