Commentaries

The subprime to prime mortgage handoff

August 20, 2009

Data released by the Mortgage Bankers Association confirms the trend that prime borrowers are the ones to worry about.

from Rolfe Winkler:

Foreclosure Activity up 7% in July: RealtyTrac

August 13, 2009

From RealtyTrac:

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 360,149 U.S. properties during the month, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008. The report also shows that one in every 355 U.S. housing units received a foreclosure filing in July....

The government’s foreclosure flop

August 12, 2009

The Obama administration has attacked the problem of rising home foreclosures with a humanitarian zeal. Their program — the most ambitious in generations — was intended to save up to four million people from being thrown out of their homes.

from Rolfe Winkler:

Foreclosures up again

July 30, 2009

Late last night, RealtyTrac updated its foreclosure data through the end of June.