Beyond the foreclosure inventory: the impact of start rates and transition rates in five counties

Daniel DiFranco and Robin G. Newberger

Profitwise, 2011, issue Apr, 2-7

Abstract: Since 2007, the rate of mortgage foreclosures has risen in all five states (Illinois, Indiana, Iowa, Michigan, and Wisconsin) in the Federal Reserve?s Seventh District. Rising foreclosure rates obviously signal problems in housing markets, but the inventory of foreclosed loans, meaning the number of loans under formal foreclosure status at a given moment, actually reflects two actions that occur at distinct phases of the foreclosure process.

Keywords: Interest rates; Foreclosure (search for similar items in EconPapers)
Date: 2011
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