There are solutions to avoid letting your house fall into foreclosure.

Current Mortgages Turning Delinquent Rises for First Time in a Year During the third quarter, 2.7 percent of current mortgage balances transitioned into delinquency, according to the New York Federal Reserve. That's up from 2.6 percent that became newly delinquent in the second quarter. Fed officials called the increase "slight" but noted that the rise follows a full year of declines in new delinquencies. According to the federal bank's report, about 457,000 individuals received home foreclosure notices on their credit reports between July 1 and September 30, 2010. Slide in Home Prices Signals Trouble Ahead: IAS Residential property values fell 0.2 percent at the national level during the third quarter, according to Integrated Asset Services (IAS). In front of a seasonal slow-down in home sales, IAS says the data foreshadow "particularly difficult times ahead" for the housing market and for the U.S. economy. The company's report confirms that the nation's most devastated counties are showing no signs of bottoming. The robo-signing controversy is expected to slow the housing correction even further as banks hold back foreclosures. MBA and Others Send Letter to Fed Regarding Consumer Disclosures The Mortgage Bankers Association and six other industry groups sent a letter to Federal Reserve Chairman Ben Bernanke Monday, voicing their concern that the Fed, which has jurisdiction over the Truth in Lending Act (TILA), and HUD, which oversees the Real Estate Settlement Procedures Act (RESPA), will create regulatory rules that overlap. The Dodd-Frank Act created the Consumer Financial Protection Bureau, which will be overseen by yet another agency, the Treasury, and will have regulatory authority over consumer disclosures. Realtors Exhibit Cautious Optimism for Housing's Future At the 2010 Realtors Conference, real estate professionals were cautiously optimistic about the current and future state of the industry. Most agreed that the rise in home sales and prices during the boom was both unrealistic and unsustainable. Today, the industry has returned to a more sound and balanced idea of homeownership. But current conditions mandate agents educate themselves about buying and selling distressed properties and working with investor buyers, particularly when it comes to handling short sales.   You are receiving this e-mail because you opted in at our Web site DSNews.com or attended a Five Star Conference.