Wednesday, December 29, 2010

Home > Servicing/Default > Foreclosures jump 31% in third quarter: OCC RSS Twitter Foreclosures jump 31% in third quarter: OCC

The 4th Quarter should show decrease, but only because of foreclosure gate.
Large banks and thrifts foreclosed on 382,000 homes in the third quarter, a 31.2% spike from the previous quarter, according to the Office of the Comptroller of the Currency.
Foreclosures increased 3.7% from a year ago, and more are coming. There are 1.2 million homes in the foreclosure process as of the end of the third quarter, up 4.5% from the previous quarter and an increase of 10.1% from a year ago.
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