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December 2016 - An Eye Toward the Future

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

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» VISIT US ONLINE @ DSNEWS.COM 77 » VISIT US ONLINE @ DSNEWS.COM 77 77 Completed foreclosures and foreclosure inventory are definitively down. Compared to a year earlier, foreclosure inventory nationally in August was 30 percent lower, while the actual number of completed foreclosures was down by more than 42 percent. In raw numbers, there were 37,000 completed foreclosures in August. The national foreclosure inventory included approximately 351,000 homes with a mortgage (about 1 percent) compared with 499,000 homes last year. The numbers made August's foreclosure inventory rate the lowest it's been since July 2007. Data powered by Legend Foreclosure Rate Foreclosure Inventory YOY Change ALABAMA 0.5% -25.9% MISSISSIPPI 0.7% -31.4% KENTUCKY 0.9% -27.3% VIRGINIA 0.4% -27.7% OHIO 1.1% -22.2% PENNSYLVANIA 1.1% -30.6% GEORGIA 0.5% -26.2% SOUTH CAROLINA 0.9% -26.1% FLORIDA 1.6% -40.4% ARKANSAS 0.7% -32.4% TENNESSEE 0.4% -27.8% LOUISIANA 1.0% -20.5% IOWA 0.7% -30.9% MINNESOTA 0.3% -34.9% WISCONSIN 0.5% -24.4% KANSAS 0.7% -26.4% OKLAHOMA 1.2% -22.2% MISSOURI 0.4% -32.0% ILLINOIS 1.1% -29.7% INDIANA 1.0% -27.1% MICHIGAN 0.3% -37.3% CONNECTICUT 1.4% -25.8% MAINE 1.8% -11.9% DELAWARE 1.4% -27.9% RHODE ISLAND 1.2% -34.2% MARYLAND 1.1% -34.6% DISTRICT OF COLUMBIA 1.6% -30.0% NORTH CAROLINA 0.6% -28.1% MASSACHUSETTS 1.0% -31.5% VERMONT 1.1% -13.9% NEW JERSEY 3.0% -36.0% NEW HAMPSHIRE 0.5% -29.7% NEW YORK 2.7% -27.2%

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