Mortgage News Daily
Even as various indicators of foreclosure activity continue to tumble from their year ago levels, they still tend to bounce up and down from month to month. CoreLogic today said that completed foreclosures were up again in May when compared to April while the foreclosure inventory fell.
Completed foreclosures numbered 47,000 in May 2014 compared to 52,000 in May 2013, a year-over-year change of -9.4 percent. However completed foreclosures, an indication of the number of homes repossessed by a lender, rose by 2,000 or 3.8 percent from April to May. Core-Logic said that there have been approximately 5 million completed foreclosures nationwide since the housing crisis began in September 2008, comparing this to the average of 21,000 foreclosures completed each month (an average of 252,000 per year) nationwide between 2000 and 2006.
