Saturday, March 21, 2015

Underwater Homeowners "Here To Stay" Zillow Says

http://www.zerohedge.com/news/2015-03-20/underwater-homeowners-here-stay-zillow-says

According to Black Knight Financial, both new and repeat foreclosures hit a 12-month high during the first month of the year with repeats (i.e. the borrower was rescued but has since entered the foreclosure process again) jumping 11% M/M. More troubling is the trend in repeat foreclosures which accounted for only 15% of total foreclosures during the crisis but now make up a startling 51%.

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