TITLE

Foreclosure Filings Jump

PUB. DATE
January 2008
SOURCE
American Banker;1/30/2008, Vol. 173 Issue 20, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that foreclosure filings in the United States increased 75% in 2007 from a year earlier as homeowners were effected by credit troubles and falling home values. In 2007, more than 1% of U.S. households were in some stage of foreclosure, versus 0.58% in 2006. The article also explains that in December 2007 foreclosure filings increased to 97% from a year earlier.
ACCESSION #
28816439

 

Related Articles

  • FROM THE WIRE.  // Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p17 

    This section offers business news briefs in the U.S. as of June 23, 2008. Reports on housing, prices and manufacturing suggest that the economy of the country is probably suffering from its first bout of stagflation. Additional capital may need to be raised by banks due to prediction of...

  • Peru and Other Menaces. Will, George F. // Newsweek (Pacific Edition);11/19/2007 (Pacific Edition), Vol. 150 Issue 21, p58 

    This article offers the author's opinion on the U.S. economy in light of a unpredictable stock market during the second week of November 2007. The volatility in the market is being caused by things like the price of oil, the financial statement of General Motors, a threat by China to dump some...

  • A Difficult Year For Would-Be Opportunists. Berry, Kate // American Banker;12/27/2007, Vol. 172 Issue 247, p1 

    The article reports on the wide-ranging fallout from the collapse of the U.S. subprime mortgage market, in particular the sufferings of companies that were at first expected to benefit from the downturn. Many firms seeking to buy up distressed assets, increase market share, or move into...

  • FROM THE WIRE.  // Las Vegas Business Press (10712186);4/27/2009, Vol. 26 Issue 17, pP23 

    This section offers news briefs on the U.S. economy, including a rise in confidence among wealthy U.S. citizens, reflected in an increase in luxury spending. Treasury Secretary Timothy Geithner that majority of U.S. banks have more capital than needed and that there are indications tha the...

  • THE LAST GREAT BULL MARKET. Samuelson, Robert J. // Newsweek (Atlantic Edition);2/25/2002 (Atlantic Edition), Vol. 139 Issue 8, p29 

    Reflects on the booming housing prices in the United States. View that increased housing prices are the last bull market; Impact on national morale, suffering from growing unemployment and a falling stock market; Reasons why housing defied the business cycle, mainly in relation to interest...

  • Made in USA: A Big Slump. Roach, Stephen // Newsweek (Pacific Edition);12/25/2006 (Pacific Edition), Vol. 148/149 Issue 26/1, p43 

    The article discusses the possibility that economic growth in the United States could slow in 2007. The author believes that the housing slump in the United States could have repercussions on other aspects of the economy. The article examines the impact of economic slowdown or recession in the...

  • More Than a Bear Rally. Sharma, Ruchir // Newsweek (Pacific Edition);5/12/2008 (Pacific Edition), Vol. 151 Issue 19, p44 

    This article reports on stock market conditions in the U.S. in May 2008. There has been a run-up in stocks, continued drops in housing prices, and relatively low valuations. The article discusses historical bear markets and past economic crises. Information is also provided on domestic consumer...

  • Reason to Hope. Fogarty, Mark // National Mortgage News;10/20/2008, Vol. 33 Issue 5, p1 

    The author reflects on the crisis involving the housing market in the U.S. He is confident that the housing will be the first sector to recover from the crisis. He predicts that once the home prices stabilize, qualified borrowers will get back in to the new and existing home sale markets with...

  • Housing Hope. Hochstein, Marc; Terris, Harry // American Banker;10/7/2009, Vol. 174 Issue 185, p10 

    The article discusses a report from ClearCapital.com Inc. which shows cautious signs of improvement in the United States housing market. Statistics are given on the sale of repossessed properties and for the repossessed property "saturation rate." As of September 25, 2009, prices rose in...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics