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Mortgage Delinquencies Down….But a Record 843 Days to Foreclose

Yves here. While most investors and analysts were busy fixating on the Fed’s taper and the unemployment report and the Abenomics roller coaster, some important housing market news slipped under the radar. A Bloomberg report pointed to a panic among prospective home buyers (the ordinary person kind, as opposed to the investor/flipper/private equity landlord type) about being shut out of the market by rising rates. The Oregon Supreme Court whacked MERS (hat tip April Charney).

via Mortgage Delinquencies Down….But a Record 843 Days to Foreclose « naked capitalism.

 

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