News Focus
News Focus
icon url

Tuff-Stuff

06/14/12 6:09 AM

#464718 RE: Tuff-Stuff #464717

Foreclosures up for first time in 27 months<>Foreclosures starts rise 16% Y/Y in May to 109,051, the first on-year increase in 27 months as banks recommence the repossession machinery after the $25B national mortgage abuse settlement earlier this year. Overall foreclosure activity climbs 9.1% M/M to almost 206,000 properties.

http://www.reuters.com/article/2012/06/14/us-usa-housing-realtytrac-idUSBRE85D05P20120614