10-Year Foreclosure Crisis Recap -CoreLogic


Posted To: MND NewsWire

As anniversaries go, it’s not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007, more than 7.8 million homes have been foreclosed according to a new retrospective, published by CoreLogic, on the ten-year rise and fall of the cycle. The company’s report, United States Residential Foreclosure Crisis: 10 Years Later, comes at a time when the incidence of foreclosure is finally nearing what is considered a normal level. The report looks at foreclosures beginning with what it calls the relatively healthy years of the early 2000s through the peak of the crisis to the present time, with an estimated 22,000 homes lost to foreclosure each month. Many economists mark the beginning of the crisis with the collapse of two Bear Stearns subprime mortgage funds…(read more)

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