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Zero Down Is a Foreclosure Factor (Duh)
ritholtz.com - 7/3/2009
Zero Down Is a Foreclosure Factor (Duh)
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There is a kind of weird OpEd in today’s WSJ by Stan Liebowitz. The professor makes the incredible discovery that zero down payments, 100% LTV financings tend to slide in great numbers into foreclosure: “What is really behind the mushrooming rate of mortgage foreclosures since ...

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J. Bradford DeLong's Grasping Reality with All Eight Tentacles:  Origins of the Current Financial Crisis

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
calculatedriskblog.com - 7/8/2009
More Evidence of the "Foreclosure Backlog"
— calculatedriskblog.com — 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]. ... ... (more) More Evidence of the "Foreclosure Backlog"

Comments vote down Decline and Fall of Western Civilization found this 7/8/2009found this
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Origins of the Current Financial Crisis
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... Zero Down Is a Foreclosure Factor: There is a kind of weird OpEd in today’s WSJ by Stan Liebowitz. The professor makes the incredible discovery that zero down payments, 100% LTV financings tend to slide in great numbers into foreclosure.... This is analysis by gross over-simplification. Not quite reductio ad absurdum, but close. Unfortunately, it leads to conclusions that are at best only partially correct. And that conclusion? The problem has been Prime, not sub-prime loans.... ...

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How To Avoid Foreclosure
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Foreclosure is the ‘cure’
mortgage.freedomblogging.com 6/10/2009 — Should tax dollars be spent helping people avoid losing their home to a bank? A study I blogged on last week found borrowers who lost their home to foreclosure in November 2006, 2007 and 2008 often had cashed-out all their equity. The data for the ...
Get your foreclosure now - Aug. 5, 2009
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Duh.
alephblog.com 7/22/2009 — Duh. I don’t like saying “Duh.” There’s something dumb-sounding about it. The only thing worse is saying “Duuuuh,” or “Duuuuuuhh.” Yet, when I read Dr. Bernanke’s Op-Ed in the Wall Street Journal today , my initial response was ...
U.S. Foreclosure Filings Hit Record for Second Straight Month
bloomberg.com 5/13/2009 — May 13 (Bloomberg) -- Foreclosure filings in the U.S. rose to a record for the second consecutive month in April as banks increased efforts to seize homes from delinquent borrowers. A total of 342,038 properties received a default or auction notice ...
12 pct. are behind on mortgage or in foreclosure (AP)
news.yahoo.com 5/28/2009 — AP - A record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. And the wave of foreclosures isn't expected to crest until the end of next year, the ...
1.9 MILLION FORECLOSURE FILINGS REPORTED ON MORE THAN 1.5 MILLION U.S. PROPERTIES IN FIRST HALF OF 2009
realtytrac.com 7/16/2009 — 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 ), ...
Department of Duh
marginalrevolution.com 9/18/2009 — Justin, a loyal MR reader, writes to me: Funny new story . Near the end it mentions citizen's group that wants to remove cameras from a highway because, in their words, "It's nothing but a speed tax". I liked the opening paragraph of the ...
RealtyTrac: Record Foreclosure Activity in April
calculatedriskblog.com 5/13/2009 — From RealtyTrac: Foreclosure Activity Remains at Record Levels in April RealtyTrac ... today released its April 2009 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 342,038 U.S. properties ...
Zero Money Down, Not Subprime, Led To Foreclosure Crisis
businessinsider.com 7/5/2009 — money burning tbi The most important article you can read this weekend is economist Stan Leibowitz's analysis of loan level data on 30 million mortgages. His conclusion is straight-forward: the most important driver of foreclosures is homeowner ...