“This is a large decline in foreclosure activity,” Ryan [...]
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Arguably, Colorado’s foreclosure crisis is [...] “The 30-year mortgage rate was at a record low average of 3.36 percent during 2012, and that has really helped push up refinance and purchase activity in Colorado,” s Ryan [...] “It’s clear at this point that so far in the year, Colorado’s foreclosure activity is well below what it was last year,” Ryan [...] “Since foreclosure activity is so closely tied to wages and employment right now, the trend in filings could change at any time in response to the overall strength of the economy,” Ryan [...] A top state housing official today published a report criticizing the way that Irvine, Calf.-based RealtyTrac counts foreclosures in Colorado. RealtyTrac’s conclusion that foreclosure activity in Colorado rose in the second quarter from the same period in 2009, is simply incorrect, said Ryan McMaken, spokesman for the Colorado Division of Housing. Earlier today I posted a blog that showed the overall Colorado vacancy rate at the end of 2009 was 7.9 percent from 8 percent at the end of 2008, and the average and median rents were down slightly during the same time period. “Statistically it is unchanged from a year ago, although two years ago the [...] “If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternative works,” James A. [...] “We’re making good progress,” Ryan [...] |
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