Foreclosure Rates Hold Steady, Despite Economic Improvements Elsewhere
Foreclosure Rates Hold Steady, Despite Economic Improvements Elsewhere
One in every 495 Ohio homes received a foreclosure filing in May 2012, which was well above the national average of 1 in 639, according to RealtyTrac.com. Despite modest improvements in the mortgage default rate over the past few months, a recent report from the Mortgage Bankers Association shows foreclosures across the U.S. are holding steady. In the first quarter of 2012, about 4.4 percent of U.S. homes were in some stage of foreclosure, the same as the previous quarter and only a slight improvement ...