Fla. retains No. 3 foreclosure ranking - South Florida Business Journal:

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Between January and June, Florida had 268,064 foreclosurer filings. Florida also ranked second in the natio for the number of total foreclosures in the firsgt half ofthis year, with activity increasing 7 percent from the previou s six months and up nearly 42 percenft from the first half of last year. In Southh Florida, Miami-Dade County rankesd seventh inthe state, realizing 34,442 foreclosuree filings, or one in everg 28 homes, by mid-year. Broward County rankeds fourth, with 36,654 filings, or one in everuy 22 homes. Palm Beach County fared ranking 45th inthe state, with 14,30w filings, or one in every 45 Nationwide, RealtyTrac found there were 1.
9 millionb foreclosure filings reported on 1.5 million propertiews in the first six months of the a 9 percent increase in total properties compared to the previous six months and nearluy a 15 percent increase when compared to the firsr six months of last year. In June foreclosure filings were reportedon 336,173 homee nationwide. That’s the fourth straight monthly tota lexceeding 300,000, according to the Calif.-based foreclosure listing service. Florida rankefd fourth in the nation in the number of foreclosures in with 52,899 filings. Miami-Dade County had 5,881 of those filings, down 24 perceny from May, but up 11 percent compared with the same montulast year.
Broward County had 6,378 filings, down 43.6 percent from the previouz month, but up 1.37 percent from the same year-agko period. Palm Beach County had 3,194 filings, down 15.55 percent from May, but up 15.6 percenty from June 2008. “In spite of the industrywide moratorium earlie rthis year, along with local, state and national legislative action and increased levels of loan modificationh activity, foreclosure activity continues to increase to record levels,” said Jamees J. Saccacio, RealtyTrac CEO.
“Unemployment relatedc foreclosures account for much of thisincreased activity, and the high numbefr of borrowers who find themselved owing more than their homes’ are now worth represeng a potentially significant future On Wednesday, and reported that the numbert of homeowners delinquent on mortgagexs had climbed 6.5 percent in April. The number of mortgagez owned or guaranteed byFannie (NYSE: FNM) and Freddie (NYSE: FRE) at least 60 days delinquentr rose from 1.1 million in March to 1.17 millionh in April. Total delinquencies reached 3.87 percent of all Fanniew and Freddie mortgagesin April, with 10.33 percenty of nonprime mortgages at least 60 days late.