September Foreclosure Filings Up 2%

November 29, 2007 · Filed Under Economic Impact of Foreclosures 


Transcript:
focused on that, especially after donald kohn’ s remarks yesterday. we have gdp. it is almost a backwards indicator. people will be watching that. new home sales at 10. keep an eye on food stocks. we have anheuser-busch boosting their full-year guidance. keep an eye on general motors. bear stearns did raise the stock to a hold from a cell. they say the risk reward is balanced. general motors shares are rising today. that is helping the dow jones futures, as we just saw, which are pointing higher right now. back to you. >> fqq|8~ the nation’ s home-equity losses could jump 50-100% next year. this call is coming from goldman sachs. analyst say that home equity credit quality continues to deteriorate, as losses more than doubled. goldman says washington mutual, first horizon > the new data shows that the number of foreclosure filings last month was up two percent from september, according to realty track. that is up 94% from october of last year. california had more filings than any other state, followed by florida, ohio, and michigan. realty track says the activity has leveled off after peaking in august. the number of default notices was down 9% last month. in a time when homeowners are having trouble getting out of foreclosure, the number of bank repossessions was up 35%. >> we do have more data coming out later.

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