TV News LIES

Thursday, Mar 28th

Last update03:41:26 AM GMT

You are here News Economy US banks 'foreclosed on record 1m homes in 2010'

US banks 'foreclosed on record 1m homes in 2010'

E-mail Print PDF

US banks foreclosed on a million homes in 2010Banks repossessed a record one million US homes in 2010, and could surpass that number this year, figures show. Foreclosure tracker RealtyTrac said about five million homeowners were at least two months behind on their mortgage payments.

Foreclosures are likely to remain numerous while unemployment remains stubbornly high, the group said. Among the worst hit states were Nevada, Arizona, Florida and California, once at the heart of the housing boom.

Nevada had the highest foreclosure rate for the fourth year in a row, with one in 11 housing units receiving a foreclosure notice, and RealtyTrac said more than half the nation's foreclosures occurred in Arizona, California, Florida, Illinois and Michigan.

RealtyTrac said 2.9 million US households were subject to a foreclosure filing last year, up 1.67% from 2009.

More...


Most Recent Related Stories...


Wall Street braces for commercial real estate time bomb

Jerome Powell Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures...

US stock markets close at record highs as enthusiasm for AI drives gains

Stock Market closes at all time high US stock markets closed at record highs on Friday powered by investors’ continued enthusiasm for artificial...

US adds 275,000 jobs in February as labor market continues to grow

US adds 275,00 more jobs in February Employers added 275,000 jobs across the US last month, as the labor market continues to grow...

Macy's to close 150 stores in new turnaround effort, forecasts weak 2024 sales

Macy's to close 150Macy's on Tuesday forecast annual sales and profit below expectations and said it would shutter about...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!