RealtyTrac data shows that judicial foreclosure states, where the integrity of the documents is most acute, experienced a spike in foreclosure filings over these three months. The non-judicial foreclosure states have seen falling filings, perhaps correlated to the falling unemployment rate, perhaps correlated to not much. The full effect of the settlement has yet to be seen.
|By: David Dayen Thursday April 12, 2012 7:13 pm|
|By: David Dayen Friday February 10, 2012 2:37 pm|
I think I’ve made my position on the foreclosure fraud settlement pretty clear. Nevertheless, there’s a time to stew and a time to figure out how to make this work as well as possible. I think there are some tangible steps that can be taken, if not to improve the deal, then to improve housing policy overall to the benefit of homeowners rather than bank balance sheets.