Foreclosure News

For the latest foreclosure related news from across a wide range of media:

Top Stories from 2006 to present

• Across the U.S. foreclosure filings increased over 40% from 2005!
• Colorado, Nevada and Georgia round out the top 3 states for foreclosure filings
• Texas foreclosure filings are the largest in volume
• California foreclosure filings 2nd largest by volume in the nation.
• Detroit, Michigan was the leader in foreclosure filings for major metropolitan areas
• Other states in the TOP 10 for foreclosures include: Indiana, Illinois, Ohio, New York, Florida besides California, Colorado, Georgia, Nevada & Texas!
• 2007 now becomes a Buyer's market for the majority of the nation.
• Mortgage Fraud beginning to surface as a major problem for lenders nationwide.
• The FBI and the Mortgage Banker's Association announce joint efforts to reign in fraud.
• Many in the banking industry are calling for licensing of Loan Officers nationwide.
• Arizona launches major investigation into Mortgage Fraud
• Mortgage Lender in Phoenix, Arizona receives cease and desist order

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