The lenders slowed down foreclosure sales and repossessions after record-keeping abuses surfaced 18 months ago.
Home foreclosures flattened in May despite bank repossessions reaching a record high, according to RealtyTrac.
Separate statistics suggested that the number of repossessions was unlikely to rise in the short-term.
Repossessions and property transfers following a divorce are also excluded to avoid skewing the sample.
Repossessions and property transfers following a divorce are excluded to avoid skewing the sample.
That is extreme, but relatively speedy repossessions might at least reduce some of the collateral damage.
He pressed home his political advantage on the issue, announcing new measures to try to reduce repossessions.
The original regulations were brought in to reduce the risk of repossessions during the recent housing market downturn.
More than 156, 000 families have lost their homes to bank repossessions this year.
The use of credit for the purchase of homes, cars, furniture and household appliances resulted in foreclosures and repossessions.
The number of bank repossessions totaled 671, 251, down 17% from a year earlier.
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The quickest way to reduce the burden of debt would be to restructure loans via bank-ruptcies, including bankruptcies and home repossessions.
Add the likelihood of some 1m more repossessions as adjustable-rate mortgages are reset, and you have the makings of a housing glut.
Just when some would-be buyers find it harder to borrow, rising numbers of repossessions will increase the supply of homes for sale.
Banks have been lenient, and repossessions have been far rarer than feared.
Repossessions, though still low by historical standards, rose by 65% in 2006.
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The types of systems used to remotely disable the vehicles are largely designed to replace physical repossessions at so called subprime auto dealers.
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He said this was the reason repossessions were running at half the rate of the last recession, under a Conservative government, in the 1990s.
Northern Rock has rejected suggestions that its approach to repossessions is "overly aggressive" and argues it is only ever used as a "last resort".
There were nearly 650, 000 foreclosure filings -- which include notices of default, auction sales and bank repossessions -- issued during the first quarter of 2008.
The first recorded laws had to do with repayments and repossessions.
They needed to be charging a higher margin than they were to be able to cover the losses from defaults and repossessions if house prices started to fall.
Court orders for repossessions have doubled since 2003 while the number of homeless people being placed in temporary rather than permanent accommodation has more than doubled since 1997.
Repossessions are at an all-time high which is very worrying.
As recession bites, unemployment rises and repossessions mount, the sort of privilege that the Corfu saga seems to advertise may become a bigger liability than it has hitherto seemed.
Bankinter, a retail bank, has responded to fury over home repossessions by introducing the first Spanish mortgage that can be walked away from, American-style, simply by handing over the keys.
"At this rate, Gordon Brown's grand plan to avoid 6, 000 repossessions will help less than 25 of the most vulnerable families stay in their homes, " said shadow housing minister Grant Shapps.
The whole half hour was dominated by the economy and MPs on all sides questioned the Prime Minister about the effects on the real economy - jobs, houses, repossessions and savings.
Mr Brown also suggested that state-owned bank Northern Rock may be changing its approach towards repossessions - in October it emerged the bank was repossessing 50% more properties than the industry average.
The risk is this: millions of home-owners who are already financially stretched will be pushed to breaking point once their mortgage resets, triggering another spiral of defaults, repossessions, write-downs, implosions and lay-offs.
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