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calculatedriskblog.com - 7/8/2009
More Evidence of the "Foreclosure Backlog"
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From Peter Hong at the LA Times: L.A. County's May default rate double last year May's 9.5% [seriously] delinquency rate [more than 90 days] for L.A. County was up from 5% of mortgages ... in May 2008 [First American CoreLogic reported today]. ... the final foreclosure stage -- has shrunk. In ...
New Evidence on the Foreclosure Crisis
online.wsj.com - 7/3/2009
New Evidence on the Foreclosure Crisis
— online.wsj.com — STAN LIEBOWITZ What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from... a huge national database containing millions of individual loans strongly suggests that the single most important factor is whether the ... (more) New Evidence on the Foreclosure Crisis

Comments vote down naked capitalism found this 7/3/2009found this
realtytrac.com - 7/16/2009
1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN 1.5 MILLION U.S. ...
— realtytrac.com — By RealtyTrac Staff U.S. Foreclosure Activity Up 11 Percent in Q2 to Highest Quarterly Total on Record... June Marks Fourth Straight Month with More Than 300,000 Properties with Filings IRVINE , Calif. – July 16, 2009 – RealtyTrac® ( realtytrac.com ), ... (more) 1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN ...

Comments vote down The Big Picture found this 7/16/2009found this
latimesblogs.latimes.com - 7/8/2009
L.A. County's May default rate double last year
— latimesblogs.latimes.com — The percentage of Los Angeles County mortgages delinquent by 90 days or more in May was nearly... double the rate last year, First American CoreLogic reported today. May's 9.5% delinquency rate for L.A. County was up from 5% of mortgages... (more) L.A. County's May default rate double last year

Comments vote down Calculated Risk found this 7/8/2009found this

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Decline and Fall of Western Civilization:  the foreclosure backlog

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the foreclosure backlog
Decline and Fall of Western Civilization — calculated risk: Ramsey Su (REO broker in San Diego) sent me some data today. He wrote: [Pent Up Foreclosures - a stat Ramsey follows] measures the difference between foreclosures completed versus defaults. This gap is widening as a result of government intervention. ... If they do not ACCELERATE the foreclosure process and release some of the pressure now, the consequences will be disastrous. beware false bottoms -- in my view there's no good reason to buy a house yet. ...

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Links For A Saturday Morning (June 6, 2009)
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12% in Foreclosure or Delinquent
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