Foreclosure rates down in Potter and Randall Counties - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Foreclosure rates down in Potter and Randall Counties

Posted: Updated:

Homeowners in our area may be surprised to learn that local foreclosure rates are decreasing.

According to Coldwell Banker and Amarillo National Bank, rates are down about 30 to 40 percent compared to years past.

Bankers are saying this is good news, but it still may be hard to get your hands on a mortgage.

"It's tougher. Not as many people can qualify which is a good thing when you think about the negative side of it when they don't qualify and they are foreclosed on," said Missy Villarreal , the Senior Vice President of Happy State Bank.

However, when compared to 2008, realtors say things are getting a little easier.

"Credit scores, and all of the qualifications for borrowers tightened up everywhere and so all of the loans were really good loans that we were making," said Lissa Lanning, the Vice President of Mortgage Loan Services at Amarillo National Bank. "As far as the investors, they've probably loosened up from where they were in 2008," she added.

Although the reason for this drop isn't completely clear, all the realtor and bankers we spoke with today say the drop in foreclosure rates is good for the community, because more families are staying in their homes.

Colleen Nelson - NewsChannel 10

  • Foreclosure rates down in Potter and Randall CountiesMore>>

  • Colleen Nelson

    Colleen Nelson

    Colleen joined NewsChannel 10 in April 2013. She comes to KFDA from Connecticut, where she was born, raised, and graduated from Quinnipiac University with magnum cum laude honors and a degree in Broadcast Journalism. 
    Colleen joined NewsChannel 10 in April 2013. She comes to KFDA from Connecticut, where she was born, raised, and graduated from Quinnipiac University with magnum cum laude honors and a degree in Broadcast Journalism. 
  • Local HeadlinesMore>>

  • The Crisis Center Reacts to UTPB Sexual Assault

    The Crisis Center Reacts to UTPB Sexual Assault

    The Crisis Center in Odessa says that about 95% of sexual assaults on college campuses go unreported, and they hope that maybe now, more victims will come forward."Sexual assault is one of the most under reported crimes," Karen Hildebrand, executive director of The Crisis Center, said.
    The Crisis Center in Odessa says that about 95% of sexual assaults on college campuses go unreported, and they hope that maybe now, more victims will come forward."Sexual assault is one of the most under reported crimes," Karen Hildebrand, executive director of The Crisis Center, said.
  • Reagan County and Hospital District Reach Agreement On Patient Transfer Service

    Reagan County and Hospital District Reach Agreement On Patient Transfer Service

    Anum VallianiNewsWest 9REAGAN COUNTY - There may only be about six emergency transfers a month in Reagan County, but they've been the unintended focus of some drama. The Reagan County and Hospital District were at odds about what constituted a medical emergency requiring a transfer and how to compensate for when the service was needed."They have become convinced that we are needlessly calling EMS to pick up 'transfer' patients," Reagan County Hospital District CEO Pam Clark explained. "I thin...
    Anum VallianiNewsWest 9REAGAN COUNTY - There may only be about six emergency transfers a month in Reagan County, but they've been the unintended focus of some drama. The Reagan County and Hospital District were at odds about what constituted a medical emergency requiring a transfer and how to compensate for when the service was needed."They have become convinced that we are needlessly calling EMS to pick up 'transfer' patients," Reagan County Hospital District CEO Pam Clark explained. "I thin...
  • Officials Working Head-On Collision in Reeves County

    Officials Working Head-On Collision in Reeves County

    Officials are working a major accident in Reeves County. Pecos DPS confirms to NewsWest 9, they are working a major accident involving two cars on Highway 285.
    Officials are working a major accident in Reeves County. Pecos DPS confirms to NewsWest 9, they are working a major accident involving two cars on Highway 285.