Blogs

In remarks he made yesterday in Chicago, Federal Reserve Board Chairman Ben S. Bernanke talked extensively about how he believes the Federal Reserve Board should respond to rising foreclosures — specifically in the subprime mortgage market....

After 17 consecutive meetings of raising interest rates, and a switch over to new leadership under Ben Bernanke, the Federal Reserve went into hibernation last August and has remained there ever since. ...

U.S. foreclosure activity in the first quarter of 2007 was up 35 percent from the first quarter of 2006, according to the RealtyTrac U.S. Foreclosure Market Report released today. The report documents a total of 437,498 foreclosure filings, which include default notices, auction notices and bank repossessions, during the quarter and a quarterly foreclosure rate of one foreclosure filing for every 264 households — the highest quarterly foreclosure rate since RealtyTrac began issuing its report more than two years ago....

With 149,150 foreclosure filings reported nationwide in March, U.S. foreclosure activity was up 7 percent from the previous month and 47 percent from a year ago, according to RealtyTrac's foreclosure market report that was released yesterday. ...

RealtyTrac released its February U.S. Foreclosure Market Report today, and it shows that U.S. foreclosure activity eased down 4 percent from the two-year high achieved in January. Still, the 130,786 foreclosure filings reported in February — one foreclosure filing for every 884 houesholds — represented the second highest total reported since RealtyTrac began issuing the report, in January 2005....