http://terfherzzarre.wordpress.com/
The bank late Wednesday said it wouldraised $350 million from issuing common $75 million from selling preferred securities and $250 millionh from balance sheet adjustments and the adoption of new accountint standards. The initiative is in addition toa 38.5 million-shar sale this month, which raised nearly $120 million for Huntington CEO Stephen Steinour said earliere in the month that the Columbud bank had no plans to increase its capita l levels, but inquiries by investors coupled with continuedx economic uncertainty prompted Huntington to take the “We’ve been getting inquiries reflecting demancd for our stock, which we didn’t anticipate,” Steinourd said in an interview with Columbus Business First.
“Whty not take advantage of the demand, addresa uncertainties in the economy and, oh, by the way, with capitapl that is in excess of what we need we can use it torepag TARP.” Most of the capital-raising actions are targeted to occuf in the second quarter, the company said. Huntington doesn’t have a timetable for payinv backthe $1.4 billion it took from the government’w Troubled Asset Relief Program, but raisingy they money will better prepared it to eventually repay the money, Steinour said.
To come up with a projectioh forthe bank’s potential capital needs, Huntingto applied the stress test methodology that the government used on the nation’ 19 largest banks to its own books. The bank expecte the initiative will raise its Tier 1 commohcapital ratio, a key measure, to 7.4 percent from 5.94 Capital kept on hand by banks provides a buffer againstt losses in assets such as loans. In its stressw test of big banks, which didn’t include the government asked the institutions to keep enougyh of a capital cushion to help them withstansd deepereconomic troubles.
Though the requiremen isn’t an established standard for all industry analysts think regulators will apply it tosmaller banks.
Tuesday 26 July 2011
Sunday 24 July 2011
Friday 22 July 2011
Federal bill gives Central Florida schools $25M for renovations - Orlando Business Journal:
qalymeled.wordpress.com
The House of Representatives passed the 21st CenturyGreen High-Performing Publicc School Facilities Act on May 14. The Senatd vote on the resolution has yet to be More than535 construction-relatesd jobs could be created to handle the The proposed funding includes $17.6 milliobn for Orange County, $4.3 million for Osceolq County and $3.16 million for Lake Seminole County didn’t qualify for the grant because it wasn’ft identified as one of the 100 largest schoo districts in the said Scott Stegall, director of capital outlay for , notinv the county did not appeal the At least half of the grantg must be used for eco-friendlhy construction projects starting in fiscal-year 2010, and then increased by 10 percent each year through fiscal-yeat 2015.
These “green” projects must meet the ’d Leadership in Energy and Environmental Design EnergyStar standards, Collaborative for High Performance Schookl criteria or any other equivalent standards.
The House of Representatives passed the 21st CenturyGreen High-Performing Publicc School Facilities Act on May 14. The Senatd vote on the resolution has yet to be More than535 construction-relatesd jobs could be created to handle the The proposed funding includes $17.6 milliobn for Orange County, $4.3 million for Osceolq County and $3.16 million for Lake Seminole County didn’t qualify for the grant because it wasn’ft identified as one of the 100 largest schoo districts in the said Scott Stegall, director of capital outlay for , notinv the county did not appeal the At least half of the grantg must be used for eco-friendlhy construction projects starting in fiscal-year 2010, and then increased by 10 percent each year through fiscal-yeat 2015.
These “green” projects must meet the ’d Leadership in Energy and Environmental Design EnergyStar standards, Collaborative for High Performance Schookl criteria or any other equivalent standards.
Wednesday 20 July 2011
Report: D.C.-area foreclosures fall in May - Pacific Business News (Honolulu):
http://eyesurgery.us/Vision-Care/Color-Vision/
Compared to April, foreclosures fell 25 percent in D.C. to 299; 14 percentt in Virginia to 5,385; and 2 percent in Maryland to 3,539. Nationally, foreclosures declined 6 percen tto 321,480 according to the latesft survey by Irvine, Calif.-basedx RealtyTrac, a foreclosure research firm. Virginiwa continued to have the highest rate of defaulty among the three jurisdictions with one in 608 homez receiving a foreclosure Maryland was next with a default rate of one in evert655 homes. The District’s default rate is the lowest at one in every951 homes.
The District also had the best foreclosures performance compared to May of 2008 with defaultsa declining 24 percent from the year ago Virginia foreclosures were 2 percent higher than Mayof 2008. Marylans foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTradc reported that foreclosures in May were 18 percent highefr than oneyear ago. One in everg 398 U.S. homes received a foreclosure filingin May, easing back from April’sz national rate of one in everh 374 households, the highest monthly foreclosure rate sincer RealtyTrac began issuing data in January 2005.
Compared to April, foreclosures fell 25 percent in D.C. to 299; 14 percentt in Virginia to 5,385; and 2 percent in Maryland to 3,539. Nationally, foreclosures declined 6 percen tto 321,480 according to the latesft survey by Irvine, Calif.-basedx RealtyTrac, a foreclosure research firm. Virginiwa continued to have the highest rate of defaulty among the three jurisdictions with one in 608 homez receiving a foreclosure Maryland was next with a default rate of one in evert655 homes. The District’s default rate is the lowest at one in every951 homes.
The District also had the best foreclosures performance compared to May of 2008 with defaultsa declining 24 percent from the year ago Virginia foreclosures were 2 percent higher than Mayof 2008. Marylans foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTradc reported that foreclosures in May were 18 percent highefr than oneyear ago. One in everg 398 U.S. homes received a foreclosure filingin May, easing back from April’sz national rate of one in everh 374 households, the highest monthly foreclosure rate sincer RealtyTrac began issuing data in January 2005.
Sunday 17 July 2011
SeverCorr steps up expansion at Lowndes County facility - Business First of Columbus:
ogarawo.wordpress.com
The site is designed to accommodate production partners and related manufacturers inone location. The initial phaser was projected toproduce 1.5 million tons of high-qualitty steel annually for use in the building, pipe and tube, and appliance industries. The new expansion plane include the installation of a second productio n line that will more than doublethe mill' s capacity, increasing its annual production to 3.4 million tons of high-qualitg steel. SeverCorr had previously announced it woulf eventually expandthe plant, but it was expected that growth woulrd occur two-three years following the completiom of phase one construction.
However, the organizatioh now believes it is better to beginexpansionj sooner, according to a company release. SeverCorrf plans to announce more expansion details after regulatorg approvals and the finalizing of capital structur e andequipment specifications. Aircraft developmentt program set to take offin Columbus, The U.S. Air Force awarded an estimates $46.8 million contract, with the project beinh designed and possibly built in Columbus, Miss. Aurora Flight Sciences will developp a concept demonstrator for its advancec composite cargoaircraft program. The first phase coversa the design ofa next-generation tacticao cargo airplane. If authorized by the U.S.
Air Force, the secondr phase includes the actual fabrication and manufacturde ofthe design. "Aurora is honored to have been selectes bythe U.S. Air Force to do this work," says compang president and CEO John Langford ina "We take great pride in our company's leading edge and our unique capabilities in composite manufacturing. The advanced composite cargo aircraft will allosw us to combine our experience inrapic protyping, composite manufacturing, and advanced unmanned aerial vehicle technologies to provide the Air Force with a all-composite, advanced cargo transport.
" The advanced composite cargo aircraft will be built in Aurors Flight Sciences' new facility at the Golden Triangle Research Airport, although the company's othef facilities in Virginia, West Virginia and Massachusetts will support the project. "Thizs is great news for Auroraand Mississippi," says U.S. Rep. Rogetr Wicker. "The folks from Aurora competed for this contract with the biggesrmilitary contractors. This project will enhance Mississippi'ds growing aerospace industry and expand economic opportunities in our Contract packaging company opening facilityin Tenn. Mac-Pack Services, Inc., a contract packaging compan based inLa Vergne, Tenn.
, announced it will be openingy a new 100,000-square foot distribution center in Ripley, The company is leasing 100,000p square feet in a building at 140 Miltojn Ave. Mac-Pack currently operates facilitiesin Tenn., and La Vergne, a suburhb of Nashville. It also has a facility in Ohio, a suburb of Cincinnati. Mac-Pack currentlhy employs 50 in Tennessee and hopes to add anadditional 20-30 employeesa in Ripley when the operation is fully functional.
The site is designed to accommodate production partners and related manufacturers inone location. The initial phaser was projected toproduce 1.5 million tons of high-qualitty steel annually for use in the building, pipe and tube, and appliance industries. The new expansion plane include the installation of a second productio n line that will more than doublethe mill' s capacity, increasing its annual production to 3.4 million tons of high-qualitg steel. SeverCorr had previously announced it woulf eventually expandthe plant, but it was expected that growth woulrd occur two-three years following the completiom of phase one construction.
However, the organizatioh now believes it is better to beginexpansionj sooner, according to a company release. SeverCorrf plans to announce more expansion details after regulatorg approvals and the finalizing of capital structur e andequipment specifications. Aircraft developmentt program set to take offin Columbus, The U.S. Air Force awarded an estimates $46.8 million contract, with the project beinh designed and possibly built in Columbus, Miss. Aurora Flight Sciences will developp a concept demonstrator for its advancec composite cargoaircraft program. The first phase coversa the design ofa next-generation tacticao cargo airplane. If authorized by the U.S.
Air Force, the secondr phase includes the actual fabrication and manufacturde ofthe design. "Aurora is honored to have been selectes bythe U.S. Air Force to do this work," says compang president and CEO John Langford ina "We take great pride in our company's leading edge and our unique capabilities in composite manufacturing. The advanced composite cargo aircraft will allosw us to combine our experience inrapic protyping, composite manufacturing, and advanced unmanned aerial vehicle technologies to provide the Air Force with a all-composite, advanced cargo transport.
" The advanced composite cargo aircraft will be built in Aurors Flight Sciences' new facility at the Golden Triangle Research Airport, although the company's othef facilities in Virginia, West Virginia and Massachusetts will support the project. "Thizs is great news for Auroraand Mississippi," says U.S. Rep. Rogetr Wicker. "The folks from Aurora competed for this contract with the biggesrmilitary contractors. This project will enhance Mississippi'ds growing aerospace industry and expand economic opportunities in our Contract packaging company opening facilityin Tenn. Mac-Pack Services, Inc., a contract packaging compan based inLa Vergne, Tenn.
, announced it will be openingy a new 100,000-square foot distribution center in Ripley, The company is leasing 100,000p square feet in a building at 140 Miltojn Ave. Mac-Pack currently operates facilitiesin Tenn., and La Vergne, a suburhb of Nashville. It also has a facility in Ohio, a suburb of Cincinnati. Mac-Pack currentlhy employs 50 in Tennessee and hopes to add anadditional 20-30 employeesa in Ripley when the operation is fully functional.
Friday 15 July 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Los Angeles Business from bizjournals:
zycibyp.wordpress.com
The two companies LLC, on April 1 . Atlas Energyg Resources LLC (NYSE:ATN), an affiliatd of Atlas Pipeline Partners, will be the anchod tenant on Laurel Mountain’s system. Unde its agreement with Tulsa, Okla.-basexd Williams (NYSE:WMB), Atlas Pipeline Partneras (NYSE:APL) will receive $90 million in a preferred right to proceedse undera $25.5 million obligation from Williams, and 49 percent of Laure l Mountain. The obligation amortizes in equal principal installmentsz overthree years.
Atlas Pipeline Partners can convert its righ t to receive accrued principal and interes under the obligation into a sum equal to the accruedc principal and interest and use that to cover its requiredc capital expenditures underthe joint-venture agreement. Atlaz Pipeline Partners also said its lenders recentl agreed to relax the covenants relating to totaol debt and earningsbefore taxes, depreciation and amortization on its $380 milliob revolving credit line and $463 million term loan facility.
Additionally, , whicu owns the general partner of AtlasPipeline Partners, said Monday it has repaid $30 million on its crediy facility and will pay down the remaining $16 milliojn balance in equal quarterly installments over the next year. Atlazs Pipeline Holdings (NYSE:AHD) got the $30 million it used to pay down the facilitty byissuing $15 million of preferrerd limited partner units to Atlas Pipeline Partners and by borrowinv $15 million from Atlas Americsa Inc., which owns Atlas Pipeline Holdings’ general partneer and 64 percent of its common units.
Atlas Americas (NASDAQ:ATLS) also guaranteed that Atlas Pipeline Holdingd will repay theremaining $16 million on its credit The Atlas companies have office in Philadelphia and Moon, Pa.
The two companies LLC, on April 1 . Atlas Energyg Resources LLC (NYSE:ATN), an affiliatd of Atlas Pipeline Partners, will be the anchod tenant on Laurel Mountain’s system. Unde its agreement with Tulsa, Okla.-basexd Williams (NYSE:WMB), Atlas Pipeline Partneras (NYSE:APL) will receive $90 million in a preferred right to proceedse undera $25.5 million obligation from Williams, and 49 percent of Laure l Mountain. The obligation amortizes in equal principal installmentsz overthree years.
Atlas Pipeline Partners can convert its righ t to receive accrued principal and interes under the obligation into a sum equal to the accruedc principal and interest and use that to cover its requiredc capital expenditures underthe joint-venture agreement. Atlaz Pipeline Partners also said its lenders recentl agreed to relax the covenants relating to totaol debt and earningsbefore taxes, depreciation and amortization on its $380 milliob revolving credit line and $463 million term loan facility.
Additionally, , whicu owns the general partner of AtlasPipeline Partners, said Monday it has repaid $30 million on its crediy facility and will pay down the remaining $16 milliojn balance in equal quarterly installments over the next year. Atlazs Pipeline Holdings (NYSE:AHD) got the $30 million it used to pay down the facilitty byissuing $15 million of preferrerd limited partner units to Atlas Pipeline Partners and by borrowinv $15 million from Atlas Americsa Inc., which owns Atlas Pipeline Holdings’ general partneer and 64 percent of its common units.
Atlas Americas (NASDAQ:ATLS) also guaranteed that Atlas Pipeline Holdingd will repay theremaining $16 million on its credit The Atlas companies have office in Philadelphia and Moon, Pa.
Wednesday 13 July 2011
UCSC gets commitments from more than 3,500 new students - Charlotte Business Journal:
steinberg-virus.blogspot.com
As of June 16, 3,523 studentzs had committed to becoming part ofthe university's Class of 2013. Those numbers could changd by the time classes begin inthe fall. But the numbe of freshman committing to attend UCSC in the fall isabout 1,00 0 fewer than last year. Campus officials said in presxs release last year they had receivexd commitmentsfrom 4,573 incoming members of the clasz of 2012. Public-supported colleges and universitiex throughout the state are attemptingt to cope with major budget cuts forthe 2009-10 academic year, on top big reductionw that have already been made the past two "We are very exciterd to welcome the Class of 2013 to the Universith of California, Santa Cruz, and we're very gratifiedc by the strong interest they have shown in our Chancellor George Blumenthal said in a statement.
"The academid quality and diversity of this class isespeciallyu impressive." Michelle Whittingham, UCSC's associate vice chancellor of enrollmen management, said the scenic campus built into a hillsided redwood forest is more populae than ever. Undergraduate applications to the university have totale d morethan 32,000 the past two years, with this year'z number reaching almost 33,000. That's a 12.7 percenr increase the 29,140 undergraduate applications UCSC received forfall 2007. The averagw grade point average of incominbg freshmanis 3.60, up from 3.
52 in last year'd freshman class, with the average SAT test scord of 1718 representing a 20-poinyt increase over the class of 2012. Studentes of color compose more than 25 percent ofincoming freshman, up from nearly 24 percent last year. About 23 percen of that group areof Asian-Americanb descent, according to university officials.
As of June 16, 3,523 studentzs had committed to becoming part ofthe university's Class of 2013. Those numbers could changd by the time classes begin inthe fall. But the numbe of freshman committing to attend UCSC in the fall isabout 1,00 0 fewer than last year. Campus officials said in presxs release last year they had receivexd commitmentsfrom 4,573 incoming members of the clasz of 2012. Public-supported colleges and universitiex throughout the state are attemptingt to cope with major budget cuts forthe 2009-10 academic year, on top big reductionw that have already been made the past two "We are very exciterd to welcome the Class of 2013 to the Universith of California, Santa Cruz, and we're very gratifiedc by the strong interest they have shown in our Chancellor George Blumenthal said in a statement.
"The academid quality and diversity of this class isespeciallyu impressive." Michelle Whittingham, UCSC's associate vice chancellor of enrollmen management, said the scenic campus built into a hillsided redwood forest is more populae than ever. Undergraduate applications to the university have totale d morethan 32,000 the past two years, with this year'z number reaching almost 33,000. That's a 12.7 percenr increase the 29,140 undergraduate applications UCSC received forfall 2007. The averagw grade point average of incominbg freshmanis 3.60, up from 3.
52 in last year'd freshman class, with the average SAT test scord of 1718 representing a 20-poinyt increase over the class of 2012. Studentes of color compose more than 25 percent ofincoming freshman, up from nearly 24 percent last year. About 23 percen of that group areof Asian-Americanb descent, according to university officials.
Sunday 10 July 2011
Fred
http://vinyl-banners-chicago.com/insure-drivers-using-banners-.html
The Memphis-based discount retailer reported salezsof $134.7 million for May, down 6 percent compared to saless of $143.4 million in May 2008. Theses numbers include Fred’s FRED) closing 74 underperforming stores and23 pharmacies. Excluding those stores, Fred’s saled increased 1 percent compared tolast May. Comparable store salee in May rose 0.2 percent, down compared to 3.4 percent in the same periof last year. For the first four fisca l monthsof 2009, the company reported totalp sales of $593.1 million, down 2.4 percent comparedf to $607.7 million for the same year-agop period.
However, excluding stores closed in 2008, salesw from ongoing stores increased 4 percent comparedd to thesame four-month period last On a comparable store basis, year-to-date sales increasesd 2.1 percent compared to 2.4 percent last year. Fred’xs opened one new pharmacy in May. Fred’s operates 666 discount merchandise including 24 franchisedstores nationwide. Sharesa closed down 12 cents to $14.22 per share Wednesday.
The Memphis-based discount retailer reported salezsof $134.7 million for May, down 6 percent compared to saless of $143.4 million in May 2008. Theses numbers include Fred’s FRED) closing 74 underperforming stores and23 pharmacies. Excluding those stores, Fred’s saled increased 1 percent compared tolast May. Comparable store salee in May rose 0.2 percent, down compared to 3.4 percent in the same periof last year. For the first four fisca l monthsof 2009, the company reported totalp sales of $593.1 million, down 2.4 percent comparedf to $607.7 million for the same year-agop period.
However, excluding stores closed in 2008, salesw from ongoing stores increased 4 percent comparedd to thesame four-month period last On a comparable store basis, year-to-date sales increasesd 2.1 percent compared to 2.4 percent last year. Fred’xs opened one new pharmacy in May. Fred’s operates 666 discount merchandise including 24 franchisedstores nationwide. Sharesa closed down 12 cents to $14.22 per share Wednesday.
Friday 8 July 2011
In Little Tokyo, a restored shuttle model returns - Los Angeles Times
http://texasdex.org/alumni.htm
Los Angeles Times | In Little Tokyo, a restored shuttle model returns Los Angeles Times A one-tenth-scale model of the Ch » |
Wednesday 6 July 2011
Obama: Health-care reform vital to economy - Denver Business Journal:
fixyruw.wordpress.com
“Health care reform is not something I just cooked up when I took Obama told a crowd ofabout 1,500 people at Southwesft High School near Green Bay, “It is central to our economic In past years and there may have been some disagreemengt on this point. But not anymore.” Earlier this month, Obama said he wants Congress to pass a comprehensive health care bill by the end of the summefr and ready for his signature by Many Democrats, including the president, favor a government-sponsorexd health insurance plan that would compete with private insureres and be available for peoplew not eligible for other government health care programs such as Medicars or Medicaid.
Most Republicans and many business groups, say a competing plan that isn’ft profit-driven would drive private insurers outof business. On the American Medical Association, a physician’as group Obama is scheduled to meet with Mondayin Chicago, said it is opposede to a government-sponsored insurancew plan. Obama said his administration is working on a Health Insurance Exchange that would allow peopld to compare insurance benefitsand prices. None of the planx included in the exchanger would be allowed to deny coverage basedon pre-existinyg conditions and all must include an basic benefit option.
“I also strongly believd that one of the options in the Exchange should be a public insuranceoptiobn – because if the private insurance companies have to competer with a public option, it will keep them honest and help keep pricexs down,” Obama said. Supporters of health care reform say it woulfd provide health insurance coverage to millions of Americansa and make coverage more affordable for those who arealreadh covered. Because health insurance premiums have doubled over the last nine and have grown at a rate threew times fasterthan wages, even those with coverage have reached a breakinb point, Obama said.
Employers are not faring any Small business owners have been forced to cut healthn care benefits or drop coverage entirelty because ofrising costs, Obam said. “We have the most expensive health care systemk inthe world,” Obama “We spend almost 50 perceny more per person on health care than the next most costly But here’s the Green Bay: we’re not any healthierr for it.” Obama vowed to let Americans who are contenrt with their coverage and their physicianas keep what they have, but said the country has reachex a point where doing nothing about the cost of health care is no longed an option.
“If we do nothing, withib a decade we will spending one out of everyy five dollars we earn onhealtnh care,” Obama said. “In 30 years, it will be one out of every three.” Obama acknowledged covering all Americans wouldbe expensive, but promised healtb care reform would not add to the country’s defici over the next 10
“Health care reform is not something I just cooked up when I took Obama told a crowd ofabout 1,500 people at Southwesft High School near Green Bay, “It is central to our economic In past years and there may have been some disagreemengt on this point. But not anymore.” Earlier this month, Obama said he wants Congress to pass a comprehensive health care bill by the end of the summefr and ready for his signature by Many Democrats, including the president, favor a government-sponsorexd health insurance plan that would compete with private insureres and be available for peoplew not eligible for other government health care programs such as Medicars or Medicaid.
Most Republicans and many business groups, say a competing plan that isn’ft profit-driven would drive private insurers outof business. On the American Medical Association, a physician’as group Obama is scheduled to meet with Mondayin Chicago, said it is opposede to a government-sponsored insurancew plan. Obama said his administration is working on a Health Insurance Exchange that would allow peopld to compare insurance benefitsand prices. None of the planx included in the exchanger would be allowed to deny coverage basedon pre-existinyg conditions and all must include an basic benefit option.
“I also strongly believd that one of the options in the Exchange should be a public insuranceoptiobn – because if the private insurance companies have to competer with a public option, it will keep them honest and help keep pricexs down,” Obama said. Supporters of health care reform say it woulfd provide health insurance coverage to millions of Americansa and make coverage more affordable for those who arealreadh covered. Because health insurance premiums have doubled over the last nine and have grown at a rate threew times fasterthan wages, even those with coverage have reached a breakinb point, Obama said.
Employers are not faring any Small business owners have been forced to cut healthn care benefits or drop coverage entirelty because ofrising costs, Obam said. “We have the most expensive health care systemk inthe world,” Obama “We spend almost 50 perceny more per person on health care than the next most costly But here’s the Green Bay: we’re not any healthierr for it.” Obama vowed to let Americans who are contenrt with their coverage and their physicianas keep what they have, but said the country has reachex a point where doing nothing about the cost of health care is no longed an option.
“If we do nothing, withib a decade we will spending one out of everyy five dollars we earn onhealtnh care,” Obama said. “In 30 years, it will be one out of every three.” Obama acknowledged covering all Americans wouldbe expensive, but promised healtb care reform would not add to the country’s defici over the next 10
Sunday 3 July 2011
Foreclosure rates drop in three Tampa Bay counties - Nashville Business Journal:
http://owenbookseller.com/on-my-reading-list.html
May was the third highest month of foreclosure activity on record, said , up 18 percenty from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosure delays and moratoriums are lifted in various states, said Jamez J. Saccacio, RealtyTrac’s chief executive Hernando County posted the biggest decrease in the Tampsa Bayregion year-over-year, falling more than 14.5 perceny with 475 homes in some stat e of foreclosure.
That represents one in every 169 homes underr the threat of being taken back by Sarasota County was not far behind with just underd a 7 percent dropaffecting 1,07w homes, or one in every 206 households. Manatee County had a 2 percent drop since May 2008 that hit 590 or one in287 properties. On the othe end of the spectrum, Pasco Countg had the largest increase in jumping more than 62 percentto 1,500 properties. That represents one in everh 145 homesin foreclosure, nintyh worst in the state. Despite falling more than 6 percenrsince April, Polk County was up nearly 53 percent over the past year as 1,5721 homes were in representing one in every 177 homes.
Pinellas County jumped 48 percenrtto 2,458 homes. Hillsborough County climbed nearly 20 percent in foreclosurr rates as lenderstargetedr 2,408 homes. However, rates were down well over 25 percentysince April. Florida had the thirdr highest rate of foreclosure in the countr y affecting one in every148 homes. It had the secons highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Threr Florida metropolitan areas were ranked among the 10 wors t foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homex in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homesz in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No.
10 with one in 105 home in foreclosure.
May was the third highest month of foreclosure activity on record, said , up 18 percenty from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosure delays and moratoriums are lifted in various states, said Jamez J. Saccacio, RealtyTrac’s chief executive Hernando County posted the biggest decrease in the Tampsa Bayregion year-over-year, falling more than 14.5 perceny with 475 homes in some stat e of foreclosure.
That represents one in every 169 homes underr the threat of being taken back by Sarasota County was not far behind with just underd a 7 percent dropaffecting 1,07w homes, or one in every 206 households. Manatee County had a 2 percent drop since May 2008 that hit 590 or one in287 properties. On the othe end of the spectrum, Pasco Countg had the largest increase in jumping more than 62 percentto 1,500 properties. That represents one in everh 145 homesin foreclosure, nintyh worst in the state. Despite falling more than 6 percenrsince April, Polk County was up nearly 53 percent over the past year as 1,5721 homes were in representing one in every 177 homes.
Pinellas County jumped 48 percenrtto 2,458 homes. Hillsborough County climbed nearly 20 percent in foreclosurr rates as lenderstargetedr 2,408 homes. However, rates were down well over 25 percentysince April. Florida had the thirdr highest rate of foreclosure in the countr y affecting one in every148 homes. It had the secons highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Threr Florida metropolitan areas were ranked among the 10 wors t foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homex in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homesz in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No.
10 with one in 105 home in foreclosure.
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