Foreclosures down for 20th straight month

Another increase in mortgage applications — the second in as many weeks. The Mortgage bankers association reports its weekly mortgage applications Survey showed applications edged up 0,1% during the.Servicers who purchase non-performing Agency loans must apply a "waterfall of resolution tactics" before resorting to foreclosure and report loan resolution results and borrower outcomes to Fannie Mae.

First-half foreclosure starts down nationwide, up in 40 percent of local markets. A total of 191,914 U.S. properties started the foreclosure process in the first six months of 2018, down 8 percent from the first half of 2017 and down 82 percent from a peak of 1,074,471 in the first half of 2009.

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Foreclosures Nationwide Drop for the 20th Consecutive Month. "U.S. foreclosure activity has now decreased on a year-over-basis for 20 straight months including May, but the jump in May foreclosure starts shows that it’s going to be a bumpy ride down to the bottom of this foreclosure cycle.

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