The number of foreclosure filings in the U.S. continued climbing last month, marking a 48% rise from a year ago, according to RealtyTrac.
Nationwide, 261,255 homes received at least one foreclosure-related filing in May, up from 176,137 in the same month a year ago and up 7% from the prior month.
According to the foreclosure-monitoring company, the data reveal that one in every 483 households received a foreclosure filing last month.
Banks and lenders were generally trading flat to lower early Friday.
Bank of America
was trading down 35 cents, or 1.2%, at $29.09;
was trading down 3 cents, or 0.6%, at $4.76;
was down 84 cents, or 3.4%, at $24.05;
, down 57 cents, or 2.5%, at $21.92; and
, down 30 cents, or 1.2%, at $25.72.
This article was written by a staff member of TheStreet.com.