I am looking for home foreclosure statics for past 3 years.For US & Missouri.?
Question:
Answer:
Here's some historic analysis
http://www.wsws.org/articles/2002/dec200...
According to statistics published by the Mortgage Bankers Association of America, foreclosure rates are at their highest level in 30 years. For the three months ending June 30, lenders initiated 134,885 new mortgage foreclosures. That represented close to 4 of every 1,000 mortgaged homes. The number of conventional loans that have been foreclosed has increased 45 percent, to 76,526, the highest level in 11 years.
The rate of home foreclosures dipped slightly in the late 1990s, but has surged with the collapse of the stock market bubble and growing layoffs. Foreclosures are over 25 percent higher today than 2000. The foreclosure rate for FHA financed loans is 37 percent higher.
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