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bloomberg.com - 10/23/2008

Foreclosure Filings Rose 71% in Third Quarter as Prices Fell

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Oct. 23 (Bloomberg) -- U.S. foreclosure filings increased 71 percent in the third quarter from a year earlier to the highest on record as home prices fell and stricter mortgage standards made it harder for homeowners to sell or refinance, RealtyTrac said. A total of 765,558 U.S. properties got ...

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realtytrac.com - 10/23/2008

FORECLOSURE ACTIVITY DECREASES 12 PERCENT IN SEPTEMBER

— realtytrac.com — By RealtyTrac Staff Third Quarter Activity Up 3 Percent From Q2 2008, Up 71 Percent From Q3... 2007 New State Laws In California, Other States Impact Numbers IRVINE , Calif. – Oct. 23, 2008 – RealtyTrac ® ( realtytrac.com ), the leading ... (more) FORECLOSURE ACTIVITY DECREASES 12 PERCENT IN SEPTEMBER

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Foreclosure Filings Continue to Amaze
[ The Financial Ninja ] — “I wouldn't be surprised to see foreclosures increase as the economy slows down. The people living paycheck to paycheck are at risk if they lose their jobs. It will cause more people to lose their homes.” -Rick Sharga, RealtyTrac While this isn’t anything new, the percentages continue to amaze… and I fully expect them to get much much worse. Foreclosure Filings Rose 71% in Third Quarter as Prices Fell: “U.S. foreclosure filings increased 71 percent in the third quarter from a year earlier to the highest on record as home prices fell and stricter mortgage standards made it harder for homeowners to sell or refinance, ...

Foreclosure Filings Continue to Amaze
[ The Financial Ninja ] — “I wouldn't be surprised to see foreclosures increase as the economy slows down. The people living paycheck to paycheck are at risk if they lose their jobs. It will cause more people to lose their homes.” -Rick Sharga, RealtyTrac While this isn’t anything new, the percentages continue to amaze… and I fully expect them to get much much worse. Foreclosure Filings Rose 71% in Third Quarter as Prices Fell: “U.S. foreclosure filings increased 71 percent in the third quarter from a year earlier to the highest on record as home prices fell and stricter mortgage standards made it harder for homeowners to sell or refinance, ...

Opening Bell: 10.23.08
Dealbreaker — ... trading in recent days, but that's no indication of how bad things can get once the opening bell chimes. Seoul, Hong Kong extend retreat; Tokyo cuts losses (Marketwatch) Another spike in the yen and gloomy economic data in Japan overnight brought about a slump in Asian share prices. The Nikkei fell 2.5%, while the Hang Seng dropped 3.6%, to its lowest close since May; South Korea's Kospi ended 7.5% lower, with trading halted at one point in the day. Foreclosure Filings Rose 71% in Third Quarter as Prices Fell (Bloomberg) The title of this piece ...

Foreclosure Filings Rise 71% 3Q 2008 vs. 3Q 2007
naked capitalism — ... Note that changes in various states to draw out the foreclosure process also means the increase in filings understates the deterioration in mortgage holder payments. From Bloomberg: ...

$125 billion for banker bonuses, nothing for 765,558 foreclosure victims
BloggingStocks — Filed under: Consumer experience, Financial Crisis What is wrong with us? We gladly fork over $125 billion to capitalize a handful of banks that got us into this mess that's cost $37 trillion since 2007. But we can't muster up any help for people whose houses go into foreclosure. Why are we using our taxpayer money to give bankers the extra capital they need to pay bonuses while not requiring them to lend it out to keep the economy moving? And why don't we do something to get to the root of this problem? That is the enormous borrowing of money to finance the purchase of houses many of which are worth less than the ...