Home Foreclosures in 2010 Top 1 Million for First Time

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UPDATE 4-DR Horton says to struggle as foreclosures stay high – NEW YORK, Jan 27 (Reuters) – DR Horton Inc (DHI.N), the top U.S. homebuilder, reported a larger-than-expected quarterly loss, citing a spike in foreclosures. 1.4 percent. DR Horton said revenue.

September home foreclosures top 100,000 for first time – The number of homes taken over by banks topped 100,000 for the first time in September, though foreclosures are expected to slow in coming months as lenders work through questionable paperwork.

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Home Foreclosure Statistics: For First Time in History. – According to the Reuters report, U.S. 2010 home foreclosures top 1 mln for first time, that number could have been much higher – topping 3 million, if it had not been for the 4th quarter fall off which was precipitated by the home foreclosure robosigning scandal. The article states:

The Major Challenge of Inadequate US Housing Supply – Freddie Mac – In a recent Insight, we examined the demand side of the housing. Since 2010, the cost of land has averaged about 23 percent of total. added 1.25 million additional housing units, which includes homes, With the age of the median first-time home buyer now at 31 years, FEDS Working Paper No.

Crisis Freezes Foreclosures as REO Inventories Rise – As far as exposure goes, snl ranked barclays, New York Private Bank & Trust Corp. and Ally (GMAC) as the lenders with the highest percentage of their 1- to 4-family home loans in foreclosure..

Irish Foreclosure Wave Risks Housing Recovery: Mortgages – Irish bankers preparing for the biggest wave of foreclosures in the nation’s history are struggling with how to dispose of the homes. Dec. 1 2009. The government has pledged to introduce laws to.

1 million American Households may Lose their Homes to. – The first half on 2010 recorded a whooping 528,000 homes reclaimed by lenders, eight percent ahead of last year’s numbers. With another five months to go this year, these numbers will escalate further. Overall, about 1.7 million homeowners received foreclosure-related notices in the first half of 2010, which equates to one in every 78 homes in the United States! Around 1.7 million houses in the United States are in the Foreclosure process. Many financial institutions are using active.