Foreclosures | Stocks

By
Mortgage and Lending with Benchmark Home Loans 173024

Foreclosure activity continued to decrease in February due in part to rising wages and a strong labor market. ATTOM Data Solutions reports that foreclosure filings - default notices, scheduled auctions and bank repossessions - declined 3% from January to February and were down 11% from February 2018 to February 2019. It was the eighth consecutive annual drop in foreclosure activity. In addition, bank repossessions were down 7% month-over-month and fell 12% from a year ago.

U.S. stocks are rallying today as the Federal reserve members kick off their Federal Open Market Committee meeting. Stocks are higher in anticipation of a dovish Fed when the statement is released on Wednesday. The closely watched S&P 500 has traded higher the last five out of six days and is up over 4% since the March 8 low and is just 80 points shy of hitting a new all-time high.

 

Posted by

Steve Reed

Benchmark Home Loans

Branch Manager

NMLS #173024

Ark-La-Tex Financial Services, LLC NMLS #2143 

4138 Bristol Highway, Suite #4

Johnson City, TN 37601

Phone 423-232-0111

steve.reed@benchmark.us

www.stevereed.benchmark.us

Apply Now

Connect with me:       

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
301,355

Steve Reed

Steve Reed Branch Manager | Benchmark Home Loans
Ask me a question
*
*
*
*
Spam prevention