DS News

August 2016 - A More Perfect Union

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

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ยป VISIT US ONLINE @ DSNEWS.COM 77 77 ALABAMA -20.51% 8,208 9,308 IOWA -22.55% 3,269 4,218 GEORGIA -23.19% 21,895 27,786 FLORIDA -36.99% 63,390 104,725 DISTRICT OF COLUMBIA -15.06% 139 132 DELAWARE -11.59% 1,519 1,526 NEW JERSEY -27.47% 14,858 12,888 RHODE ISLAND -2.79% 1,487 1,575 ARKANSAS -31.43% 4,726 4,842 LOUISIANA -11.19% 7,054 6,982 MISSISSIPPI -19.13% 944 1,094 OKLAHOMA -16.95% 7,165 9,488 MINNESOTA -34.87% 5,059 6,232 DAKOTA 17.47% NEW YORK -17.93% 14,669 12,467 CONNECTICUT -16.04% 2,474 5,132 NEW HAMPSHIRE -22.83% 1,457 1,855 MAINE -10.58% 1,009 851 MARYLAND -30.03% 8,815 16,073 MASSACHUSETTS -19.87% 5,540 4,198 MISSOURI -24.25% 12,052 12,436 MICHIGAN -34.34% 44,942 45,642 NORTH CAROLINA -16.42% 15,442 18,998 SOUTH CAROLINA -17.72% 7,911 9,433 OHIO -18.53% 23,422 29,176 ILLINOIS -27.97% 13,127 16,447 INDIANA -20.74% 13,538 15,639 KENTUCKY -16.51% 3,442 3,937 TENNESSEE -34.51% 13,682 14,371 WISCONSIN -21.86% 5,488 6,399 VIRGINIA -22.36% 12,917 12,212 PENNSYLVANIA -24.22% 18,893 21,285 Foreclosure Inventory YOY Change Completed Foreclosures 12 Month Sum (01MAY2016) Completed Foreclosures 12 Month Sum (01MAY2015) Legend CoreLogic May 2016 Foreclosure Report: Foreclosure inventory as well as completed foreclosures continued to decline in May 2016 from where it stood the prior year in May 2015. Despite the decline, the foreclosure rate (1 percent) remains twice that of the national long-term average (0.5 percent). This is due to the individual rates on a state level and is not, in fact, conducive to the progress already made nationally. The national foreclosure inventory held approximately 390,000, or 1.0 percent, of all homes with a mortgage in May 2016 compared with the May of 2015 foreclosure inventory of 517,000 homes, or 1.3 percent. It was also determined that the May 2016 foreclosure inventory rate is the lowest it has been for any month since October 2007. Data powered by

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