Wonder which segment of the market these rumblings of a foreclosure crisis are about. I’m guessing low end. The million-plus premium market is probably stronger, not weaker, in terms of quantity and quality of debt load.
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Today in Probably Nothing:
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"Total U.S. foreclosure starts: 32,900
Month-over-month change: 702.44%
Year-over-year change: 457.63%"
This is a *leading* indicator, given the backlog. Delinquencies will look good for a bit before they rise.
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