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DS News August 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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96 The Big Finish Wrap your head around the market's leading indicators. FORECLOSURE FILINGS FALLING Foreclosure filings have sagged to an all-time low in the first six months of the year, according to ATTOM Data Solution's Midyear 2020 U.S. Foreclosure Market Report. During that period, 65,530 U.S. properties with foreclosure filings, default notices, scheduled auctions, or bank repossessions plummeted 44% from the same time period a year ago. Foreclosure filings were down 54% from the same period two years ago. Among 220 metro areas analyzed in the report—including Stockton, California, which saw a spike of 161%; Chico, California (61%); and McAllen, Texas (42%); Lake Havasu, Arizona (39%); and Fort Wayne, Indiana (21%)—10 deviated from the national trend in light of an uptick in foreclosures contrasted to a year ago. First-Half U.S. Foreclosure Activity by Year Below is the chart provided by ATTOM in the report. If we could recreate something like that'd be great. First-Half U.S. Foreclosure Activity by Year January-to-June Foreclosure Activity (Properties with Foreclosure Filings) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1,332,991 1,528,364 1,654,634 1,170,402 1,045,801 801,359 613,874 597,589 535,829 428,400 362,275 296,458 165,530

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