mortgage

Top foreclosure states Sept. 2012: Michigan

Live in Michigan? According to RealtyTrac, a California-based firm that tracks foreclosures, your state had one of the highest rates of foreclosure in September. Nationally, 1 in every 730 housing units received a foreclosure filing in September 2012.

Michigan: 1 in every 585 housing units received a foreclosure filing.
Nationally: 1 in every 730
Michigan average foreclosure sales price: $70,359
National average foreclosure sales price: $194,681

 

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David McMillin

CFPB slaps Flagstar Bank with $37.5 million fine

Michigan-based Flagstar Bank is paying the price for failing to help homeowners and breaking the Consumer Financial Protection Bureau's new mortgage-servicing rules.  ... Read more

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