Foreclosure Inventory Near Record Highs, Attempts To Slow Foreclosures Is Prolonging The Housing Crisis

LPS Mortgage Monitor has come out with a comprehensive series of charts including the current level of foreclosures, delinquencies by year of origination, length of time homeowners have not made a payment in judicial states, states with largest drops in non-current mortgages and foreclosure rates in judicial vs non judicial states. The states with the […]

Total 2011 Foreclosure Filings Reach 2.7 Million – Expect 2012 To Be Worse

Fed Chairman Ben Bernanke must be talking to himself by now.  Despite driving interest rates to zero and the expenditure of trillions of dollars to prop up the housing market, home prices declined again in 2011. The most recent data on foreclosure activity makes it clear that the Fed’s efforts to date have accomplished next […]