Thoughts Sent to Me on Foreclosure Crisis

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 · Phillippa Dunne (The Liscio Report) sent me this note a few moments ago: "The MBA delinquency numbers just came out. In Q2, foreclosures were started on 1.19% of outstanding mortgages, up from 0.99% in Q1, and nearly three times the pre-2000 record. The total stock in foreclosure was 2.75% of all mortgages, more than twice the pre-2000 record.

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Six years after the foreclosure crisis helped tank the world’s economy, investors are snatching up “distressed” properties – those that are in foreclosure or facing foreclosure – and seeking to turn a profit on them. Advocates for affordable housing worry that this profit comes at the expense of tenants.

WASHINGTON (CNN)– Even before President Obama unveiled his home foreclosure. work to stave off a crisis plaguing the country. House Republican Whip Eric Cantor, R-Virginia, along with Minority.

The foreclosure crisis share this clip. Tell us a little bit about where your thoughts are on that. Yeah, I think housing is a really tough issue. And at the time, we did — again, the.

final reports to Congress on the root causes of the foreclosure crisis. This final report responds to that mandate by analyzing data and trends in the residential housing market and reviewing the academic literature and industry press on the root causes of the current foreclosure crisis.

Steve Bailey, who also appeared on "Clearing the FOG," is a homeowner who never missed a payment but still lost his home to foreclosure. The crisis of foreclosure and lost wealth is not over. Every three months, 250,000 new families enter the foreclosure process. Each foreclosure results in an average of $131,200 in lost wealth for the homeowner.

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