Morning Minute: U.S. foreclosures edge up in August

U.S. foreclosures rose in August, due in part to judicial foreclosure states working through their backlog of delinquencies and defaults, according to the latest RealtyTrac report. See coverage from CNN and HousingWire. For the first time, Illinois, a judicial state that requires foreclosures to go through the courts, posted the nation’s highest foreclosure rate.

In other news:

Mortgage rates hold steady, awaiting Fed moveChicago Tribune

Eminent domain furor hits Capitol HillWall Street Journal

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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