Last February, President Barack Obama announced his $275 billion anti-foreclosure homes (http://www NULL.bankforeclosuressale NULL.com/) plan intended to help nearly 5 million owners of distressed properties (http://www NULL.findforeclosureproperties NULL.com/). The anti-foreclosure homes plan was welcomed with much hope by the housing industry and millions of distressed borrowers, but not by some troubled homeowners in Washington who [...]
1.5 Million Houses on the Brink of Foreclosure
March 18, 2009 by Leave a Comment
The combined number of defaults and mortgage loans in foreclosure process (http://www NULL.foreclosuredeals NULL.com/foreclosure-process NULL.php) has now reached its highest level of 11.18 percent, according to the Mortgage Bankers Association’s (MBA) National Delinquency report. According to the MBA report, the percentage of homeowners who are behind on their loan payments for at least a month [...]
Chicago Put Illinois High on Lists of Foreclosures by State
March 18, 2009 by Leave a Comment
The rise in new foreclosure filings in Chicago (http://www NULL.illinois-foreclosure-homes NULL.com/listing/county031/chicago NULL.html) in 2008, as reported by nonprofit group National Training and Information Center, put Illinois (http://www NULL.illinois-foreclosure-homes NULL.com/) high on several lists of the ten U.S. states with the highest foreclosures by state (http://www NULL.foreclosurelistingsnationwide NULL.com/listings NULL.php) in 2008. Total foreclosure filings reached 19,943 [...]
County unemployment rate reaches 5.6 percent in January
March 17, 2009 by Leave a Comment
Victoria County’s unemployment rate is 5.6 as of January, up from 3.7 percent that same month in 2008. Of the county’s 45,000-member labor force, 2,541 are jobless. The jobless rate grew by 2 percent from a year ago. The trend is also true of the …
Victoria foreclosure rate slower than national pace
March 17, 2009 by Leave a Comment
While foreclosures around the country are skyrocketing, foreclosures in Victoria are occurring at a slower pace, said Dennis Patillo, president of Stewart Title of Coastal Bend. “I looked at the numbers really closely throughout the end of th …
Texarkana’s unemployment rate lower than nation’s
March 17, 2009 by Leave a Comment
The Texarkana Metropolitan Statistical Area, which includes both Bowie County, Texas, and Miller County, Ark., showed unemployment to be at 5.5 percent in January, not seasonally adjusted. Texas’ unemployment rate is 6.8 percent not seasonal …