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Foreclosure Filings Drop in St. Louis Area, But Ferguson Remains Underwater

FERGUSON, Mo. (KMOX) – New numbers released this morning show foreclosure filings in the St. Louis area are way down, but there are troubling signs in Ferguson. 176 more words


Negative Equity Falling, but Still Exceeds $1 trillion

The percentage of American homeowners a mortgage that was seriously underwater fell to 15 percent in the third quarter of 2014 RealtyTrac said on Thursday.  There were 8.1 million properties with mortgages that met the company’s definition of seriously underwater – where the combined loan amount of the homes mortgage(s) is at least 25 percent higher than the properties market value.  138 more words

Mortgage/Industry News