RealtyTrac® (www.realtytrac.com), released its first-ever U.S. Foreclosure Inventory Analysis on March 28th 2013. The report shows nearly 1.5 million U.S. properties were actively in the foreclosure process or bank-owned (REO) in the first quarter of 2013, up 9 percent from the first quarter of 2012 but still down 32 percent from the peak of 2.2 [...]
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Housing Finance Agencies Fared Better Than States In The Recession
U.S. states have proven to be a very strong municipal sector. Standard & Poor’s Ratings Services’ median state rating is ‘AA+’ and ratings have trended higher during the past 40 years. The ability of states to increase revenue through taxation and fees, the economic diversification they have in comparison with localities, and the proactive response [...]