Foreclosure Filings Increase, but at Slower Rate

Foreclosure filings in August were up 27% compared with the same month a year ago, but that's a significantly slower pace than in previous months, according to data released Friday. Nationwide, 303,800 homes received at least one foreclosure-related notice in August, up 12% from July, RealtyTrac said. That means one in every 416 U.S. households received a foreclosure filing last month. August's increase, however, was smaller than the two prior months. June and July both had year-over year increases in foreclosure filings of 50% or more.