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 move – Chicago Tribune
Eminent domain furor hits Capitol Hill – Wall Street Journal