Monday, February 11, 2013

Is a 'Mini' Foreclosure Wave Coming?

Is a 'Mini' Foreclosure Wave Coming?

The housing market has made big gains in recent months with sales and prices, but a surge in foreclosures may soon strike again.

Foreclosures are down 18 percent year-over-year, and the threat has lessened in recent months. But the latest agreement between the Federal Reserve/Comptroller of the Currency and the 10 largest mortgage servicers is expected to create a “mini-wave” of foreclosures soon, RISMedia reports.  Read more ....

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