Best Read: Foreclosure Activity Drops for the Fourth Consecutive MonthThe Gist: "Millions of borrowers are still being evaluated for the Obama administration's foreclosure prevention effort. States are also trying to delay the foreclosure process, temporarily lowering foreclosure numbers.
But the foreclosure crisis is likely to get worse before it gets better.
"We don't really believe the underlying problems have been resolved," said Rick Sharga, senior vice president at the Irvine, Calif.-based foreclosure listing service. Many borrowers, he said, "simply aren't going to qualify" for help.
Foreclosure filings were still up 18 percent from a year ago, and a new wave is expected next year as unemployment remains high and borrowers fall out of loan modification programs."
AM ROUNDUP
Calculated Risk examines the heavy local costs of "Toxic Titles" and their effects on the neighborhood beyond mere property values...
...Zero Hedge delivered the fascinating investment tip of the day: Profiting From the Upcoming Chinese Financial Crisis, which is "must read" material...
...two from Agent Genius today, first up an article analyzing the recent Trulia and Zillow data that seems to show New Stability for the Real Estate Market...
...and next up, Mortgage Applications Are Up This Week -- Do You Know Why? which I enjoyed reading because I didn't know, at all...
...Forbes Magazine sounding a very ominous note with "The Coming Wave of Debt Defaults" which provides important numbers and perspecitve...
...Flowing Data gave me weeks worth of ideas in a single post: 7 Visualization Groups on Flickr to Find Inspiration, an article that delivers the goods...
...and the Infographic of the Day is definitely US Domestic Oil Production (and Comsumption) from Next Generation Oil & Gas.
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