New Foreclosures Up in 47 States
The 2nd Quarter National Delinquency Survey, released today by the Mortgage Bankers Association (MBA), shows that mortgage loans entering foreclosure have increased in 47 states since this time last year. On average, the increases were 50% higher. Only four states-- North Dakota, South Dakota, Utah and Wyoming—did not experience increases in new foreclosures. Less than two percent of the American population lives in those states. When releasing the survey today, the MBA downplayed new foreclosures by focusing only on changes between the last two quarters. "Any minor changes from one quarter to