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money.cnn.com - 10/16/2009

Foreclosures: 'Worst three months of all time'

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NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday. "They were the worst three months of all time," said Rick Sharga, spokesman ...

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nytimes.com - 10/10/2009

Panel Says Obama Plan Won’t Slow Foreclosures

— nytimes.com — Panel Says Obama Plan Won’t Slow Foreclosures (more) Panel Says Obama Plan Won’t Slow Foreclosures

Government

Stimulus Plan

Barack Obama

Comments vote downundo vote up naked capitalism found this 10/10/2009found this

2

online.wsj.com - 10/12/2009

Foreclosures Grow in Housing Market's Top Tiers

— online.wsj.com — NICK TIMIRAOS New data suggest that foreclosures are rising in more expensive housing markets. About 30% of... foreclosures in June involved homes in the top third of local housing values, up from 16% when the foreclosure crisis began three years ago, ... (more) Foreclosures Grow in Housing Market's Top Tiers

Housing Market

Comments vote downundo vote up Calculated Risk found this 10/12/2009found this

1

hf-implode.com - 10/15/2009

Foreclosures rise 5 percent from summer to fall

— hf-implode.com — "The foreclosure crisis affected nearly 938,000 properties in the July-September quarter, compared with about 890,000 in the... prior three months, according to a report released Thursday by RealtyTrac Inc. That puts foreclosure-related filings on a pace to hit about 3.5 million this year, up from ... (more) Foreclosures rise 5 percent from summer to fall

Comments vote downundo vote up iehi posted 10/15/2009posted this

Blog Reactions

The Big Picture:  Record Quarterly Foreclosures: Up 23% from Q3 2008

Daily Markets:  Government Measures No Match For Second Wave Of Foreclosures

Reactions

Foreclosures in 3rd qtr 2009 Up 23% from 3rd qtr 08 http://bit.ly/1dyFDG Borrowers voluntarily walking away frm their homes is skyrocketing 25 days ago

1,000,000 that is one million homes foreclosed in three months an building more thanks to tax payers footing bill http://tinyurl.com/yzhsqth 11/1/2009

Foreclosures: 'Worst three months of all time' NEW YORK (CNNMoney.com) http://bit.ly/WaCPr 10/20/2009

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Record Quarterly Foreclosures: Up 23% from Q3 2008
The Big Picture — ... greatest foreclosure activity. States with the greatest foreclosure activity have also seen the most significant price decreases, leading to increased purchases. > See also: US Foreclosure Activity Sources: U.S. FORECLOSURE ACTIVITY INCREASES 5 PERCENT IN Q3 RealtyTrac Otober 15, 2009 http://www.realtytrac.com/contentmanagement/pressrelease.aspx?channelid=9&accnt=0&itemid=7706 Foreclosures: ‘Worst three months of all time’ Les Christie ...

Government Measures No Match For Second Wave Of Foreclosures
Daily Markets — ... not be,” said Sharga. “We should see a peak in foreclosures at the end of 2010.” RealtyTrac’s estimate may actually understate the depth of the crisis, due to the banks playing “wait-and-see” with the government’s programs. This in turn could result in certain foreclosures not being counted on the firm’s report that was released yesterday (Thursday).“The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers,” Sharga told CNNMoney . “ It’s going to be a lingering problem .” Falling home prices will be the mechanism that keeps the ...

Words from the (investment) wise 10.18.09
The Big Picture — ... deluge contributed significantly to the quarter’s record 237,052 repossessions, a 21% jump from the previous three months. So far this year lenders have taken back 623,852 homes.’ “The foreclosure crisis may not diminish anytime soon. ‘The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers,’ Sharga said. ‘It’s going to be a lingering problem.’” Source: Les Christie, CNN Money, October 15, 2009. CNN Money: Foreclosure fix not working ...