Sunday, July 13th, 2008...11:29 pm
June Foreclosure Filings Up 53% From 2007
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Home foreclosure filings are up 53% in June. This is the second straight month more than 250,000 homes have foreclosed. This is according to the latest report from RealtyTrac.
First of all, what is going on with the Fannie Mae and Freddie Mac news. how will that affect the housing market? It could be huge. The real debate is held in the reforms will be and still have enough capital to do with a need to do to affect relief on the markets. If Fannie Mae and Freddie Mac do not have the capital they need, foreclosures will go up. They are already up an enormous 53%, but down 3% from May 2008.
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