Interest Rate Roundup

Thursday, April 16, 2009

Home foreclosure filings hit record 341,180 in March


The combination of the expiration of temporary foreclosure moratoriums, rising unemployment, and falling home prices all combined to drive foreclosure filings to a record high in March, according to RealtyTrac (see chart above). Filings surged 17.4% from 290,631 in February to 341,180 in March. On a year-over-year basis, filings are up a hefty 46.4%.

2 Comments:

  • How does the markets continue to advance against the back drop of worsening news? Does the Governments level of manipulation concern you at all?

    By Anonymous Anonymous, at April 16, 2009 at 8:05 PM  

  • It concerns me very much. So much disinformation is spread that you don't know who to trust. This is all going to come crashing down I fear. No way these banks can continue to take these kinds of writedowns and be solvent, the numbes just don't add up.

    J

    By Anonymous Anonymous, at April 22, 2009 at 11:43 AM  

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