In response to:

Over Half of Foreclosures Now ‘Repeats’

loadstar Wrote: Oct 22, 2012 12:38 PM
The Wizard of Ozbama...the Pied Piper of Unwanted Change...President Downgrade...the ObaMessiah...the faux "Professor" of Constitutional Law (REALLY a teacher's aide just reading from a professor's notes)...the citizen of all 58 states who respects Navy "corpsemen" who can speak "the Austrian language"... Close associate of several avowed communists including Vann Jones (whom he appointed to a W.H. czar position) and Frank Marshall Davis...hmmm

A fundamental question with both the Bush and Obama approaches to the mortgage foreclosure crisis is to what extent are policies simply putting off the inevitable?  Are “permanent” solutions being offered, or are we just recycling the same borrowers through one foreclosure after another?  Recent data from Lender Processing Services (LPS) sheds some light on the question.

The most recent LPS data, covering to the end of August 2012, shows that for the first time, over half of foreclosures are for borrowers that were previously in foreclosure.  Now there are several ways to read the chart below.  On...