Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
The fewest number of initial foreclosure notices were sent to Illinois homeowners in August since February but more than 4,000 homes in the state continue to be repossessed by lenders each month, new data shows.
In August, 6,912 Illinois homeowners received notice that their loans were in default and their lender had started foreclosure proceedings against them, a decrease of almost 19 percent from July’s activity, RealtyTrac reported. Get the full story »
Almost one in 10 of Illinois’ 1.7 million home mortgage loans were at least 30 days past due in the second quarter, a troubling sign that might spell more foreclosures in the future, according to new data released Thursday. Get the full story »
Home loan delinquencies, excluding those loans already in foreclosure, rose 2.3 percent in May, to 9.2 percent nationally, according to a mortgage monitor report released Tuesday by Lender Processing Services Inc.
Meanwhile, the foreclosure inventory remained relatively stable compared with April, at 3.18 percent of all mortgage loans outstanding, the company reported.
Illinois is among the 10 states with the most loans in foreclosure or delinquency, with a rate of 13.6 percent of active loans. Nationwide, the rate is 12.38 percent.